Social Security


Definitions

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 increase each year based on the rise in the Consumer Price Index. Including a spouse increases your Social Security benefits up to, but not over, the maximum. This calculator provides only an estimate of your benefits. Your actual benefit may be higher or lower depending on your work history and the complete compensation rules used by Social Security.

Current age
Your current age.

Age of retirement
Age you desire 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.

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



About This Calculator

YOUNG MONEY social security benefits calculator to help estimate social security retirement income.

Use this calculator to estimate your Social Security benefits.

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