Found a Neat Social Security Break-Even Calculator

[erkevin]

Fun to play around with: Break Even Calculator for Social Security

 

[Texas Proud]

Might be good for single... but nothing if you have a spouse..

 

[erkevin]

Don't recall claiming that is was...........

 

[walkinwood]

I think calculators like this should use real values (ie. keep inflation out of the picture). Since inflation is unknowable & SS payments keep up with CPI, today's values make most sense. That's also what the SS statements do.

 

[Texas Proud]

Don't recall claiming that is was...........

Just pointing it out since it does nothing for married and there are a LOT of married people here...

Why go to the link if it does not help?

 

[old medic]

Just pointing it out since it does nothing for married and there are a LOT of married people here...

And I put in both our numbers

 

[sdawson]

I think calculators like this should use real values (ie. keep inflation out of the picture). Since inflation is unknowable & SS payments keep up with CPI, today's values make most sense. That's also what the SS statements do.

I could put in 0% for the Average Annual Increase and it reported the 'real values' only

 

[erkevin]

Isn't the issue with married couples only if one is going to claim on the basis of the other's work record?

 

[big-papa]

Two of the best tools out there are, in my opinion
1. opensocialsecurity.com
2. ssa.tools

They cover different aspects, but both are worth spending some time with.

Cheers.

 

[GenXguy]

Nothing ground breaking, but I added it to my collection of links. I already had the others mentioned saved, plus you can go directly too ssa.gov.

 

[big-papa]

Nothing ground breaking, but I added it to my collection of links. I already had the others mentioned saved, plus you can go directly too ssa.gov.

Yup and they also have a downloadable tool. It felt like going down memory lane in the 1980's where all applications were run in DOS. Deleted it pretty quickly from my machine...

 

[pacergal]

thanks for the info.
I input just for myself and at age 82.5, I would be $300 more if I started at 70
By age 100, starting at 70 is only $122,716 more lifetime earnings than if I started at 62.
(I do all my calculations until age 100, just in case. Grandma lived to 100)

That's about what I calculated several years ago, and one of the reasons I took at 62.
$122,716 is nothing to sneeze at, but we get more value now with our SS dollars.