The Social Security Benefits Financial Calculator is designed to help you estimate your Social Security benefits. Remember, this is only an estimate. Your actual social security benefits may vary depending on your actual work history and income.
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 can automatically increase each year based on increases 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
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 2004.
Are You Married Check this box if you are married. Married couples have a higher maximum Social Security benefit than single wage earners
Information and Free Online Financial Calculators are made available to you as a valued added service from FeeOnlyAdvisors.com for use as self-help tools for your independent use and are not intended to provide investment advice. FeeOnlyAdvisors.com can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. FeeOnlyAdvisors.com encourages you to seek personalized advice from qualified fee-only advisor regarding all personal finance issues.