And don't forget if you start collecting before your FRA, there is a limit on your total income and if you exceed that amount they deduct it from your benefit until you reach FRA. You eventually get it back, but it is overtime.Assuming ss benefit of $1800 month at 70 and born in 1962 collect 56.5%
1800 m at 70 x 56.5% = 1017 month at 62
1800 m x 12 = 21,600 yr age 70
1017 m x 12 = 12,204 yr age 62
62 + 18 = 80
12,204 x 18 yrs = 219,672
starting at 62 at 12,204 yr = 219,672 collected by age 80
starting at 70 at 21,600 yr = 216,000 collected by age 80
12,204 x 19 yrs = 231,876 at 81
21,600 x 11 yrs = 237,600 at 81
breakeven = approximately age 80 yrs 8 months
check your ss statement to do your own calculations