Compliance Level 4: Financial Projection
Forward-looking estimates with assumptions
Estimate your Social Security benefit at different claiming ages, from 62 to 70.
Your average monthly earnings across your 35 highest-earning years
How your benefit changes by claiming age
| Claiming Age | Monthly Benefit |
|---|---|
| 62 (earliest) | $1,617.76 |
| 67 (full retirement age) | $2,311.08 |
| 70 (maximum) | $2,865.74 |
Important Disclaimer
This calculator provides estimates for educational purposes only. Results are based on the inputs you provide and standard financial formulas. They do not constitute financial, investment, tax, or legal advice. Consult a qualified professional before making financial decisions.
Average Indexed Monthly Earnings is your average monthly earnings across your 35 highest-earning years, wage-indexed to account for economy-wide wage growth. Your Social Security statement at ssa.gov/myaccount shows your actual earnings record — a rough estimate is your average monthly salary over your career.
Claiming before your full retirement age locks in a permanent reduction — up to 30% lower if you claim at 62 instead of 67 — because you're expected to receive the benefit over more years.
Delayed retirement credits add about 8% per year for each year you wait past full retirement age, up to age 70. This is one of the few guaranteed 8%-a-year "returns" available, which is why many planners recommend delaying if you can afford to.
No — this uses a simplified version of the real SSA formula and approximate 2025 bend points. Your actual benefit depends on your complete 35-year earnings history and the exact bend points for your birth year. Check your real estimate at ssa.gov/myaccount.
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Important Disclaimer
This calculator provides estimates for educational purposes only. Results are based on the inputs you provide and standard financial formulas. They do not constitute financial, investment, tax, or legal advice. Consult a qualified professional before making financial decisions.