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Estimated monthly benefit

$2,345.00
Average monthly earnings
$5,000.00
Full benefit at full retirement age
$2,345.80
Full retirement age
804 months
Share of the full benefit
100%
Estimated yearly benefit
$28,140.00

This is arithmetic for general information, not financial advice.

Uses the benefit formula and bend points published by the Social Security Administration for each year of eligibility, 2015 through 2027. Re-checked in November 2026.

Social Security Calculator

See a simple estimate of a Social Security retirement benefit, and how claiming earlier or later changes it. This is an unofficial estimate from published rules. The real figures come from your own earnings record, which the Social Security Administration keeps and shows you on its website.

You enter your birth year, the average yearly earnings from your best 35 years, and the age you plan to start. The page does the rest.

How it works

Your average earnings per month, called AIME, is your average yearly earnings divided by 12. Use earnings that have been adjusted for wage growth, with zeros counted if you worked fewer than 35 years. Your statement from the Social Security Administration lists your own figures.

The full benefit at full retirement age, called PIA, is 90% of the first part of the monthly average, plus 32% of the next part, plus 15% of anything above that. The two cut points are the bend points for the year you turn 62. This page has them for births from 1953 to 1965.

Claiming before full retirement age cuts the benefit by 5/9 of 1% for each of the first 36 months early, and 5/12 of 1% for each month beyond that. Waiting past it adds 2/3 of 1% a month, up to age 70. Later cost-of-living increases are not included.

Worked example

For someone born in 1,964 with average earnings of $60,000.00 a year, the full benefit is $2,345.80 a month. Claiming at 67 pays 100% of that, which is $2,345.00 a month, or $28,140.00 a year.

Questions

What is full retirement age?

It depends on the year you were born. It is 66 for births through 1954, goes up two months a year, and is 67 for births in 1960 or later. The page shows yours in months.

Where do I find my real earnings?

Your Social Security statement, which you can view after signing in at the Social Security Administration website, lists your earnings by year and its own benefit estimates.

Why is the answer different from my statement?

This page uses one average figure and leaves out later cost-of-living increases, taxes, Medicare premiums and any benefits from a spouse's record. Your statement uses your actual year-by-year earnings.

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