Unexpectedly Intriguing!
October 1, 2014
Shoven: Percentage Increase for Deferring Social Security Benefits by Age

Did you know that if you're willing to defer collecting retirement benefits from Social Security, you can actually boost the amount of your monthly benefit when you actually do start to collect them?

The percentage by which you might boost your Social Security check can be pretty substantial, which is what our latest tool can help you determine. Just select the age at which you are currently considering to begin taking Social Security benefits and the age to which you might consider putting off collecting them, and we'll tell you how much bigger your monthly benefits check might be as a result.

And it doesn't matter if you're planning to retire early and apply for benefits at Age 62 or are planning to wait until your normal retirement age - if you're planning to retire before you reach Age 70, when you will have to begin taking Social Security benefits no matter what, we can estimate how different your monthly benefits check will be!

When to Start Collecting Social Security Benefits?
Input Data Values
Age at Which You're Currently Planning to Begin Taking Benefits
Age to Which You Might Delay Taking Benefits

Estimated Change in Monthly Social Security Benefit
Calculated Results Values
Percentage Change in Monthly Benefit

If you're reading this article on a site that republishes our RSS news feed, click here to access a working version of this tool!

If you want to put that percentage difference into more concrete terms, we encourage you to take advantage of Social Security's retirement benefit estimator to see what that might mean to you in terms of actual dollars.

Just remember that if you will be receiving Social Security benefits after 2032, when all Social Security benefits will be cut after the program's Old Age and Survivors Insurance trust fund runs out of money, you will need to multiply your result by 0.77 (or 77%) to reflect how much of your monthly benefit will remain after the promised cuts take place.


Shoven, John. Efficient Retirement Design. Stanford Institute for Economic Policy Research. [PDF Document]. March 2013.

Labels: ,

About Political Calculations

blog advertising
is good for you

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts


This year, we'll be experimenting with a number of apps to bring more of a current events focus to Political Calculations - we're test driving the app(s) below!

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

Visitors since December 6, 2004:

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button


The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links
Charities We Support
Recommended Reading
Recommended Viewing
Recently Shopped

Seeking Alpha Certified

Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.