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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.
Social Security Quick Calculator. Benefit estimates depend on your date of birth and on your earnings history. For security, the "Quick Calculator" does not access your earnings record; instead, it will estimate your earnings based on information you provide. So benefit estimates made by the Quick Calculator are rough.
This online Social Security benefits calculator estimates retirement benefits based on your age, retirement date and earnings. See what you might receive.
There is a three-step process used to calculate the amount of Social Security benefits you will receive. Step 1: Use your earnings history to calculate your Average Indexed Monthly Earnings (AIME). Step 2: Use your AIME to calculate your primary insurance amount (PIA).
Quick Calculator. Estimate of your benefits in today's dollars or future dollars when you input your date of birth and this year's earnings. The estimate does not include WEP reduction. Provides a listing of the calculators you can use to figure your retirement, disability and survivors benefits.
The calculator provides an estimate of your monthly Social Security retirement benefit, 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 payment by waiting to collect.
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