Social Security Retirement Calculator
Use this Social Security retirement calculator to estimate monthly benefits at age 62, full retirement age, and age 70. It uses birth year, birth month, current age, last year’s earnings, years worked, and average annual salary increase.
How to use this calculator
Enter your birth year and birth month, current age, last year’s earnings, years worked, and average annual salary increase. The calculator returns full retirement age benefit, age 62 benefit, age 70 benefit, early retirement reduction, delayed retirement credits, and AIME.
How it works
The form estimates covered earnings, applies a taxable earnings cap, calculates average indexed monthly earnings, then estimates a Primary Insurance Amount. It adjusts the result for early claiming and delayed claiming.
The 420 divisor represents 35 years of monthly earnings. The calculator uses simplified bend-point logic and full retirement age rules by birth year.
Worked example
For a person born in 1960, the form uses full retirement age 67. If the estimated full retirement age benefit is 2,000 dollars per month, the age 62 estimate is reduced and the age 70 estimate is increased according to the calculator’s early and delayed claiming rules.
Retirement context
Social Security is only one retirement income source. Compare estimates with the retirement age calculator, pension calculator, and savings goal calculator. Actual benefits may change with law, earnings records, and cost-of-living adjustments.