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Data effective: 2026 tax year · Last updated: 2026-07-16

Social Security Calculator

Estimate your Social Security retirement benefits at claim ages from 62 to 70.

35-year indexed average (simplified)

Estimated Monthly Benefit

$2,346

$28,151/year

Full Retirement Age Benefit

$2,346

at age 67

Claim Age Adjustment

Full retirement age

Benefit by Claim Age

Claim AgeMonthlyAnnualvs. FRA
62$1,759$21,113−25.0%
63$1,877$22,520−20.0%
64$1,994$23,928−15.0%
65$2,111$25,336−10.0%
66$2,229$26,743−5.0%
67 (FRA)$2,346$28,151—
68$2,534$30,403+8.0%
69$2,721$32,655+16.0%
70$2,909$34,907+24.0%
Researched by CentCalc Financial Editorial TeamData: SSA PIA formula + bend points (2026)

How This Is Calculated

This calculator estimates your Social Security benefit using the same formula the SSA uses, simplified for planning purposes.

AIME (Average Indexed Monthly Earnings): Your average annual earnings over your highest 35 years, divided by 12. This calculator takes your average annual earnings as input (the actual SSA calculation indexes each year's earnings for inflation).

PIA (Primary Insurance Amount): The base benefit calculated from AIME using bend points. For 2026: 90% of the first $1,286 of AIME, plus 32% of AIME between $1,286 and $7,749, plus 15% of AIME above $7,749.

Claiming age adjustment: Your FRA (Full Retirement Age) is 67 for those born 1960+. Claiming early (as young as 62) permanently reduces benefits by 5/12 of 1% per month for each month before FRA. Delaying past FRA increases benefits by 2/3 of 1% per month up to age 70 (a 24% increase for waiting from 67 to 70).

Based on SSA 2026 bend points ($1,286 / $7,749) and PIA formula. FRA = 67 (born 1960+). Early reduction: 5/12 of 1%/month before FRA. Delayed credit: 2/3 of 1%/month after FRA, up to age 70.

Frequently Asked Questions

When should I claim Social Security benefits?
You can claim as early as 62, at full retirement age (FRA) of 67, or delay up to 70. Claiming early permanently reduces your benefit by up to 30%. Delaying past FRA increases your benefit by 8% per year up to age 70. The best age depends on your health, life expectancy, and other income sources.
How much Social Security will I get?
Your benefit is based on your Average Indexed Monthly Earnings (AIME) — the average of your highest 35 years of earnings. The PIA formula applies bend point percentages. The average retiree benefit in 2026 is about $1,907/month.
What is the full retirement age (FRA)?
Full retirement age is 67 for anyone born in 1960 or later. Those born between 1943-1954 have an FRA of 66, with gradual increases to 67 for those born 1955-1959.
Is Social Security going to run out?
The Social Security trust fund is projected to be depleted around 2033-2035, after which incoming payroll taxes would still cover about 75-80% of scheduled benefits. Congress is likely to address this through a combination of tax increases or benefit adjustments.
Can I work and collect Social Security at the same time?
Yes, but if you claim before FRA and earn above the earnings limit ($22,320 in 2026), $1 in benefits is withheld for every $2 earned above the limit. Once you reach FRA, there is no earnings limit.

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Estimates only. Actual benefits depend on your full earnings history. Use SSA.gov for your official estimate. Consult a financial advisor for retirement planning.