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Electrical Workers No 558 Federal Credit Unionwww.ew558fcu.com
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.
Electrical Workers No 558 Federal Credit Union
Any one who is a member of the International Brotherhood of Electrical Workers Local Union 558 or who has an immediate family member that already belongs to the credit union is eligible to join.1705 E 17th StreetP.O. Box 806Sheffield, AL 35660-0806(256) 383-6551www.ew558fcu.com