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Most Americans are counting on social security to provide at least at portion of retirement income. Use this calculator to estimate your social security benefit.
Current Age
Enter your current age. This number must be greater than 20.
Yearly Wage Growth
Enter the percentage at which you expect your wages to grow each year.
Current Annual Income
Enter your current annual income.
Inflation Rate
Enter the inflation rate you would like to use for this calculation. The historical average is 2-3%.
The table below outlines your estimated social security benefits at ages 62, 67 and 70. Your wages are projected forward based on the wage growth percentage you entered. If you retire before age 67 your full retirement benefit will be reduced by as much as 30%. The percentage of the full retirement benefit you receive will increase monthly as you approach age 67.
If You Retire at Age 62
Your estimated social security benefit if you retire at age 62.
If You Retire at Age 67
Your estimated social security benefit if you retire at age 67.
If You Retire at Age 70
Your estimated social security benefit if you retire at age 70.
Not a credit union member? You are probably eligible to join one. Find yours at www.CULookup.com today!
About.com's "Common Social Security Questions" provides answers to common social security questions.
SocialSecurity.gov is the official website of the U.S. Social Security Administration.
WSJ.com's "Retirement Planning" section offers articles on all aspects of retirement planning, including 401(k)s, investing, and other ways to supplement social security benefits.