Social Security Calculator
A rough estimate of your monthly Social Security retirement benefit at 62, full retirement age and 70, from birth year and average earnings. How it works
Use the Social Security Calculator
About the Social Security Calculator
Average earnings of $60,000 a year over 35 years give an estimated retirement benefit of $2,345 a month at a full retirement age of 67, $1,642 at 62 and $2,908 at 70, in today’s dollars. The Social Security calculator applies SSA’s benefit formula to the average you enter, so the result is a rough estimate and not a statement of your benefits. An optional spousal benefit adds half of that PIA, less the spouse’s own: $1,172 a month at the spouse’s full retirement age, or $762 if the spouse starts at 62.
Estimated monthly benefit by average earnings
| Average annual earnings | Primary insurance amount | At 62 | At 67 | At 70 |
|---|---|---|---|---|
| $40,000 | $1,812.40 | $1,268 | $1,812 | $2,247 |
| $60,000 | $2,345.80 | $1,642 | $2,345 | $2,908 |
| $80,000 | $2,879.00 | $2,015 | $2,879 | $3,569 |
| $100,000 | $3,313.10 | $2,319 | $3,313 | $4,108 |
| $120,000 | $3,563.20 | $2,494 | $3,563 | $4,418 |
| $140,000 | $3,813.10 | $2,669 | $3,813 | $4,728 |
| $160,000 | $4,063.10 | $2,844 | $4,063 | $5,038 |
Born in 1964 or later (full retirement age 67, 2026 bend points), 35 years with earnings, today’s dollars. The earnings you enter stand in for the wage-indexed average SSA works out from your record, so these are estimates. The figures at 70 show every delayed retirement credit applied.
Share of the full benefit by the age benefits start
| Age benefits start | Full retirement age 66 (born 1953 or 1954) | Full retirement age 66 and 6 months (born 1957) | Full retirement age 67 (born 1960 or later) |
|---|---|---|---|
| 62 | 75% | 72.5% | 70% |
| 63 | 80% | 77.5% | 75% |
| 64 | 86.67% | 83.33% | 80% |
| 65 | 93.33% | 90% | 86.67% |
| 66 | 100% | 96.67% | 93.33% |
| 67 | 108% | 104% | 100% |
| 68 | 116% | 112% | 108% |
| 69 | 124% | 120% | 116% |
| 70 | 132% | 128% | 124% |
Percent of the primary insurance amount when benefits start at that birthday. The reduction is 5/9 of 1% a month for the first 36 months before full retirement age and 5/12 of 1% a month beyond that. The delayed retirement credit is 2/3 of 1% a month, up to age 70.
PIA formula bend points by year of eligibility
| Year you turn 62 | First bend point | Second bend point |
|---|---|---|
| 2015 | $826 | $4,980 |
| 2016 | $856 | $5,157 |
| 2017 | $885 | $5,336 |
| 2018 | $895 | $5,397 |
| 2019 | $926 | $5,583 |
| 2020 | $960 | $5,785 |
| 2021 | $996 | $6,002 |
| 2022 | $1,024 | $6,172 |
| 2023 | $1,115 | $6,721 |
| 2024 | $1,174 | $7,078 |
| 2025 | $1,226 | $7,391 |
| 2026 | $1,286 | $7,749 |
Monthly amounts from SSA. The primary insurance amount is 90% of average indexed monthly earnings up to the first bend point, 32% from the first to the second and 15% above the second.
Frequently asked questions
- How is a Social Security benefit calculated?
- SSA averages your 35 highest years of wage-indexed earnings into a monthly figure rounded down to the dollar, applies 90%, 32% and 15% to the three slices set by the bend points, and adjusts the result for the age you start. This tool replaces your indexed earnings record with the single average you type, which is the main reason it is only an estimate.
- How much is Social Security reduced if I claim at 62?
- With a full retirement age of 67, starting at 62 pays 70% of the full amount, a 30% reduction. On a full benefit of $2,345 that is $1,642 a month. With a full retirement age of 66 it is 75%.
- How much more do I get by waiting until 70?
- 8% of the full benefit for each year past full retirement age, with nothing added after 70. From a full retirement age of 67 that is 124%: $2,908 a month instead of $2,345. SSA notes that if you start before 70, some of the credits are not applied until the following January. The tool does not model that delay and shows all credits applied.
- What is my full retirement age?
- It is 66 if you were born from 1943 to 1954, rises by two months a year for 1955 to 1959, and is 67 if you were born in 1960 or later. SSA treats a January 1 birthday as the previous year, which the tool does not do for you: enter the previous year. It takes birth years from 1953 to 2010, because its bend point table starts with 2015, the year people born in 1953 turned 62.
- What if I worked fewer than 35 years?
- The missing years count as zero. $60,000 a year for 25 years averages $3,571 a month over 35 years, and the estimate at 67 falls from $2,345 to $1,888. With fewer than 10 years of earnings the tool shows no benefit, because SSA requires 40 credits for a retirement benefit and you can earn at most four a year. Count only years that earned all four: in 2026 one credit takes $1,890 of earnings, so four take $7,560.
- Is there a maximum income that counts toward Social Security?
- Yes. Earnings above the contribution and benefit base, $184,500 for 2026, are not counted. Enter $250,000 and the tool caps it at $184,500, which gives an estimate of $4,369 a month at 67. That is this tool’s figure for those inputs, not SSA’s published maximum benefit.
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