Couples Claiming Optimizer

Search every pair of claiming ages for a married couple, counting spousal benefits, the survivor benefit the higher earner's choice locks in, and both of your life expectancies.

You

$

Your spouse

$
%

Best expected

69 and 6 mo and 62

Your claim age, then your spouse's

Over both claiming at the earliest

+$53,128

Expected lifetime value, today's dollars

Monthly while both alive

$5,110

Survivor keeps $3,840

The best strategy, benefit by benefit

You, claiming at 69 and 6 mo

Own benefit
$3,840
Spousal top-up
$0
As a survivor
$3,840
Full retirement age
67
Life expectancy
80.9

Your spouse, claiming at 62

Own benefit
$770
Spousal top-up
$500
As a survivor
$3,840
Full retirement age
67
Life expectancy
84.3

Expected lifetime value by claiming age

You ↓ / Spouse →626364656667686970
62$720.5K$718.3K$714.8K$713.7K$710.9K$706.5K$700K$692.9K$685.4K
63$722.5K$720.4K$716.9K$715.8K$712.9K$708.5K$702.1K$695K$687.5K
64$722K$719.8K$716.4K$715.2K$712.4K$708K$701.5K$694.5K$687K
65$733.8K$732.1K$728.6K$727.5K$724.6K$720.2K$713.8K$706.7K$699.2K
66$745.3K$743.7K$741K$739.9K$737K$732.6K$726.2K$719.1K$711.6K
67$754.1K$752.4K$749.7K$748.1K$745.3K$740.9K$734.4K$727.4K$719.8K
68$765.8K$764.2K$761.6K$760K$757.1K$752.7K$746.2K$739.2K$731.7K
69$773K$771.3K$768.7K$767.1K$764.3K$760.4K$754K$746.9K$739.4K
70$772.7K$771.1K$768.5K$766.9K$764.1K$760.3K$757.9K$750.8K$743.3K

Whole-year ages. The best strategy above is refined month by month around the darkest cell.

Common rules of thumb

StrategyYou claimSpouse claimsHousehold monthlySurvivor monthlyExpected lifetime valueShort of best
Both at earliest6262$3,335$2,240 to $2,640$720,465$53,128
Both at full retirement age6767$4,800$3,200 to $3,200$740,886$32,707
Both at 707070$5,832$3,968 to $3,968$743,292$30,301
Higher earner at 70, other at earliest7062$5,238$3,968 to $3,968$772,687$906

Ten best whole-year pairs

StrategyYou claimSpouse claimsHousehold monthlySurvivor monthlyExpected lifetime valueShort of best
69 and 626962$4,982$3,712 to $3,712$772,967$626
70 and 627062$5,238$3,968 to $3,968$772,687$906
69 and 636963$5,037$3,712 to $3,712$771,316$2,278
70 and 637063$5,293$3,968 to $3,968$771,052$2,541
69 and 646964$5,092$3,712 to $3,712$768,726$4,868
70 and 647064$5,348$3,968 to $3,968$768,479$5,114
69 and 656965$5,165$3,712 to $3,712$767,137$6,456
70 and 657065$5,421$3,968 to $3,968$766,919$6,675
68 and 626862$4,684$3,456 to $3,456$765,842$7,751
69 and 666966$5,238$3,712 to $3,712$764,319$9,274

1,000 simulated pairs of lifetimes

StrategyUnlucky (10th pct.)TypicalLong lives (90th pct.)Beats best expected
Best expected$377,480$809,851$1,107,648
Both at earliest$427,224$751,727$953,84326%
Both at full retirement age$371,274$774,000$1,056,48212%
Both at 70$334,835$773,571$1,105,79417%
Higher earner at 70, other at earliest$370,145$812,897$1,115,70743%

In 45% of simulated marriages at least one of you reaches 90, and the survivor lives alone for 12.4 years on average. That stretch is what the higher earner's claiming age pays for.

How it works

Spousal benefits. A spouse whose own benefit is under half the other's gets the difference once both have filed, reduced 25/36 of 1% a month before their full retirement age and 5/12 of 1% beyond 36 months. Spousal benefits earn no delayed credits.

Survivor benefits. A survivor keeps the larger of their own benefit and the deceased's, including any delayed credits. If the deceased claimed early, the survivor gets no more than the larger of that reduced benefit and 82.5% of the deceased's full benefit. The model starts the survivor benefit at survivor full retirement age, or at once if already past it.

Life expectancy. Each spouse's death is drawn independently from the SSA 2021 period life table, scaled for health. Expected value weights every year of benefits, and every year either spouse might die in, by its probability.

Search. Every whole-year pair from 62 (or today's age) to 70 is valued, then the best pair is refined a month at a time within a year either way.

What it leaves out. Divorced-spouse benefits, child benefits and the family maximum, the government pension offset, the earnings test and taxes on benefits.