Social Security Calculator
Estimate your Social Security retirement benefits based on your earnings history.
Calculate Social Security Benefits
Based on your highest 35 years of earnings
About Social Security Benefits
Social Security provides retirement income based on your earnings history and the age when you start receiving benefits. Understanding these calculations helps with retirement planning.
Full Retirement Age by Birth Year
- 1937 and earlier: Age 65
- 1938-1942: Age 65 + 2 months per year
- 1943-1954: Age 66
- 1955-1959: Age 66 + 2 months per year
- 1960 and later: Age 67
Benefit Calculation Factors
- Earnings History: Based on highest 35 years of earnings
- Retirement Age: Earlier = reduced benefits, later = increased benefits
- Cost of Living: Benefits adjusted annually for inflation
- Maximum Earnings: Only earnings up to annual cap count
Claiming Strategies
- Early (62-FRA): Reduced benefits permanently
- Full Retirement Age: 100% of calculated benefit
- Delayed (FRA-70): 8% increase per year of delay
- Spousal Benefits: Up to 50% of spouse's benefit
Important Notes
- This is a simplified estimate - actual benefits may vary
- Create an account at ssa.gov for official estimates
- Benefits may be subject to federal income tax
- Medicare premiums may be deducted from benefits