Social Security Retirement Estimator

A secure, comfortable retirement is every worker’s dream. And now because we’re living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did.

To help you decide when would be a good time to retire, you can visit the Social Security website and go to the Retirement Estimator Calculator. The Retirement Estimator gives estimates based on your actual Social Security earnings record. They can’t provide your actual benefit amount until you apply for benefits. And that amount may differ from the estimates provided because:

  • Your earnings may increase or decrease in the future.
  • After you start receiving benefits, they will be adjusted for cost-of-living increases.
  • Your estimated benefits are based on current law. The law governing benefit amounts may change because, by 2034, the combined trust fund reserves are projected to become depleted – the same as projected last year. Payroll taxes collected will be enough to pay only about 79 cents for each dollar of scheduled benefits.
  • Your benefit amount may be affected by military service, railroad employment or pensions earned through work on which you did not pay Social Security tax.

You can use the Retirement Estimator if you have enough Social Security credits at this time to qualify for benefits and

You are not:

  • Currently receiving benefits on your own Social Security record;
  • Waiting for a decision about your application for benefits or Medicare;
  • Age 62 or older and receiving benefits on another Social Security record; or
  • Eligible for a Pension Based on Work Not Covered By Social Security.

If you are currently receiving only Medicare benefits, you can still get an estimate.

If you cannot use the Retirement Estimator or you want a survivors or disability benefit estimate, please use one of the other benefit Calculators.

 

For more information visit https://www.ssa.gov/

 

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