“Who’s collecting SS at 60?”
Way to focus on the technicalities while missing the point. Change the ages to 62 and 67 and the result is the same.
If you file at age 62 and getting $2000 per month your accumulative amount is indeed $480,000.
If you wait five years to 67, you actually would be getting closer to $2700 per month for 15 years which would be $486,000.
Except in your example you under estimate the 5 year increase. It’s basically an 8% increase in benefit each year from 62-70,so if it’s 2000 at 62 then it’s about 2800 at 67.Lots if wrong info in this thread. If you have questions call the SSA, or go to their website SSA.gov and see your own benefit info. To calculate payback time on delayed benefit add up the early payment amount and divide it by the increase you would get That’s the number of months it would take to break even.