Claiming early is a one-way door. 62or70.com quantifies the cost of that decision so you can claim with confidence, not regret.
Unlike most financial decisions, claiming Social Security early is essentially permanent. You have a narrow 12-month window to withdraw your application and repay all benefits — after that, you're locked into a reduced benefit for life. There is no mulligan, no do-over, no way to reclaim the higher benefit you would have received by waiting.
Many people claim at 62 out of fear — fear that benefits will disappear, fear of missing out, or simply impatience. But claiming early when you didn't need to can cost tens of thousands of dollars over a lifetime. The right approach is to model the regret: what would it cost you if you claim early and live longer than expected? 62or70 quantifies this so you can make the decision with your eyes open.
Interactive Model — Adjust the controls to see the impact
Cumulative Payout
Yearly Payout: Both @ 70
After 12 months, you cannot undo your claiming decision. The reduced benefit you locked in at 62 stays with you — and your survivor — for life.
62or70 calculates exactly how much early claiming costs under different longevity scenarios, turning abstract worry into a concrete number you can plan around.
Running the numbers before you claim takes minutes. Living with the wrong decision lasts decades. Model it first.
This demo uses a fictional couple. Your situation is unique — enter your real details to get a personalized claiming strategy.