Retirement Income Planner

Current age

Benefit at 62

Benefit at FRA

Benefit at 70

Include spouse

Spouse age

Spouse @ 62

Spouse @ FRA

Spouse @ 70

Life expectancy: 85

COLA: 2.5%

Spouse↓ / Client→	62	63	64	65	66	67	68	69	70
62	1321k	1333k	1340k	1341k	1338k	1330k	1343k	1349k	1347k
63	1332k	1344k	1350k	1352k	1348k	1340k	1354k	1360k	1357k
64	1338k	1350k	1357k	1358k	1355k	1347k	1360k	1366k	1364k
65	1341k	1353k	1360k	1361k	1358k	1349k	1363k	1369k	1366k
66	1340k	1352k	1358k	1360k	1356k	1348k	1362k	1367k	1365k
67	1335k	1347k	1354k	1355k	1351k	1343k	1357k	1363k	1360k
68	1347k	1359k	1365k	1367k	1363k	1355k	1369k	1374k	1372k
69	1352k	1364k	1371k	1372k	1369k	1360k	1374k	1380k	1378k
70	1352k	1364k	1370k	1372k	1368k	1360k	1374k	1379k	1377k

Best strategy

File at 69 / spouse 69, $1,379,872 lifetime

Earliest (62)

$579,600

Full Retirement Age

$626,400

Maximum (70)

$666,000

Filing at 70 vs. 62, break-even at approximately age 81. If life expectancy exceeds break-even, delaying yields more lifetime income.