Social Security Calculator
Calculate your estimated Social Security retirement benefits based on your earnings, retirement age, and other factors. Understand how different claiming strategies affect your benefits.
Step 1: Personal Information
Understanding Social Security Benefits
Your Social Security benefits are based on your highest 35 years of earnings. Claiming before full retirement age reduces benefits, while delaying increases them up to age 70.
Step 2: Benefit Options
About Full Retirement Age
Full Retirement Age (FRA) depends on your birth year. For those born 1960 or later, FRA is 67. Claiming at 62 reduces benefits by 30%, while delaying to 70 increases them by 24%.
Social Security Benefit Results
Estimated Monthly Benefit at Retirement
Social Security Benefit Comparison by Age
| Claiming Age | Monthly Benefit | Annual Benefit | Reduction/Increase | Break-Even Age |
|---|
Lifetime Benefit Analysis
Social Security Calculation Factors
Primary Insurance Amount (PIA) = Based on Average Indexed Monthly Earnings (AIME)
Your benefit is calculated using your highest 35 years of earnings, adjusted for inflation. The formula applies three brackets: 90% of first $1,115, 32% of next $5,606, and 15% of remainder up to the maximum taxable earnings.
Need Retirement Planning Advice?
Connect with our certified financial advisors for personalized retirement planning, Social Security claiming strategies, and comprehensive financial advice for your golden years.
Schedule a Consultation