Social Security Discounts and Break Even Ages

Under the SilGro home page for Alan Silverstein and Cathie Grow
-- Email me at ajs@frii.com

This webpage helps you decide whether to start or defer your ordinary Social Security benefit payments between the ages of 62 and 70. This is convenient (HTMLized) output from the SS_BE.pl Perl script, running it for all valid birth years (45 - 60), so you don't have to run it yourself under Perl.

For each birth year below there are available two output tables, one for yearly summaries and one for monthly details:

Note:

Birth Year Yearly Monthly
1945 summary details
1946 summary details
1947 summary details
1948 summary details
1949 summary details
1950 summary details
1951 summary details
1952 summary details
1953 summary details
1954 summary details
1955 summary details
1956 summary details
1957 summary details
1958 summary details
1959 summary details
1960 or later summary details


1945 Yearly Summary:

Birth year = 1945: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1945 Monthly Details:

Birth year = 1945: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1946 Yearly Summary:

Birth year = 1946: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1946 Monthly Details:

Birth year = 1946: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1947 Yearly Summary:

Birth year = 1947: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1947 Monthly Details:

Birth year = 1947: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1948 Yearly Summary:

Birth year = 1948: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1948 Monthly Details:

Birth year = 1948: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1949 Yearly Summary:

Birth year = 1949: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1949 Monthly Details:

Birth year = 1949: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1950 Yearly Summary:

Birth year = 1950: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1950 Monthly Details:

Birth year = 1950: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1951 Yearly Summary:

Birth year = 1951: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1951 Monthly Details:

Birth year = 1951: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1952 Yearly Summary:

Birth year = 1952: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1952 Monthly Details:

Birth year = 1952: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1953 Yearly Summary:

Birth year = 1953: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1953 Monthly Details:

Birth year = 1953: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1954 Yearly Summary:

Birth year = 1954: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -48   75.0   56.8  0.4498   18.5  80.5
63  0  -36   80.0   60.6  0.4690   17.8  80.8
64  0  -24   86.7   65.7  0.4770   17.5  81.5
65  0  -12   93.3   70.7  0.4882   17.1  82.1
66  0   +0  100.0   75.8  0.5051   16.5  82.5
67  0  +12  108.0   81.8  0.5051   16.5  83.5
68  0  +24  116.0   87.9  0.5051   16.5  84.5
69  0  +36  124.0   93.9  0.5051   16.5  85.5
70  0  +48  132.0  100.0  0.5051   16.5  86.5


1954 Monthly Details:

Birth year = 1954: FRA = 66 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5051% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -48   75.0   56.8  0.4498   18.5  80.5
62  1  -47   75.4   57.1  0.4512   18.5  80.6
62  2  -46   75.8   57.4  0.4527   18.4  80.6
62  3  -45   76.2   57.8  0.4541   18.3  80.6
62  4  -44   76.7   58.1  0.4556   18.3  80.6
62  5  -43   77.1   58.4  0.4572   18.2  80.6
62  6  -42   77.5   58.7  0.4588   18.2  80.7
62  7  -41   77.9   59.0  0.4604   18.1  80.7
62  8  -40   78.3   59.3  0.4620   18.0  80.7
62  9  -39   78.8   59.7  0.4637   18.0  80.7
62 10  -38   79.2   60.0  0.4654   17.9  80.7
62 11  -37   79.6   60.3  0.4672   17.8  80.8

63  0  -36   80.0   60.6  0.4690   17.8  80.8
63  1  -35   80.6   61.0  0.4696   17.7  80.8
63  2  -34   81.1   61.4  0.4701   17.7  80.9
63  3  -33   81.7   61.9  0.4708   17.7  81.0
63  4  -32   82.2   62.3  0.4714   17.7  81.0
63  5  -31   82.8   62.7  0.4720   17.7  81.1
63  6  -30   83.3   63.1  0.4727   17.6  81.1
63  7  -29   83.9   63.6  0.4733   17.6  81.2
63  8  -28   84.4   64.0  0.4740   17.6  81.2
63  9  -27   85.0   64.4  0.4747   17.6  81.3
63 10  -26   85.6   64.8  0.4755   17.5  81.4
63 11  -25   86.1   65.2  0.4762   17.5  81.4

64  0  -24   86.7   65.7  0.4770   17.5  81.5
64  1  -23   87.2   66.1  0.4778   17.4  81.5
64  2  -22   87.8   66.5  0.4786   17.4  81.6
64  3  -21   88.3   66.9  0.4794   17.4  81.6
64  4  -20   88.9   67.3  0.4803   17.4  81.7
64  5  -19   89.4   67.8  0.4812   17.3  81.7
64  6  -18   90.0   68.2  0.4821   17.3  81.8
64  7  -17   90.6   68.6  0.4830   17.3  81.8
64  8  -16   91.1   69.0  0.4840   17.2  81.9
64  9  -15   91.7   69.4  0.4850   17.2  81.9
64 10  -14   92.2   69.9  0.4860   17.1  82.0
64 11  -13   92.8   70.3  0.4871   17.1  82.0

65  0  -12   93.3   70.7  0.4882   17.1  82.1
65  1  -11   93.9   71.1  0.4894   17.0  82.1
65  2  -10   94.4   71.5  0.4905   17.0  82.2
65  3   -9   95.0   72.0  0.4918   16.9  82.2
65  4   -8   95.6   72.4  0.4930   16.9  82.2
65  5   -7   96.1   72.8  0.4943   16.9  82.3
65  6   -6   96.7   73.2  0.4957   16.8  82.3
65  7   -5   97.2   73.7  0.4971   16.8  82.3
65  8   -4   97.8   74.1  0.4986   16.7  82.4
65  9   -3   98.3   74.5  0.5001   16.7  82.4
65 10   -2   98.9   74.9  0.5017   16.6  82.4
65 11   -1   99.4   75.3  0.5033   16.6  82.5

66  0   +0  100.0   75.8  0.5051   16.5  82.5
66  1   +1  100.7   76.3  0.5051   16.5  82.6
66  2   +2  101.3   76.8  0.5051   16.5  82.7
66  3   +3  102.0   77.3  0.5051   16.5  82.8
66  4   +4  102.7   77.8  0.5051   16.5  82.8
66  5   +5  103.3   78.3  0.5051   16.5  82.9
66  6   +6  104.0   78.8  0.5051   16.5  83.0
66  7   +7  104.7   79.3  0.5051   16.5  83.1
66  8   +8  105.3   79.8  0.5051   16.5  83.2
66  9   +9  106.0   80.3  0.5051   16.5  83.2
66 10  +10  106.7   80.8  0.5051   16.5  83.3
66 11  +11  107.3   81.3  0.5051   16.5  83.4

67  0  +12  108.0   81.8  0.5051   16.5  83.5
67  1  +13  108.7   82.3  0.5051   16.5  83.6
67  2  +14  109.3   82.8  0.5051   16.5  83.7
67  3  +15  110.0   83.3  0.5051   16.5  83.8
67  4  +16  110.7   83.8  0.5051   16.5  83.8
67  5  +17  111.3   84.3  0.5051   16.5  83.9
67  6  +18  112.0   84.8  0.5051   16.5  84.0
67  7  +19  112.7   85.4  0.5051   16.5  84.1
67  8  +20  113.3   85.9  0.5051   16.5  84.2
67  9  +21  114.0   86.4  0.5051   16.5  84.2
67 10  +22  114.7   86.9  0.5051   16.5  84.3
67 11  +23  115.3   87.4  0.5051   16.5  84.4

68  0  +24  116.0   87.9  0.5051   16.5  84.5
68  1  +25  116.7   88.4  0.5051   16.5  84.6
68  2  +26  117.3   88.9  0.5051   16.5  84.7
68  3  +27  118.0   89.4  0.5051   16.5  84.8
68  4  +28  118.7   89.9  0.5051   16.5  84.8
68  5  +29  119.3   90.4  0.5051   16.5  84.9
68  6  +30  120.0   90.9  0.5051   16.5  85.0
68  7  +31  120.7   91.4  0.5051   16.5  85.1
68  8  +32  121.3   91.9  0.5051   16.5  85.2
68  9  +33  122.0   92.4  0.5051   16.5  85.2
68 10  +34  122.7   92.9  0.5051   16.5  85.3
68 11  +35  123.3   93.4  0.5051   16.5  85.4

69  0  +36  124.0   93.9  0.5051   16.5  85.5
69  1  +37  124.7   94.4  0.5051   16.5  85.6
69  2  +38  125.3   94.9  0.5051   16.5  85.7
69  3  +39  126.0   95.5  0.5051   16.5  85.8
69  4  +40  126.7   96.0  0.5051   16.5  85.8
69  5  +41  127.3   96.5  0.5051   16.5  85.9
69  6  +42  128.0   97.0  0.5051   16.5  86.0
69  7  +43  128.7   97.5  0.5051   16.5  86.1
69  8  +44  129.3   98.0  0.5051   16.5  86.2
69  9  +45  130.0   98.5  0.5051   16.5  86.2
69 10  +46  130.7   99.0  0.5051   16.5  86.3
69 11  +47  131.3   99.5  0.5051   16.5  86.4

70  0  +48  132.0  100.0  0.5051   16.5  86.5


1955 Yearly Summary:

Birth year = 1955: FRA = 66 years + 2 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5102% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -50   74.2   56.8  0.4504   18.5  80.5
63  0  -38   79.2   60.6  0.4692   17.8  80.8
64  0  -26   85.6   65.5  0.4795   17.4  81.4
65  0  -14   92.2   70.6  0.4904   17.0  82.0
66  0   -2   98.9   75.7  0.5067   16.4  82.4
67  0  +10  106.7   81.6  0.5102   16.3  83.3
68  0  +22  114.7   87.8  0.5102   16.3  84.3
69  0  +34  122.7   93.9  0.5102   16.3  85.3
70  0  +46  130.7  100.0  0.5102   16.3  86.3


1955 Monthly Details:

Birth year = 1955: FRA = 66 years + 2 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5102% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -50   74.2   56.8  0.4504   18.5  80.5
62  1  -49   74.6   57.1  0.4518   18.4  80.5
62  2  -48   75.0   57.4  0.4532   18.4  80.6
62  3  -47   75.4   57.7  0.4547   18.3  80.6
62  4  -46   75.8   58.0  0.4561   18.3  80.6
62  5  -45   76.2   58.4  0.4576   18.2  80.6
62  6  -44   76.7   58.7  0.4592   18.1  80.6
62  7  -43   77.1   59.0  0.4608   18.1  80.7
62  8  -42   77.5   59.3  0.4624   18.0  80.7
62  9  -41   77.9   59.6  0.4640   18.0  80.7
62 10  -40   78.3   59.9  0.4657   17.9  80.7
62 11  -39   78.8   60.3  0.4674   17.8  80.7

63  0  -38   79.2   60.6  0.4692   17.8  80.8
63  1  -37   79.6   60.9  0.4710   17.7  80.8
63  2  -36   80.0   61.2  0.4729   17.6  80.8
63  3  -35   80.6   61.6  0.4735   17.6  80.9
63  4  -34   81.1   62.1  0.4741   17.6  80.9
63  5  -33   81.7   62.5  0.4747   17.6  81.0
63  6  -32   82.2   62.9  0.4753   17.5  81.0
63  7  -31   82.8   63.4  0.4760   17.5  81.1
63  8  -30   83.3   63.8  0.4766   17.5  81.2
63  9  -29   83.9   64.2  0.4773   17.5  81.2
63 10  -28   84.4   64.6  0.4780   17.4  81.3
63 11  -27   85.0   65.1  0.4788   17.4  81.3

64  0  -26   85.6   65.5  0.4795   17.4  81.4
64  1  -25   86.1   65.9  0.4803   17.4  81.4
64  2  -24   86.7   66.3  0.4810   17.3  81.5
64  3  -23   87.2   66.8  0.4819   17.3  81.5
64  4  -22   87.8   67.2  0.4827   17.3  81.6
64  5  -21   88.3   67.6  0.4836   17.2  81.7
64  6  -20   88.9   68.0  0.4844   17.2  81.7
64  7  -19   89.4   68.5  0.4853   17.2  81.8
64  8  -18   90.0   68.9  0.4863   17.1  81.8
64  9  -17   90.6   69.3  0.4873   17.1  81.9
64 10  -16   91.1   69.7  0.4883   17.1  81.9
64 11  -15   91.7   70.2  0.4893   17.0  81.9

65  0  -14   92.2   70.6  0.4904   17.0  82.0
65  1  -13   92.8   71.0  0.4915   17.0  82.0
65  2  -12   93.3   71.4  0.4926   16.9  82.1
65  3  -11   93.9   71.9  0.4938   16.9  82.1
65  4  -10   94.4   72.3  0.4950   16.8  82.2
65  5   -9   95.0   72.7  0.4963   16.8  82.2
65  6   -8   95.6   73.1  0.4976   16.7  82.2
65  7   -7   96.1   73.6  0.4990   16.7  82.3
65  8   -6   96.7   74.0  0.5004   16.7  82.3
65  9   -5   97.2   74.4  0.5019   16.6  82.4
65 10   -4   97.8   74.8  0.5034   16.6  82.4
65 11   -3   98.3   75.3  0.5050   16.5  82.4

66  0   -2   98.9   75.7  0.5067   16.4  82.4
66  1   -1   99.4   76.1  0.5084   16.4  82.5
66  2   +0  100.0   76.5  0.5102   16.3  82.5
66  3   +1  100.7   77.0  0.5102   16.3  82.6
66  4   +2  101.3   77.6  0.5102   16.3  82.7
66  5   +3  102.0   78.1  0.5102   16.3  82.8
66  6   +4  102.7   78.6  0.5102   16.3  82.8
66  7   +5  103.3   79.1  0.5102   16.3  82.9
66  8   +6  104.0   79.6  0.5102   16.3  83.0
66  9   +7  104.7   80.1  0.5102   16.3  83.1
66 10   +8  105.3   80.6  0.5102   16.3  83.2
66 11   +9  106.0   81.1  0.5102   16.3  83.2

67  0  +10  106.7   81.6  0.5102   16.3  83.3
67  1  +11  107.3   82.1  0.5102   16.3  83.4
67  2  +12  108.0   82.7  0.5102   16.3  83.5
67  3  +13  108.7   83.2  0.5102   16.3  83.6
67  4  +14  109.3   83.7  0.5102   16.3  83.7
67  5  +15  110.0   84.2  0.5102   16.3  83.8
67  6  +16  110.7   84.7  0.5102   16.3  83.8
67  7  +17  111.3   85.2  0.5102   16.3  83.9
67  8  +18  112.0   85.7  0.5102   16.3  84.0
67  9  +19  112.7   86.2  0.5102   16.3  84.1
67 10  +20  113.3   86.7  0.5102   16.3  84.2
67 11  +21  114.0   87.2  0.5102   16.3  84.2

68  0  +22  114.7   87.8  0.5102   16.3  84.3
68  1  +23  115.3   88.3  0.5102   16.3  84.4
68  2  +24  116.0   88.8  0.5102   16.3  84.5
68  3  +25  116.7   89.3  0.5102   16.3  84.6
68  4  +26  117.3   89.8  0.5102   16.3  84.7
68  5  +27  118.0   90.3  0.5102   16.3  84.8
68  6  +28  118.7   90.8  0.5102   16.3  84.8
68  7  +29  119.3   91.3  0.5102   16.3  84.9
68  8  +30  120.0   91.8  0.5102   16.3  85.0
68  9  +31  120.7   92.3  0.5102   16.3  85.1
68 10  +32  121.3   92.9  0.5102   16.3  85.2
68 11  +33  122.0   93.4  0.5102   16.3  85.2

69  0  +34  122.7   93.9  0.5102   16.3  85.3
69  1  +35  123.3   94.4  0.5102   16.3  85.4
69  2  +36  124.0   94.9  0.5102   16.3  85.5
69  3  +37  124.7   95.4  0.5102   16.3  85.6
69  4  +38  125.3   95.9  0.5102   16.3  85.7
69  5  +39  126.0   96.4  0.5102   16.3  85.8
69  6  +40  126.7   96.9  0.5102   16.3  85.8
69  7  +41  127.3   97.4  0.5102   16.3  85.9
69  8  +42  128.0   98.0  0.5102   16.3  86.0
69  9  +43  128.7   98.5  0.5102   16.3  86.1
69 10  +44  129.3   99.0  0.5102   16.3  86.2
69 11  +45  130.0   99.5  0.5102   16.3  86.2

70  0  +46  130.7  100.0  0.5102   16.3  86.3


1956 Yearly Summary:

Birth year = 1956: FRA = 66 years + 4 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5155% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -52   73.3   56.7  0.4510   18.5  80.5
63  0  -40   78.3   60.6  0.4694   17.8  80.8
64  0  -28   84.4   65.3  0.4821   17.3  81.3
65  0  -16   91.1   70.4  0.4926   16.9  81.9
66  0   -4   97.8   75.6  0.5083   16.4  82.4
67  0   +8  105.3   81.4  0.5155   16.2  83.2
68  0  +20  113.3   87.6  0.5155   16.2  84.2
69  0  +32  121.3   93.8  0.5155   16.2  85.2
70  0  +44  129.3  100.0  0.5155   16.2  86.2


1956 Monthly Details:

Birth year = 1956: FRA = 66 years + 4 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5155% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -52   73.3   56.7  0.4510   18.5  80.5
62  1  -51   73.8   57.0  0.4524   18.4  80.5
62  2  -50   74.2   57.3  0.4538   18.4  80.5
62  3  -49   74.6   57.7  0.4552   18.3  80.6
62  4  -48   75.0   58.0  0.4566   18.2  80.6
62  5  -47   75.4   58.3  0.4581   18.2  80.6
62  6  -46   75.8   58.6  0.4596   18.1  80.6
62  7  -45   76.2   59.0  0.4612   18.1  80.7
62  8  -44   76.7   59.3  0.4627   18.0  80.7
62  9  -43   77.1   59.6  0.4644   17.9  80.7
62 10  -42   77.5   59.9  0.4660   17.9  80.7
62 11  -41   77.9   60.2  0.4677   17.8  80.7

63  0  -40   78.3   60.6  0.4694   17.8  80.8
63  1  -39   78.8   60.9  0.4712   17.7  80.8
63  2  -38   79.2   61.2  0.4730   17.6  80.8
63  3  -37   79.6   61.5  0.4749   17.5  80.8
63  4  -36   80.0   61.9  0.4768   17.5  80.8
63  5  -35   80.6   62.3  0.4774   17.5  80.9
63  6  -34   81.1   62.7  0.4780   17.4  80.9
63  7  -33   81.7   63.1  0.4786   17.4  81.0
63  8  -32   82.2   63.6  0.4793   17.4  81.1
63  9  -31   82.8   64.0  0.4800   17.4  81.1
63 10  -30   83.3   64.4  0.4806   17.3  81.2
63 11  -29   83.9   64.9  0.4813   17.3  81.2

64  0  -28   84.4   65.3  0.4821   17.3  81.3
64  1  -27   85.0   65.7  0.4828   17.3  81.3
64  2  -26   85.6   66.2  0.4836   17.2  81.4
64  3  -25   86.1   66.6  0.4843   17.2  81.5
64  4  -24   86.7   67.0  0.4851   17.2  81.5
64  5  -23   87.2   67.4  0.4860   17.1  81.6
64  6  -22   87.8   67.9  0.4868   17.1  81.6
64  7  -21   88.3   68.3  0.4877   17.1  81.7
64  8  -20   88.9   68.7  0.4886   17.1  81.7
64  9  -19   89.4   69.2  0.4896   17.0  81.8
64 10  -18   90.0   69.6  0.4905   17.0  81.8
64 11  -17   90.6   70.0  0.4915   17.0  81.9

65  0  -16   91.1   70.4  0.4926   16.9  81.9
65  1  -15   91.7   70.9  0.4936   16.9  82.0
65  2  -14   92.2   71.3  0.4947   16.8  82.0
65  3  -13   92.8   71.7  0.4959   16.8  82.1
65  4  -12   93.3   72.2  0.4971   16.8  82.1
65  5  -11   93.9   72.6  0.4983   16.7  82.1
65  6  -10   94.4   73.0  0.4996   16.7  82.2
65  7   -9   95.0   73.5  0.5009   16.6  82.2
65  8   -8   95.6   73.9  0.5022   16.6  82.3
65  9   -7   96.1   74.3  0.5037   16.5  82.3
65 10   -6   96.7   74.7  0.5052   16.5  82.3
65 11   -5   97.2   75.2  0.5067   16.4  82.4

66  0   -4   97.8   75.6  0.5083   16.4  82.4
66  1   -3   98.3   76.0  0.5100   16.3  82.4
66  2   -2   98.9   76.5  0.5117   16.3  82.5
66  3   -1   99.4   76.9  0.5136   16.2  82.5
66  4   +0  100.0   77.3  0.5155   16.2  82.5
66  5   +1  100.7   77.8  0.5155   16.2  82.6
66  6   +2  101.3   78.4  0.5155   16.2  82.7
66  7   +3  102.0   78.9  0.5155   16.2  82.7
66  8   +4  102.7   79.4  0.5155   16.2  82.8
66  9   +5  103.3   79.9  0.5155   16.2  82.9
66 10   +6  104.0   80.4  0.5155   16.2  83.0
66 11   +7  104.7   80.9  0.5155   16.2  83.1

67  0   +8  105.3   81.4  0.5155   16.2  83.2
67  1   +9  106.0   82.0  0.5155   16.2  83.2
67  2  +10  106.7   82.5  0.5155   16.2  83.3
67  3  +11  107.3   83.0  0.5155   16.2  83.4
67  4  +12  108.0   83.5  0.5155   16.2  83.5
67  5  +13  108.7   84.0  0.5155   16.2  83.6
67  6  +14  109.3   84.5  0.5155   16.2  83.7
67  7  +15  110.0   85.1  0.5155   16.2  83.7
67  8  +16  110.7   85.6  0.5155   16.2  83.8
67  9  +17  111.3   86.1  0.5155   16.2  83.9
67 10  +18  112.0   86.6  0.5155   16.2  84.0
67 11  +19  112.7   87.1  0.5155   16.2  84.1

68  0  +20  113.3   87.6  0.5155   16.2  84.2
68  1  +21  114.0   88.1  0.5155   16.2  84.2
68  2  +22  114.7   88.7  0.5155   16.2  84.3
68  3  +23  115.3   89.2  0.5155   16.2  84.4
68  4  +24  116.0   89.7  0.5155   16.2  84.5
68  5  +25  116.7   90.2  0.5155   16.2  84.6
68  6  +26  117.3   90.7  0.5155   16.2  84.7
68  7  +27  118.0   91.2  0.5155   16.2  84.7
68  8  +28  118.7   91.8  0.5155   16.2  84.8
68  9  +29  119.3   92.3  0.5155   16.2  84.9
68 10  +30  120.0   92.8  0.5155   16.2  85.0
68 11  +31  120.7   93.3  0.5155   16.2  85.1

69  0  +32  121.3   93.8  0.5155   16.2  85.2
69  1  +33  122.0   94.3  0.5155   16.2  85.2
69  2  +34  122.7   94.8  0.5155   16.2  85.3
69  3  +35  123.3   95.4  0.5155   16.2  85.4
69  4  +36  124.0   95.9  0.5155   16.2  85.5
69  5  +37  124.7   96.4  0.5155   16.2  85.6
69  6  +38  125.3   96.9  0.5155   16.2  85.7
69  7  +39  126.0   97.4  0.5155   16.2  85.7
69  8  +40  126.7   97.9  0.5155   16.2  85.8
69  9  +41  127.3   98.5  0.5155   16.2  85.9
69 10  +42  128.0   99.0  0.5155   16.2  86.0
69 11  +43  128.7   99.5  0.5155   16.2  86.1

70  0  +44  129.3  100.0  0.5155   16.2  86.2


1957 Yearly Summary:

Birth year = 1957: FRA = 66 years + 6 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5208% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -54   72.5   56.6  0.4517   18.5  80.5
63  0  -42   77.5   60.5  0.4697   17.7  80.7
64  0  -30   83.3   65.1  0.4847   17.2  81.2
65  0  -18   90.0   70.3  0.4948   16.8  81.8
66  0   -6   96.7   75.5  0.5100   16.3  82.3
67  0   +6  104.0   81.2  0.5208   16.0  83.0
68  0  +18  112.0   87.5  0.5208   16.0  84.0
69  0  +30  120.0   93.8  0.5208   16.0  85.0
70  0  +42  128.0  100.0  0.5208   16.0  86.0


1957 Monthly Details:

Birth year = 1957: FRA = 66 years + 6 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5208% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -54   72.5   56.6  0.4517   18.5  80.5
62  1  -53   72.9   57.0  0.4530   18.4  80.5
62  2  -52   73.3   57.3  0.4543   18.3  80.5
62  3  -51   73.8   57.6  0.4557   18.3  80.5
62  4  -50   74.2   57.9  0.4571   18.2  80.6
62  5  -49   74.6   58.3  0.4586   18.2  80.6
62  6  -48   75.0   58.6  0.4601   18.1  80.6
62  7  -47   75.4   58.9  0.4616   18.1  80.6
62  8  -46   75.8   59.2  0.4631   18.0  80.7
62  9  -45   76.2   59.6  0.4647   17.9  80.7
62 10  -44   76.7   59.9  0.4663   17.9  80.7
62 11  -43   77.1   60.2  0.4680   17.8  80.7

63  0  -42   77.5   60.5  0.4697   17.7  80.7
63  1  -41   77.9   60.9  0.4714   17.7  80.8
63  2  -40   78.3   61.2  0.4732   17.6  80.8
63  3  -39   78.8   61.5  0.4750   17.5  80.8
63  4  -38   79.2   61.8  0.4769   17.5  80.8
63  5  -37   79.6   62.2  0.4788   17.4  80.8
63  6  -36   80.0   62.5  0.4808   17.3  80.8
63  7  -35   80.6   62.9  0.4814   17.3  80.9
63  8  -34   81.1   63.4  0.4820   17.3  81.0
63  9  -33   81.7   63.8  0.4826   17.3  81.0
63 10  -32   82.2   64.2  0.4833   17.2  81.1
63 11  -31   82.8   64.7  0.4840   17.2  81.1

64  0  -30   83.3   65.1  0.4847   17.2  81.2
64  1  -29   83.9   65.5  0.4854   17.2  81.3
64  2  -28   84.4   66.0  0.4861   17.1  81.3
64  3  -27   85.0   66.4  0.4869   17.1  81.4
64  4  -26   85.6   66.8  0.4876   17.1  81.4
64  5  -25   86.1   67.3  0.4884   17.1  81.5
64  6  -24   86.7   67.7  0.4893   17.0  81.5
64  7  -23   87.2   68.1  0.4901   17.0  81.6
64  8  -22   87.8   68.6  0.4910   17.0  81.6
64  9  -21   88.3   69.0  0.4919   16.9  81.7
64 10  -20   88.9   69.4  0.4928   16.9  81.7
64 11  -19   89.4   69.9  0.4938   16.9  81.8

65  0  -18   90.0   70.3  0.4948   16.8  81.8
65  1  -17   90.6   70.7  0.4958   16.8  81.9
65  2  -16   91.1   71.2  0.4969   16.8  81.9
65  3  -15   91.7   71.6  0.4980   16.7  82.0
65  4  -14   92.2   72.0  0.4991   16.7  82.0
65  5  -13   92.8   72.5  0.5003   16.7  82.1
65  6  -12   93.3   72.9  0.5015   16.6  82.1
65  7  -11   93.9   73.4  0.5028   16.6  82.2
65  8  -10   94.4   73.8  0.5041   16.5  82.2
65  9   -9   95.0   74.2  0.5055   16.5  82.2
65 10   -8   95.6   74.7  0.5069   16.4  82.3
65 11   -7   96.1   75.1  0.5084   16.4  82.3

66  0   -6   96.7   75.5  0.5100   16.3  82.3
66  1   -5   97.2   76.0  0.5116   16.3  82.4
66  2   -4   97.8   76.4  0.5133   16.2  82.4
66  3   -3   98.3   76.8  0.5150   16.2  82.4
66  4   -2   98.9   77.3  0.5169   16.1  82.5
66  5   -1   99.4   77.7  0.5188   16.1  82.5
66  6   +0  100.0   78.1  0.5208   16.0  82.5
66  7   +1  100.7   78.6  0.5208   16.0  82.6
66  8   +2  101.3   79.2  0.5208   16.0  82.7
66  9   +3  102.0   79.7  0.5208   16.0  82.8
66 10   +4  102.7   80.2  0.5208   16.0  82.8
66 11   +5  103.3   80.7  0.5208   16.0  82.9

67  0   +6  104.0   81.2  0.5208   16.0  83.0
67  1   +7  104.7   81.8  0.5208   16.0  83.1
67  2   +8  105.3   82.3  0.5208   16.0  83.2
67  3   +9  106.0   82.8  0.5208   16.0  83.2
67  4  +10  106.7   83.3  0.5208   16.0  83.3
67  5  +11  107.3   83.9  0.5208   16.0  83.4
67  6  +12  108.0   84.4  0.5208   16.0  83.5
67  7  +13  108.7   84.9  0.5208   16.0  83.6
67  8  +14  109.3   85.4  0.5208   16.0  83.7
67  9  +15  110.0   85.9  0.5208   16.0  83.8
67 10  +16  110.7   86.5  0.5208   16.0  83.8
67 11  +17  111.3   87.0  0.5208   16.0  83.9

68  0  +18  112.0   87.5  0.5208   16.0  84.0
68  1  +19  112.7   88.0  0.5208   16.0  84.1
68  2  +20  113.3   88.5  0.5208   16.0  84.2
68  3  +21  114.0   89.1  0.5208   16.0  84.2
68  4  +22  114.7   89.6  0.5208   16.0  84.3
68  5  +23  115.3   90.1  0.5208   16.0  84.4
68  6  +24  116.0   90.6  0.5208   16.0  84.5
68  7  +25  116.7   91.1  0.5208   16.0  84.6
68  8  +26  117.3   91.7  0.5208   16.0  84.7
68  9  +27  118.0   92.2  0.5208   16.0  84.8
68 10  +28  118.7   92.7  0.5208   16.0  84.8
68 11  +29  119.3   93.2  0.5208   16.0  84.9

69  0  +30  120.0   93.8  0.5208   16.0  85.0
69  1  +31  120.7   94.3  0.5208   16.0  85.1
69  2  +32  121.3   94.8  0.5208   16.0  85.2
69  3  +33  122.0   95.3  0.5208   16.0  85.2
69  4  +34  122.7   95.8  0.5208   16.0  85.3
69  5  +35  123.3   96.4  0.5208   16.0  85.4
69  6  +36  124.0   96.9  0.5208   16.0  85.5
69  7  +37  124.7   97.4  0.5208   16.0  85.6
69  8  +38  125.3   97.9  0.5208   16.0  85.7
69  9  +39  126.0   98.4  0.5208   16.0  85.8
69 10  +40  126.7   99.0  0.5208   16.0  85.8
69 11  +41  127.3   99.5  0.5208   16.0  85.9

70  0  +42  128.0  100.0  0.5208   16.0  86.0


1958 Yearly Summary:

Birth year = 1958: FRA = 66 years + 8 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5263% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -56   71.7   56.6  0.4523   18.4  80.4
63  0  -44   76.7   60.5  0.4699   17.7  80.7
64  0  -32   82.2   64.9  0.4873   17.1  81.1
65  0  -20   88.9   70.2  0.4971   16.8  81.8
66  0   -8   95.6   75.4  0.5117   16.3  82.3
67  0   +4  102.7   81.1  0.5263   15.8  82.8
68  0  +16  110.7   87.4  0.5263   15.8  83.8
69  0  +28  118.7   93.7  0.5263   15.8  84.8
70  0  +40  126.7  100.0  0.5263   15.8  85.8


1958 Monthly Details:

Birth year = 1958: FRA = 66 years + 8 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5263% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -56   71.7   56.6  0.4523   18.4  80.4
62  1  -55   72.1   56.9  0.4536   18.4  80.5
62  2  -54   72.5   57.2  0.4549   18.3  80.5
62  3  -53   72.9   57.6  0.4563   18.3  80.5
62  4  -52   73.3   57.9  0.4577   18.2  80.5
62  5  -51   73.8   58.2  0.4591   18.2  80.6
62  6  -50   74.2   58.6  0.4605   18.1  80.6
62  7  -49   74.6   58.9  0.4620   18.0  80.6
62  8  -48   75.0   59.2  0.4635   18.0  80.6
62  9  -47   75.4   59.5  0.4651   17.9  80.7
62 10  -46   75.8   59.9  0.4666   17.9  80.7
62 11  -45   76.2   60.2  0.4683   17.8  80.7

63  0  -44   76.7   60.5  0.4699   17.7  80.7
63  1  -43   77.1   60.9  0.4716   17.7  80.8
63  2  -42   77.5   61.2  0.4734   17.6  80.8
63  3  -41   77.9   61.5  0.4751   17.5  80.8
63  4  -40   78.3   61.8  0.4770   17.5  80.8
63  5  -39   78.8   62.2  0.4788   17.4  80.8
63  6  -38   79.2   62.5  0.4808   17.3  80.8
63  7  -37   79.6   62.8  0.4827   17.3  80.8
63  8  -36   80.0   63.2  0.4848   17.2  80.9
63  9  -35   80.6   63.6  0.4854   17.2  80.9
63 10  -34   81.1   64.0  0.4860   17.1  81.0
63 11  -33   81.7   64.5  0.4867   17.1  81.0

64  0  -32   82.2   64.9  0.4873   17.1  81.1
64  1  -31   82.8   65.4  0.4880   17.1  81.2
64  2  -30   83.3   65.8  0.4887   17.1  81.2
64  3  -29   83.9   66.2  0.4894   17.0  81.3
64  4  -28   84.4   66.7  0.4902   17.0  81.3
64  5  -27   85.0   67.1  0.4910   17.0  81.4
64  6  -26   85.6   67.5  0.4918   16.9  81.4
64  7  -25   86.1   68.0  0.4926   16.9  81.5
64  8  -24   86.7   68.4  0.4934   16.9  81.6
64  9  -23   87.2   68.9  0.4943   16.9  81.6
64 10  -22   87.8   69.3  0.4952   16.8  81.7
64 11  -21   88.3   69.7  0.4961   16.8  81.7

65  0  -20   88.9   70.2  0.4971   16.8  81.8
65  1  -19   89.4   70.6  0.4981   16.7  81.8
65  2  -18   90.0   71.1  0.4991   16.7  81.9
65  3  -17   90.6   71.5  0.5002   16.7  81.9
65  4  -16   91.1   71.9  0.5013   16.6  82.0
65  5  -15   91.7   72.4  0.5024   16.6  82.0
65  6  -14   92.2   72.8  0.5036   16.5  82.0
65  7  -13   92.8   73.2  0.5048   16.5  82.1
65  8  -12   93.3   73.7  0.5061   16.5  82.1
65  9  -11   93.9   74.1  0.5074   16.4  82.2
65 10  -10   94.4   74.6  0.5088   16.4  82.2
65 11   -9   95.0   75.0  0.5102   16.3  82.3

66  0   -8   95.6   75.4  0.5117   16.3  82.3
66  1   -7   96.1   75.9  0.5133   16.2  82.3
66  2   -6   96.7   76.3  0.5149   16.2  82.4
66  3   -5   97.2   76.8  0.5166   16.1  82.4
66  4   -4   97.8   77.2  0.5183   16.1  82.4
66  5   -3   98.3   77.6  0.5202   16.0  82.4
66  6   -2   98.9   78.1  0.5221   16.0  82.5
66  7   -1   99.4   78.5  0.5242   15.9  82.5
66  8   +0  100.0   78.9  0.5263   15.8  82.5
66  9   +1  100.7   79.5  0.5263   15.8  82.6
66 10   +2  101.3   80.0  0.5263   15.8  82.7
66 11   +3  102.0   80.5  0.5263   15.8  82.8

67  0   +4  102.7   81.1  0.5263   15.8  82.8
67  1   +5  103.3   81.6  0.5263   15.8  82.9
67  2   +6  104.0   82.1  0.5263   15.8  83.0
67  3   +7  104.7   82.6  0.5263   15.8  83.1
67  4   +8  105.3   83.2  0.5263   15.8  83.2
67  5   +9  106.0   83.7  0.5263   15.8  83.2
67  6  +10  106.7   84.2  0.5263   15.8  83.3
67  7  +11  107.3   84.7  0.5263   15.8  83.4
67  8  +12  108.0   85.3  0.5263   15.8  83.5
67  9  +13  108.7   85.8  0.5263   15.8  83.6
67 10  +14  109.3   86.3  0.5263   15.8  83.7
67 11  +15  110.0   86.8  0.5263   15.8  83.8

68  0  +16  110.7   87.4  0.5263   15.8  83.8
68  1  +17  111.3   87.9  0.5263   15.8  83.9
68  2  +18  112.0   88.4  0.5263   15.8  84.0
68  3  +19  112.7   88.9  0.5263   15.8  84.1
68  4  +20  113.3   89.5  0.5263   15.8  84.2
68  5  +21  114.0   90.0  0.5263   15.8  84.2
68  6  +22  114.7   90.5  0.5263   15.8  84.3
68  7  +23  115.3   91.1  0.5263   15.8  84.4
68  8  +24  116.0   91.6  0.5263   15.8  84.5
68  9  +25  116.7   92.1  0.5263   15.8  84.6
68 10  +26  117.3   92.6  0.5263   15.8  84.7
68 11  +27  118.0   93.2  0.5263   15.8  84.8

69  0  +28  118.7   93.7  0.5263   15.8  84.8
69  1  +29  119.3   94.2  0.5263   15.8  84.9
69  2  +30  120.0   94.7  0.5263   15.8  85.0
69  3  +31  120.7   95.3  0.5263   15.8  85.1
69  4  +32  121.3   95.8  0.5263   15.8  85.2
69  5  +33  122.0   96.3  0.5263   15.8  85.2
69  6  +34  122.7   96.8  0.5263   15.8  85.3
69  7  +35  123.3   97.4  0.5263   15.8  85.4
69  8  +36  124.0   97.9  0.5263   15.8  85.5
69  9  +37  124.7   98.4  0.5263   15.8  85.6
69 10  +38  125.3   98.9  0.5263   15.8  85.7
69 11  +39  126.0   99.5  0.5263   15.8  85.8

70  0  +40  126.7  100.0  0.5263   15.8  85.8


1959 Yearly Summary:

Birth year = 1959: FRA = 66 years + 10 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5319% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -58   70.8   56.5  0.4530   18.4  80.4
63  0  -46   75.8   60.5  0.4702   17.7  80.7
64  0  -34   81.1   64.7  0.4901   17.0  81.0
65  0  -22   87.8   70.0  0.4994   16.7  81.7
66  0  -10   94.4   75.4  0.5134   16.2  82.2
67  0   +2  101.3   80.9  0.5319   15.7  82.7
68  0  +14  109.3   87.2  0.5319   15.7  83.7
69  0  +26  117.3   93.6  0.5319   15.7  84.7
70  0  +38  125.3  100.0  0.5319   15.7  85.7


1959 Monthly Details:

Birth year = 1959: FRA = 66 years + 10 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5319% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -58   70.8   56.5  0.4530   18.4  80.4
62  1  -57   71.2   56.8  0.4542   18.3  80.4
62  2  -56   71.7   57.2  0.4555   18.3  80.5
62  3  -55   72.1   57.5  0.4568   18.2  80.5
62  4  -54   72.5   57.8  0.4582   18.2  80.5
62  5  -53   72.9   58.2  0.4596   18.1  80.5
62  6  -52   73.3   58.5  0.4610   18.1  80.6
62  7  -51   73.8   58.8  0.4624   18.0  80.6
62  8  -50   74.2   59.2  0.4639   18.0  80.6
62  9  -49   74.6   59.5  0.4654   17.9  80.7
62 10  -48   75.0   59.8  0.4670   17.8  80.7
62 11  -47   75.4   60.2  0.4686   17.8  80.7

63  0  -46   75.8   60.5  0.4702   17.7  80.7
63  1  -45   76.2   60.8  0.4718   17.7  80.7
63  2  -44   76.7   61.2  0.4735   17.6  80.8
63  3  -43   77.1   61.5  0.4753   17.5  80.8
63  4  -42   77.5   61.8  0.4771   17.5  80.8
63  5  -41   77.9   62.2  0.4789   17.4  80.8
63  6  -40   78.3   62.5  0.4808   17.3  80.8
63  7  -39   78.8   62.8  0.4827   17.3  80.8
63  8  -38   79.2   63.2  0.4847   17.2  80.9
63  9  -37   79.6   63.5  0.4867   17.1  80.9
63 10  -36   80.0   63.8  0.4888   17.0  80.9
63 11  -35   80.6   64.3  0.4894   17.0  80.9

64  0  -34   81.1   64.7  0.4901   17.0  81.0
64  1  -33   81.7   65.2  0.4907   17.0  81.1
64  2  -32   82.2   65.6  0.4914   17.0  81.1
64  3  -31   82.8   66.0  0.4921   16.9  81.2
64  4  -30   83.3   66.5  0.4928   16.9  81.2
64  5  -29   83.9   66.9  0.4935   16.9  81.3
64  6  -28   84.4   67.4  0.4943   16.9  81.4
64  7  -27   85.0   67.8  0.4951   16.8  81.4
64  8  -26   85.6   68.3  0.4959   16.8  81.5
64  9  -25   86.1   68.7  0.4967   16.8  81.5
64 10  -24   86.7   69.1  0.4976   16.7  81.6
64 11  -23   87.2   69.6  0.4985   16.7  81.6

65  0  -22   87.8   70.0  0.4994   16.7  81.7
65  1  -21   88.3   70.5  0.5004   16.7  81.7
65  2  -20   88.9   70.9  0.5013   16.6  81.8
65  3  -19   89.4   71.4  0.5024   16.6  81.8
65  4  -18   90.0   71.8  0.5034   16.6  81.9
65  5  -17   90.6   72.3  0.5045   16.5  81.9
65  6  -16   91.1   72.7  0.5056   16.5  82.0
65  7  -15   91.7   73.1  0.5068   16.4  82.0
65  8  -14   92.2   73.6  0.5080   16.4  82.1
65  9  -13   92.8   74.0  0.5093   16.4  82.1
65 10  -12   93.3   74.5  0.5106   16.3  82.2
65 11  -11   93.9   74.9  0.5120   16.3  82.2

66  0  -10   94.4   75.4  0.5134   16.2  82.2
66  1   -9   95.0   75.8  0.5149   16.2  82.3
66  2   -8   95.6   76.2  0.5165   16.1  82.3
66  3   -7   96.1   76.7  0.5181   16.1  82.3
66  4   -6   96.7   77.1  0.5198   16.0  82.4
66  5   -5   97.2   77.6  0.5216   16.0  82.4
66  6   -4   97.8   78.0  0.5235   15.9  82.4
66  7   -3   98.3   78.5  0.5254   15.9  82.4
66  8   -2   98.9   78.9  0.5275   15.8  82.5
66  9   -1   99.4   79.3  0.5296   15.7  82.5
66 10   +0  100.0   79.8  0.5319   15.7  82.5
66 11   +1  100.7   80.3  0.5319   15.7  82.6

67  0   +2  101.3   80.9  0.5319   15.7  82.7
67  1   +3  102.0   81.4  0.5319   15.7  82.8
67  2   +4  102.7   81.9  0.5319   15.7  82.8
67  3   +5  103.3   82.4  0.5319   15.7  82.9
67  4   +6  104.0   83.0  0.5319   15.7  83.0
67  5   +7  104.7   83.5  0.5319   15.7  83.1
67  6   +8  105.3   84.0  0.5319   15.7  83.2
67  7   +9  106.0   84.6  0.5319   15.7  83.2
67  8  +10  106.7   85.1  0.5319   15.7  83.3
67  9  +11  107.3   85.6  0.5319   15.7  83.4
67 10  +12  108.0   86.2  0.5319   15.7  83.5
67 11  +13  108.7   86.7  0.5319   15.7  83.6

68  0  +14  109.3   87.2  0.5319   15.7  83.7
68  1  +15  110.0   87.8  0.5319   15.7  83.8
68  2  +16  110.7   88.3  0.5319   15.7  83.8
68  3  +17  111.3   88.8  0.5319   15.7  83.9
68  4  +18  112.0   89.4  0.5319   15.7  84.0
68  5  +19  112.7   89.9  0.5319   15.7  84.1
68  6  +20  113.3   90.4  0.5319   15.7  84.2
68  7  +21  114.0   91.0  0.5319   15.7  84.2
68  8  +22  114.7   91.5  0.5319   15.7  84.3
68  9  +23  115.3   92.0  0.5319   15.7  84.4
68 10  +24  116.0   92.6  0.5319   15.7  84.5
68 11  +25  116.7   93.1  0.5319   15.7  84.6

69  0  +26  117.3   93.6  0.5319   15.7  84.7
69  1  +27  118.0   94.1  0.5319   15.7  84.8
69  2  +28  118.7   94.7  0.5319   15.7  84.8
69  3  +29  119.3   95.2  0.5319   15.7  84.9
69  4  +30  120.0   95.7  0.5319   15.7  85.0
69  5  +31  120.7   96.3  0.5319   15.7  85.1
69  6  +32  121.3   96.8  0.5319   15.7  85.2
69  7  +33  122.0   97.3  0.5319   15.7  85.2
69  8  +34  122.7   97.9  0.5319   15.7  85.3
69  9  +35  123.3   98.4  0.5319   15.7  85.4
69 10  +36  124.0   98.9  0.5319   15.7  85.5
69 11  +37  124.7   99.5  0.5319   15.7  85.6

70  0  +38  125.3  100.0  0.5319   15.7  85.7


1960 Yearly Summary:

Birth year = 1960: FRA = 67 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5376% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE
62  0  -60   70.0   56.5  0.4536   18.4  80.4
63  0  -48   75.0   60.5  0.4704   17.7  80.7
64  0  -36   80.0   64.5  0.4928   16.9  80.9
65  0  -24   86.7   69.9  0.5018   16.6  81.6
66  0  -12   93.3   75.3  0.5152   16.2  82.2
67  0   +0  100.0   80.6  0.5376   15.5  82.5
68  0  +12  108.0   87.1  0.5376   15.5  83.5
69  0  +24  116.0   93.5  0.5376   15.5  84.5
70  0  +36  124.0  100.0  0.5376   15.5  85.5


1960 Monthly Details:

Birth year = 1960: FRA = 67 years + 0 months.

SS discount/bonus rates when starting payments before age 70:
0.4167% (5/12) monthly discount before FRA-36 months
0.5556% (5/9)  monthly discount between FRA-36 months and FRA
0.6667% (8/12) monthly bonus for deferring after FRA
0.5376% equivalent monthly discount rate between this FRA and age 70
Note: The first three values are the same for everyone born 1943 or later.
The last value depends on your birth year => FRA => number of months from FRA
until age 70.  While the bonus rate is fixed at 8%/year, the effective annual
or monthly discount rate versus age 70 depends on the time span.

START  TIL VS-FRA  VS-70     EFF   BREAK-EVEN
YR MO  FRA   PAY%   PAY%   DISC%  YEARS   AGE

62  0  -60   70.0   56.5  0.4536   18.4  80.4
62  1  -59   70.4   56.8  0.4549   18.3  80.4
62  2  -58   70.8   57.1  0.4561   18.3  80.4
62  3  -57   71.2   57.5  0.4574   18.2  80.5
62  4  -56   71.7   57.8  0.4587   18.2  80.5
62  5  -55   72.1   58.1  0.4601   18.1  80.5
62  6  -54   72.5   58.5  0.4615   18.1  80.6
62  7  -53   72.9   58.8  0.4629   18.0  80.6
62  8  -52   73.3   59.1  0.4643   17.9  80.6
62  9  -51   73.8   59.5  0.4658   17.9  80.6
62 10  -50   74.2   59.8  0.4673   17.8  80.7
62 11  -49   74.6   60.1  0.4688   17.8  80.7

63  0  -48   75.0   60.5  0.4704   17.7  80.7
63  1  -47   75.4   60.8  0.4720   17.7  80.7
63  2  -46   75.8   61.2  0.4737   17.6  80.8
63  3  -45   76.2   61.5  0.4754   17.5  80.8
63  4  -44   76.7   61.8  0.4772   17.5  80.8
63  5  -43   77.1   62.2  0.4789   17.4  80.8
63  6  -42   77.5   62.5  0.4808   17.3  80.8
63  7  -41   77.9   62.8  0.4826   17.3  80.8
63  8  -40   78.3   63.2  0.4846   17.2  80.9
63  9  -39   78.8   63.5  0.4866   17.1  80.9
63 10  -38   79.2   63.8  0.4886   17.1  80.9
63 11  -37   79.6   64.2  0.4907   17.0  80.9

64  0  -36   80.0   64.5  0.4928   16.9  80.9
64  1  -35   80.6   65.0  0.4935   16.9  81.0
64  2  -34   81.1   65.4  0.4941   16.9  81.0
64  3  -33   81.7   65.9  0.4948   16.8  81.1
64  4  -32   82.2   66.3  0.4955   16.8  81.2
64  5  -31   82.8   66.8  0.4962   16.8  81.2
64  6  -30   83.3   67.2  0.4969   16.8  81.3
64  7  -29   83.9   67.7  0.4977   16.7  81.3
64  8  -28   84.4   68.1  0.4984   16.7  81.4
64  9  -27   85.0   68.5  0.4992   16.7  81.4
64 10  -26   85.6   69.0  0.5001   16.7  81.5
64 11  -25   86.1   69.4  0.5009   16.6  81.6

65  0  -24   86.7   69.9  0.5018   16.6  81.6
65  1  -23   87.2   70.3  0.5027   16.6  81.7
65  2  -22   87.8   70.8  0.5036   16.5  81.7
65  3  -21   88.3   71.2  0.5046   16.5  81.8
65  4  -20   88.9   71.7  0.5056   16.5  81.8
65  5  -19   89.4   72.1  0.5067   16.4  81.9
65  6  -18   90.0   72.6  0.5078   16.4  81.9
65  7  -17   90.6   73.0  0.5089   16.4  82.0
65  8  -16   91.1   73.5  0.5101   16.3  82.0
65  9  -15   91.7   73.9  0.5113   16.3  82.0
65 10  -14   92.2   74.4  0.5125   16.3  82.1
65 11  -13   92.8   74.8  0.5139   16.2  82.1

66  0  -12   93.3   75.3  0.5152   16.2  82.2
66  1  -11   93.9   75.7  0.5167   16.1  82.2
66  2  -10   94.4   76.2  0.5182   16.1  82.2
66  3   -9   95.0   76.6  0.5197   16.0  82.3
66  4   -8   95.6   77.1  0.5213   16.0  82.3
66  5   -7   96.1   77.5  0.5230   15.9  82.3
66  6   -6   96.7   78.0  0.5248   15.9  82.4
66  7   -5   97.2   78.4  0.5267   15.8  82.4
66  8   -4   97.8   78.9  0.5287   15.8  82.4
66  9   -3   98.3   79.3  0.5307   15.7  82.5
66 10   -2   98.9   79.7  0.5329   15.6  82.5
66 11   -1   99.4   80.2  0.5352   15.6  82.5

67  0   +0  100.0   80.6  0.5376   15.5  82.5
67  1   +1  100.7   81.2  0.5376   15.5  82.6
67  2   +2  101.3   81.7  0.5376   15.5  82.7
67  3   +3  102.0   82.3  0.5376   15.5  82.8
67  4   +4  102.7   82.8  0.5376   15.5  82.8
67  5   +5  103.3   83.3  0.5376   15.5  82.9
67  6   +6  104.0   83.9  0.5376   15.5  83.0
67  7   +7  104.7   84.4  0.5376   15.5  83.1
67  8   +8  105.3   84.9  0.5376   15.5  83.2
67  9   +9  106.0   85.5  0.5376   15.5  83.2
67 10  +10  106.7   86.0  0.5376   15.5  83.3
67 11  +11  107.3   86.6  0.5376   15.5  83.4

68  0  +12  108.0   87.1  0.5376   15.5  83.5
68  1  +13  108.7   87.6  0.5376   15.5  83.6
68  2  +14  109.3   88.2  0.5376   15.5  83.7
68  3  +15  110.0   88.7  0.5376   15.5  83.8
68  4  +16  110.7   89.2  0.5376   15.5  83.8
68  5  +17  111.3   89.8  0.5376   15.5  83.9
68  6  +18  112.0   90.3  0.5376   15.5  84.0
68  7  +19  112.7   90.9  0.5376   15.5  84.1
68  8  +20  113.3   91.4  0.5376   15.5  84.2
68  9  +21  114.0   91.9  0.5376   15.5  84.2
68 10  +22  114.7   92.5  0.5376   15.5  84.3
68 11  +23  115.3   93.0  0.5376   15.5  84.4

69  0  +24  116.0   93.5  0.5376   15.5  84.5
69  1  +25  116.7   94.1  0.5376   15.5  84.6
69  2  +26  117.3   94.6  0.5376   15.5  84.7
69  3  +27  118.0   95.2  0.5376   15.5  84.8
69  4  +28  118.7   95.7  0.5376   15.5  84.8
69  5  +29  119.3   96.2  0.5376   15.5  84.9
69  6  +30  120.0   96.8  0.5376   15.5  85.0
69  7  +31  120.7   97.3  0.5376   15.5  85.1
69  8  +32  121.3   97.8  0.5376   15.5  85.2
69  9  +33  122.0   98.4  0.5376   15.5  85.2
69 10  +34  122.7   98.9  0.5376   15.5  85.3
69 11  +35  123.3   99.5  0.5376   15.5  85.4

70  0  +36  124.0  100.0  0.5376   15.5  85.5