Social Security Benefits Calculator
Simplified benefit sketch — career average × claim-age factor × replacement rate. Click any i for detail.
Earnings & claiming
Career avg annual earnings ($)
i
Earnings
Rough average annual earnings over your career. |
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|---|---|
Claiming age
i
Age
Illustrative factors: 62→0.7, 67→1.0, 70→1.24. |
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Replacement rate (0–1)
i
Replace
Fraction of average monthly earnings; default 0.40. |
How to use this calculator
- Enter a career-average annual earnings figure.
- Choose claiming age 62, 67, or 70.
- Set a replacement-rate fraction (default 0.40).
- Read monthly and annual sketches — then verify with SSA.
Results explained
This educational sketch multiplies average monthly earnings by a claiming-age factor and a replacement rate. It is not SSA’s PIA/AIME bend-point formula, WEP/GPO, or COLA indexing.
Quick reference: claim factors
monthly ≈ (careerAvg/12) × factor × replacementRate.
| Item | Detail |
|---|---|
| Age 62 | Factor 0.70 |
| Age 67 | Factor 1.00 |
| Age 70 | Factor 1.24 |
| Default replace | 40% |
Verify estimates on SSA.gov — not a benefit award.
How the estimate is built
monthly = (careerAvgAnnual/12) × factor(claimAge) × replacementRate.
Example scenario
$60k career avg, age 67, 40% → about $2,000/mo.
FAQ
Is this my SSA estimate?
No — use your my Social Security account for official figures.
What is replacement rate?
A simple fraction of average monthly earnings; adjust if you know a better sketch.
Spousal benefits?
Not modeled.
COLA?
Not applied year by year.