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Estimate your monthly Social Security retirement benefit from your average earnings, and compare claiming at 62, full retirement age or 70.
How much Social Security will I get?
2026 formula, today’s dollars, assumes 35 years of work. Not an official SSA estimate.
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Social Security benefits calculator: what it is for
Enter your birth year and your average yearly earnings in today's dollars. The calculator estimates your average indexed monthly earnings, applies the 2026 benefit formula (90%, 32% and 15% bend points) and shows your monthly benefit at every claiming age from 62 to 70.
It is an estimate for planning; your official statement at ssa.gov uses your real earnings record.
How to use
- Enter your birth year.
- Enter your average yearly earnings.
- Choose a claiming age and compare the table.
When to use it
- Deciding when to claim Social Security.
- Planning retirement income.
- Understanding the cost of claiming early.
Frequently asked questions
How is the benefit calculated?
Social Security averages your 35 highest years of indexed earnings (AIME) and applies a formula: 90% of the first $1,286, 32% up to $7,749 and 15% above (2026 bend points). That is your benefit at full retirement age.
What is my full retirement age?
67 for anyone born in 1960 or later. It is between 66 and 67 for people born from 1955 to 1959.
How much do I lose by claiming early?
Claiming at 62 cuts the benefit by up to 30% for life. Waiting past full retirement age adds 8% a year until 70.
How accurate is this?
It is a rough estimate in today's dollars that assumes you work 35 years at the average you enter. For your real numbers, sign in to my Social Security at ssa.gov.
Is it really free?
Yes, 100% free. No sign-up, no subscription and no usage limits. All Tools123 tools are free and run right in your browser.