How Much Will I Receive in Social Security? Calculator
Most Americans are counting on social security to provide at least a portion of retirement income. Use this calculator to estimate your social security benefit.
Current Age
Enter your current age.
Current Income
Enter your current income.
Wage Growth Percentage
Enter the percentage by which you expect your wages to grow. Typically, 3% - 5% per year.
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.
Anyone who lives, works, worships, or goes to school in Hartford County, CT and their families are eligible to join. See our website www.wlfcu.com for more information516 Spring StWindsor Locks, CT 06096860-292-2940www.wlfcu.com
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.