62, Full Retirement or 70?
For answers to these important questions you will need to do the research, talk to your financial advisor, consider your health and that of your spouse, and run the numbers using the SSCalc.net Social Security calculator.
The calculator provides you and a spouse with estimated real and discounted Social Security retirement and survivor benefits and investment gains on those benefits.
Input dates of birth and projected starting benefits from your latest Social Security statements or one of the calculators available at www.ssa.gov.
Calculations are completed to age 100 or ages that you input.
For the individual, compare three retirement options -- retire early at 62, retire at Full Retirement Age (FRA) or take delayed retirement at 70.
For the married couple, compare nine retirement options for you and your spouse which include the spouse retirement and survivor benefit.
Vary the rate inputs to see the impact of higher or lower inflation and investment returns on your accumulated benefits.