Alert
Close

Top the Treasure Hunt leaderboard by 5 p.m. Friday to win a $100 gift card! Learn more

Highlights

Close

Work
PROGRAMS

Best Employers for Workers Over 50

See the latest winners of this AARP recognition program.

Employer Resource Center

Attract and retain top talent in a changing workforce.

Most Popular
ARTICLES

Viewed

AARP's Social Security Q&A Tool

Assuming I begin taking my retirement benefit at age 62 instead of age 66, at what point is the break-even year or age? I've been told it's approximately 13 years. Is that true?

En español | For most people the choice about when to take benefits involves much more than trying to figure out the age or year when the value of delaying the benefit is precisely equal to the value of taking the benefit early. The break-even strategy is based on your estimated benefit at early and normal retirement age and your estimate of how long you plan to live. Determining when to claim Social Security based on this strategy alone is not recommended unless you have substantial assets. If you claim benefits early and live past your estimated break-even age, then you have forfeited additional benefits that could have been paid to you had you waited. A better strategy is to look at all your sources of retirement income and group them by guaranteed versus uncertain and determine how to secure as much of your financial needs using your guaranteed resources. In the case of Social Security, delaying claiming the inflation-protected benefit means that you will be receiving a guaranteed higher benefit than when claiming early.

Was this helpful to you?

Thank you - your feedback has been sent.

submit a question to
AARP EXPERTS

Didn’t see the answer to your question? Help us improve the tool by submitting your Social Security question. Go

more about
SOCIAL SECURITY

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS

Members get 15% off eligible products/services and 5% off shipping at The UPS Store®.

AARP Discounts on Consumer Cellular Phones and Plans

Members save 5% on monthly service and usage charges with Consumer Cellular.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Explore Your Learning Possiblities