Breakeven Points for Social Security Payments
This calculates and plots the cumulative payments from Social
Security
for the cases where benefits are started at age 62, 66, and 70.
Enter
your projected monthly payments in the fields below. You may also
include a time-value of money factor.
In the tabulated data, the values below the single dashed line are
for
when the cumulative payments for starting at age 66 are greater than
starting at 62. The values below the double dashed line are for when
the cumulative payments for starting at 70 are greater than starting
at
66 (and 62).
In the graph, the blues squares represent cumulative values for
starting payments at age 62, red horizontal bars for starting at 66,
and green vertical bars for 70.
Plotting is performed with the Canvas tag. Some older browsers do
not
support Canvas, so if you're using one, you won't see any plotting.
All the code is written
in Javascript; you can see it in most browsers by selecting View
Source.
I am not a financial advisor. Check with your personal consultant
before making any financial decisions.
Jeffrey Clymer • Homepage
• Email
Debut: March 25, 2012