Social Security Benefits Calculator

Do you wonder how much you might receive in Social Security? Use this calculator to help you estimate your Social Security benefits. Remember, this is only an estimate. Your actual benefits may vary depending on your actual work history and income.

You may get a security message from JAVA and be asked to click or give permission for the calculator to run.  It is okay and safe to click for permission.

[calculator type=”social-security-calculator” /]

Social Security Income

Social Security is based on a sliding scale depending on your income, how long you work and at what age you retire. Social Security benefits automatically increases each year based on increases in the Consumer Price Index. Including a spouse increases your Social Security benefits by 1.5 times your individual estimated benefit. Please note that this calculator assumes that only one of the spouses work. Benefits could be different if your spouse worked and earned a benefit higher than one half of your benefit. If you are a married couple, and both spouses work, you may need to run the calculation twice – once for each spouse and their respective income.

This Social Security calculator provides only an estimate of your benefits. The calculations use the
2008 FICA income limit of $102,000 with an annual maximum Social Security benefit of $26,220 per year for a single person and 1.5 times this amount for a married couple. To receive the maximum benefit would require earning the maximum FICA salary for nearly your entire career. You would also need to begin receiving benefits at your full retirement age of 66 or 67 (depending on your birthdate). Your actual benefit may be lower or higher depending on your work history and the complete compensation rules used by Social Security.

Current age

Your current age.

Age of retirement

Age you wish to retire.

Household Income

Your total household income. If you are married, this should include your spouse’s income.

Expected salary increase

Annual percent increase you expect in your household income.

Expected rate of inflation

What you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has a long-term average of 3.1% annually, from 1925 through 2007. The CPI for 2007 was 2.4%, as reported by the Minneapolis Federal Reserve.

Are you married?

Check this box if you are married. Married couples have a higher maximum Social Security benefit than single wage earners.

  • james c riddick

    i currently receive annuity from the government annually of $57,552 if i retire at age 64 and continue to receive my annuity, how will my estimated soc security monthly benefit of $866 monthly be affected?

    • bobrichards

      Social Security payments are reduced is EARNED income is above a certain level. Earnings form annuities, dividends, interest are UNEARNED income and do not count. There is no change on your social security benefit by receiving annuity income. You of course will be less than your full retirement age (likely 66) and will not get your 100% social security benefit as you will be starting early payments.

  • Judith Severino

    does annual income include pension and income from retirement accounts or just income you earn from working?

    • bobrichards

      It depends for what you are measuring.
      “earned income” does NOT include pension or income from any investments
      That means you do not pay self employment tax (i.e. social security) tax on them.
      However, they are subject to federal income tax (but not necessarily state income tax as various states exempt pension and income from retirement accounts.
      So your question is not quite precise to answer exactly.

  • Maria Esquivel

    If you work as a truck driver and they pay you in 1099 misc. How do you go about setting up to pay social security benefits.

    • bobrichards

      each year, when you file your tax return, there is also a place on the return for self-employment tax which is the contribution to social security and medicare. Many self-employed people will pay their taxes quarterly because if you dont, you could have a penalty for waiting a full year.