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May 27, 2014 · If you do not give a retirement date and if you have not reached your normal (or full) retirement age, the Quick Calculator will give benefit estimates for three different retirement ages. Select to see your benefit estimate in. today's dollars or inflated (future) dollars.
- Benefit Calculators
my Social Security Retirement Estimate. Compare retirement...
- Early Or Late Retirement
With delayed retirement credits, a person can receive his or...
- Quick Calculator FAQS
Because Social Security benefits are based on earnings, the...
- Benefits for Spouses
By a qualifying child, we mean a child who is under age 16...
- Benefit Reduction for Early Retirement
Benefit Calculators. How we compute retirement benefits....
- NRA
Normal Retirement Age; Year of birth Age; 1937 and prior:...
- Two Examples
We illustrate the calculation of retirement benefits using...
- Calculators
my Social Security Retirement Estimate. Compare retirement...
- Benefit Calculators
People also ask
How do I calculate my monthly retirement benefit?
How do I get my Social Security benefits?
What is a social security benefit calculator?
How do I view my retirement benefit estimates?
We illustrate the calculation of retirement benefits using two examples, labeled case A and case B. In each case, the worker retires in 2024. Case A, born in 1962, retires at age 62. Case B, born in 1958, retires at his normal (or full) retirement age.
YearCase A, Born In 1962(nominal Earnings)Case A, Born In 1962(indexing Factor)Case A, Born In 1962(indexed Earnings)1984$15,0863.9538$59,647198515,7793.792259,838198616,2983.682960,024198717,3923.462160,214Estimate your monthly Social Security retirement benefit using your age, income and when you want to retire. Use this Social Security benefits calculator to estimate your...
- Retirement Age Calculator. Find your full retirement age and learn how your monthly benefits may be reduced if you retire before your full retirement age.
- Windfall Elimination Provision (WEP) Calculator. Estimate if you are eligible for a pension based on work that was not covered by Social Security.
- GPO Calculator. Estimate of spouse benefits for yourself if you receive a pension from a government job in which you did not pay Social Security taxes. Your benefit may be offset by the Government Pension Offset (GPO).
- Detailed Calculator. Get the most precise estimate of your retirement, disability, and survivors benefits. The estimate includes WEP reduction. Must be downloaded and installed on your computer.
- What Does AARP’s Social Security Benefits Calculator do?
- How Does The Calculator Estimate My Retirement Benefits Payment?
- Who Is Eligible to Collect Social Security Retirement Benefits?
- How Is Social Security Funded?
- When Should I Start Collecting Social Security?
The calculator provides an estimate of your Social Security benefits, based on your earnings history and age. Our tool also helps you see what percentage of daily expenses your payments can cover, and how you can increase your benefits by waiting to collect. It can also tell you how your retirement earnings will be affected if you keep working afte...
Our simplified estimate is based on two main data points: your age and average earnings. Your retirement benefit is based on how much you’ve earned over your lifetime at jobs for which you paid Social Security taxes. Your monthly retirement benefit is based on your highest 35 years of salary history. You can get your earnings history from the Socia...
Workers who are at least age 62 and who have worked at least 10 combined years at jobs for which they paid Social Security taxes are eligible for Social Security retirement benefits. In many cases, spouses, widows and divorcees are eligible for Social Security retirement benefits based on a spouse’s or ex-spouse’s earnings history. Unmarried childr...
Primarily through a payroll tax. The current tax rate for Social Security is 6.2 percent for the employer and 6.2 percent for the employee — 12.4 percent total. If you’re self-employed, you have to pay the entire amount. The government collects Social Security tax on wagesup to $142,800 in 2021.
Ultimately, the decision of when to begin collecting Social Securityis one you have to make. It depends on your age, your health status, how much you spend and how much you have saved. It’s generally best to start collecting as late as you can, because you get a larger monthly payment, which is adjusted for inflation each year. Consider a retiree w...
Dec 8, 2023 · You can use Social Security's benefit calculators to: Estimate your retirement benefits based on when you would begin receiving them (from age 62 to 70) Calculate what payments you would receive based on your earning history; Find out your full retirement age; Learn about earning limits if you plan to work while receiving Social Security benefits
With your my Social Security account, you can plan for your future by getting your personalized retirement benefit estimates at age 62, Full Retirement Age (FRA), and age 70. You can also view retirement benefit estimates by: Entering the average annual income you expect to earn until retirement.
