Social Security Benefit Calculator
Estimate your monthly retirement benefits based on average earnings and retirement age.
Your Earnings & Timeline
Used to estimate your AIME (Average Indexed Monthly Earnings).
FRA is typically 67 for those born after 1960.
Estimated Monthly Benefit
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$ (Per Month)
Benefit Comparison
| Full Retirement Benefit (FRA): | — |
|---|---|
| Benefit if claimed at Age 62: | — |
| Benefit if claimed at Age 70: | — |
How Social Security Benefits Are Calculated
The **Social Security Calculator** estimates your benefit amount by approximating your **Primary Insurance Amount (PIA)**, which is the amount you receive if you retire at your **Full Retirement Age (FRA)** (currently age 67 for most people). The actual calculation uses an average of your highest 35 years of indexed earnings.
Benefit Adjustments (Retirement Age)
Your final monthly payment is heavily dependent on when you choose to start collecting:
- **Early Retirement (Age 62):** Results in a permanent reduction of up to $30\%$ of your FRA benefit.
- **Full Retirement Age (FRA, Age 67):** You receive $100\%$ of your calculated benefit (PIA).
- **Delayed Retirement (Age 70):** Results in delayed retirement credits, increasing your benefit up to $132\%$ of your FRA benefit.
⚠️ Disclaimer
This calculator uses simplified formulas and current (2024) average wage indexing factors for quick estimation only. **It does not factor in inflation, actual work history, or complex taxation.** For a precise projection, please use the official U.S. Social Security Administration tools.