Social Security Benefit Calculator
Retirement Benefit Estimator
Estimate your Social Security retirement benefit based on AIME and claiming age
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Formula
PIA = 90% × first $1,174 AIME + 32% × AIME $1,174-$7,078 + 15% × AIME over $7,078. Early reduction: 5/9% per month for first 36 months + 5/12% per month beyond. Delayed credit: 8% per year (2/3% per month) after FRA.
Frequently Asked Questions
When should I claim Social Security?
It depends on your health, finances, and life expectancy. Claiming at 62 gives the smallest monthly benefit (about 30% less than FRA). Waiting until 70 gives the largest benefit (24% more than FRA). If you expect to live past ~80, delaying usually pays more in total lifetime benefits.
What is the maximum Social Security benefit?
The maximum benefit depends on your claiming age. In 2024, the maximum at age 62 is about $2,710/month, at FRA (67) about $3,822/month, and at age 70 about $4,873/month. To receive the maximum, you need 35 years of earnings at or above the taxable maximum.
Can I work while collecting Social Security?
Yes, but if you're under FRA, benefits are reduced by $1 for every $2 earned above $22,320 (2024). In the year you reach FRA, the reduction is $1 for every $3 above $59,520. After FRA, there's no earnings limit.
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