No. of Recommendations: 14
There are caculators that show the breakeven age, and I haven't seen a caculator that takes into account the investment return value that comes from early payment.

My SS early-or-late spreadsheet:

A 60 year old male can expect to live to 81. A 70 year old can expect to live to 84.

At 2.8% COLA and 5% earnings return, the 62 vs. 70 breakeven age is 98.
Or, if you apply COLA during the 8 year deferral period, the breakeven age is 83. The latter is probably correct (although most calculators don't do it).
Either way, the breakeven point is not significantly earlier than the average life expectancy.

If you can earn 7%, breakeven is age 87.
If you can earn 8%, breakeven is age 91.

At the bad end, is you can only earn 2.8% -- the same as the COLA, breakeven is age 80. FWIW, at 0%, BE is age 78.

Taking SS early, you are ahead for the first 18+ years. And I doubt that when I get to 83 that an extra $1000/mo will make any difference on my life-style.
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