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.
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.
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.
If you live, work, worship or attend school in Jefferson, Orange, Hardin, Jasper or Newton counties, you are eligible to join. Just stop in at any of our five stores and become part of the family. See website for details.3700 Skyline DriveP.O. Box 1366Nederland, TX 77627800-825-8829www.5pointcu.org