Social Security retirement income estimator

Depending upon your current earnings, Social Security can be a significant part of your retirement income. However, many factors will impact the benefit you may receive. Use this calculator to approximate your Social Security benefit. For a more accurate estimate, taking into account your earnings history, contact the Social Security Administration at 1-800-772-1213 or visit www.ssa.gov.

Your Information

Average annual earned income ?

Your average yearly earned income over your working career, used to estimate your Social Security benefit.

Current age

Social Security retirement age ?

The age at which you plan to start claiming Social Security benefits.

Spouse Information (if applicable)

Average annual earned income ?

Your spouse's average yearly earned income over their working career.

Current age

Social Security retirement age ?

The age at which your spouse plans to start claiming Social Security benefits.

Common Assumptions

Advanced options 1

Social Security inflation rate ?

The assumed annual rate at which Social Security benefits grow over time.

10 Year Historic Inflation Rate. 10-year U.S. inflation average 2.9% 2015 0.1%, 2016 1.3%, 2017 2.1%, 2018 2.4%, 2019 1.8%, 2020 1.2%, 2021 4.7%, 2022 8.0%, 2023 4.1%, 2024 2.9% Source U.S. Department of Labor

Enter your values and select Calculate.

The combined annual benefit is Social Security's estimate of what you (and your spouse, if included) would receive each year at the claiming ages you chose, while income replaced shows how much of your current earned income that benefit is projected to cover. Neither figure is a guarantee - it's a projection built from the ages, income, and inflation assumption you entered.

The two inputs that move these numbers the most are your claiming age and your average earned income. Claiming earlier generally lowers the monthly and annual benefit; waiting past your normal retirement age raises it. If you want to see the tradeoff, try moving the Social Security retirement age slider for you or your spouse and watch how combinedIncome and percentReplaced respond.

This estimate doesn't account for taxes on benefits, other retirement income or savings, changes in your earnings history, or actual future Social Security policy, which can shift the inflation adjustment or benefit formula over time. Treat the percentage replaced as a planning signal, not a promise of what Social Security alone will provide in retirement.

It's worth revisiting this calculation whenever your income changes meaningfully, as you get closer to a claiming decision, or roughly once a year as part of a broader retirement review - especially if you're weighing an earlier versus later claiming age. Having even a rough estimate like this one puts you ahead of most people, and small adjustments to claiming age or savings now can meaningfully change the picture later.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.