Social Security Modeler - 1960+ example 0%.pdf - Steve Goulet

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Full Benefit @ Normal Ret. Age: 67 Assumed Full Benefit: $2,000 Assumed Interest Rate on SS Money 0% Social Security Reduction Schedule Percent of Full Monthly Age Benefit Benefit 62 70.00% $1,400 63 75.00% $1,500 64 80.00% $1,600 65 86.67% $1,733 66 93.33% $1,867 67 100.00% $2,000 70 124.00% $2,480 Cumulative Benefit By Year Best Year If you live to You are Better Off Taking Benefit at Age... Age... Year 62 63 64 65 66 67 70 Best Age 62 2021 $16,800 $16,800 63 2022 $33,600 $18,000 $33,600 64 2023 $50,400 $36,000 $19,200 $50,400 65 2024 $67,200 $54,000 $38,400 $20,800 $67,200 66 2025 $84,000 $72,000 $57,600 $41,600 $22,400 $84,000 67 2026 $100,800 $90,000 $76,800 $62,400 $44,800 $24,000 $100,800 68 2027 $117,600 $108,000 $96,000 $83,200 $67,200 $48,000 $117,600 69 2028 $134,400 $126,000 $115,200 $104,000 $89,600 $72,000 $134,400 70 2029 $151,200 $144,000 $134,400 $124,800 $112,000 $96,000 $29,760 $151,200 71 2030 $168,000 $162,000 $153,600 $145,600 $134,400 $120,000 $59,520 $168,000 72 2031 $184,800 $180,000 $172,800 $166,400 $156,800 $144,000 $89,280 $184,800 73 2032 $201,600 $198,000 $192,000 $187,200 $179,200 $168,000 $119,040 $201,600 74 2033 $218,400 $216,000 $211,200 $208,000 $201,600 $192,000 $148,800 $218,400 75 2034 $235,200 $234,000 $230,400 $228,800 $224,000 $216,000 $178,560 $235,200 76 2035 $252,000 $252,000 $249,600 $249,600 $246,400 $240,000 $208,320 $252,000 77 2036 $268,800 $270,000 $268,800 $270,400 $268,800 $264,000 $238,080 $270,400 78 2037 $285,600 $288,000 $288,000 $291,200 $291,200 $288,000 $267,840 $291,200 79 2038 $302,400 $306,000 $307,200 $312,000 $313,600 $312,000 $297,600 $313,600 80 2039 $319,200 $324,000 $326,400 $332,800 $336,000 $336,000 $327,360 $336,000 81 2040 $336,000 $342,000 $345,600 $353,600 $358,400 $360,000 $357,120 $360,000 82 2041 $352,800 $360,000 $364,800 $374,400 $380,800 $384,000 $386,880 $386,880 83 2042 $369,600 $378,000 $384,000 $395,200 $403,200 $408,000 $416,640 $416,640 84 2043 $386,400 $396,000 $403,200 $416,000 $425,600 $432,000 $446,400 $446,400 85 2044 $403,200 $414,000 $422,400 $436,800 $448,000 $456,000 $476,160 $476,160 86 2045 $420,000 $432,000 $441,600 $457,600 $470,400 $480,000 $505,920 $505,920 87 2046 $436,800 $450,000 $460,800 $478,400 $492,800 $504,000 $535,680 $535,680 88 2047 $453,600 $468,000 $480,000 $499,200 $515,200 $528,000 $565,440 $565,440 89 2048 $470,400 $486,000 $499,200 $520,000 $537,600 $552,000 $595,200 $595,200 90 2049 $487,200 $504,000 $518,400 $540,800 $560,000 $576,000 $624,960 $624,960 91 2050 $504,000 $522,000 $537,600 $561,600 $582,400 $600,000 $654,720 $654,720 92 2051 $520,800 $540,000 $556,800 $582,400 $604,800 $624,000 $684,480 $684,480 93 2052 $537,600 $558,000 $576,000 $603,200 $627,200 $648,000 $714,240 $714,240 94 2053 $554,400 $576,000 $595,200 $624,000 $649,600 $672,000 $744,000 $744,000 95 2054 $571,200 $594,000 $614,400 $644,800 $672,000 $696,000 $773,760 $773,760 96 2055 $588,000 $612,000 $633,600 $665,600 $694,400 $720,000 $803,520 $803,520 97 2056 $604,800 $630,000 $652,800 $686,400 $716,800 $744,000 $833,280 $833,280 98 2057 $621,600 $648,000 $672,000 $707,200 $739,200 $768,000 $863,040 $863,040 99 2058 $638,400 $666,000 $691,200 $728,000 $761,600 $792,000 $892,800 $892,800 100 2059 $655,200 $684,000 $710,400 $748,800 $784,000 $816,000 $922,560 $922,560