How much ss will i draw

Aim high and save as much as you can. Baby steps. What is an Index Fund? How Does the Stock Market Work? What are Bonds? Investing Advice What is a Fiduciary? What is a CFP? I'm an Advisor Find an Advisor. Your Details Done. This impacts the amount of benefits that you will receive. Do this later Dismiss. Annual Income. We'll use this to calculate your social security benefits. Retirement Age. Enter your retirement age. Marital Status.

Enter your marital status Single Married. Spouse Details. Enter your spouse year of birth Do this later Dismiss. Spouse Income. Enter your spouse total pre-tax annual income. Enter your partner retirement age. Annual General Inflation. The annual payment you receive from Social Security is based on your income, birth year, and the age at which you elect to begin receiving benefits.

My social security election age:. My annual Social Security benefit The earliest you can begin receiving benefits is at age My spouse's social security election age:. Meet the Editors. Find out your estimated Social Security benefits. Check the Social Security Administration's Math Your statement includes a record of the earnings on which you've paid taxes and an estimate of the benefits you will receive at various retirement ages: 62, 67, and How to Correct an Error on Your Social Security Statement If you have evidence of your covered earnings in the year or years for which you think Social Security has made an error, call Social Security's helpline at , Monday through Friday, from 7 a.

Using Your Benefit Estimates As your statement will show, your Social Security retirement benefits will vary depending on when you claim them before or after your full retirement age , depending on the year you were born. Disability Law. Social Security Disability. Long-Term Disability. Veterans Disability.

State Short-Term Disability. Hiring a Disability Lawyer. Disability for Specific Illnesses. Long-Term Care. Nolo's Guide to Social Security Disability. See All Disability Law Articles. Talk to a Disability Lawyer Need a lawyer? Start here. Zip Code. A financial advisor who fully understands this process can help verify your calculations, advise you on when to start Social Security benefits, and estimate the future benefits you can expect to receive.

Understanding this benefits calculation process may allow you to have increased confidence that your benefits are fairly secure, regardless of any future actions taken by Congress to deal with Social Security shortfalls. The SSA has invested vast resources in the records, systems, and software required to perform these calculations for millions of Americans.

As you can see, minimum benefits become locked in based on calculations made between the ages of 60 and When you move into that age range, you may be less vulnerable to any changes made to the system in the future. Congressional Research Service.

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Getting Benefits. Benefits and Your Income. Benefits for Spouses. Benefits for Dependents, Survivors, After Divoce. Immigrants, Non-Citizens, Americans Abroad. Smart Benefits Strategies. Retirement Planning Social Security. Table of Contents Expand. Estimating Your SS Income. Step 2: Bend Your Benefits. Step 3: Adjustments to PIA. Calculating Benefits in Excel. The Bottom Line.