BESTUTILS

Social Security Calculator

Estimate your Social Security benefits based on your earnings and retirement age

Personal Information

Current Age

Planned Retirement Age

Current Annual Income ($)

Years of Work Experience

Expected Annual Income Growth (%)

Understanding Your Benefits

Primary Insurance Amount (PIA)

Your benefit amount at full retirement age, calculated from your highest 35 years of earnings.

Cost of Living Adjustments

Annual increases to benefits based on inflation to maintain purchasing power.

Maximum Taxable Earnings

Income above this limit ($160,200 in 2023) is not subject to Social Security tax.

Credits Needed

You need 40 credits (10 years of work) to qualify for retirement benefits.

Important Disclaimer

This calculator provides estimates only and should not be considered as official Social Security Administration calculations. Actual benefits depend on your complete earnings history, which includes all years of Social Security-covered employment.

• For official estimates, create an account at ssa.gov
• Benefits may be subject to federal income tax
• Social Security rules and benefit amounts may change
• Consider consulting with a financial advisor for retirement planning

What is Social Security?

Social Security is a federal program that provides retirement, disability, and survivor benefits to eligible Americans. Benefits are based on your lifetime earnings and the age at which you start receiving benefits.

Key Facts:

• Benefits based on highest 35 years of earnings
• Full retirement age is 66-67 depending on birth year
• Early retirement reduces benefits
• Delayed retirement increases benefits

How to Use

Enter your current age (must be 18 or older)
Select retirement age when you plan to start benefits
Input current income (annual gross income)
Years worked contributing to Social Security
Income growth rate (expected annual increase)
Calculate to see estimated monthly benefits

Note: This is an estimate only. Actual benefits may vary based on your complete earnings history.

Retirement Ages

Age 62 75% of full benefit

Age 65 93% of full benefit

Age 67 100% (Full benefit)

Age 70 132% (Maximum)