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Social Security
Social Security benefits estimator
How It Works
Free social security calculator to estimate retirement benefits based on age, earnings history, and claiming strategy.
Social Security is a social insurance program in the U.S. that provides retirement, disability, and survivor benefits. The retirement benefit is based on your average indexed monthly earnings (AIME) during your 35 highest-earning years and the age at which you claim benefits.
The full retirement age (FRA) is 67 for those born in 1960 or later. Claiming benefits before FRA results in permanently reduced benefits, while delaying benefits past FRA results in increased benefits (8% per year up to age 70). The decision of when to claim Social Security is one of the most important financial decisions in retirement planning.
Social Security was designed to replace approximately 40% of the average worker's pre-retirement income. For many retirees, it represents a significant portion of their retirement income, making it essential to understand how claiming strategies affect lifetime benefits.
Results
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Quick Tips
- • Results update automatically as you type
- • Use Tab to navigate between fields
- • Press Enter to calculate