How do i find my estimated social security benefit

Please keep in mind that these are just estimates. We can’t provide your actual benefit amount until you apply for benefits. Compare retirement benefit estimates based on your selected date or age to begin receiving benefits with retirement estimates for ages 6 Full Retirement Age (FRA), and 70. They have stopped issuing the automated statements, but you can still request one.

You can print the request form out from SSA.

If you worked for fewer than years, you would use. First we take your annual income and we adjust it by the Average Wage Index (AWI), to get your indexed earnings. Provides accurate estimates of your retirement benefit at different ages by accessing your earnings record through a secure interface.

In addition, you must be permanently insured to use the Retirement Estimator. Your online Statement gives you secure and convenient access to your earnings records. It also shows estimates for retirement, disability and survivors benefits you and your family may be eligible for.

Step 1: Use your earnings history to calculate your Average Indexed Monthly Earnings (AIME).

Step 2: Use your AIME to calculate your Primary Insurance Amount (PIA). Can you afford to retire early and claim benefits at age 6 should you wait until your full. It’s easy to get at least a rough estimate of your retirement benefits. Unless you are really a finance geek (like I am), you probably will never need to download your data. The next tab is the estimated benefits tab.

Clicking here will show you the estimated benefits based on three different retirement ages. Your full retirement age (again, for me this is 67). Then, add up your adjusted income over those years and divide that toal by 420. Next, use SSA’s quick calculator to see if your calculation is the same as their.

Your benefit will be based on of a certain amount of your AIME, of. The AARP tool can also give you figures for every age in between, gauge the effect on your benefits of continuing to work and help you budget for your retirement years. Visit our website to find out more.

Social security estimated benefits. This tool is particularly useful for figuring out the income you’ll receive if you decide to retire at different ages. The numbers on this form disclose 1percent of the deceased worker’s estimated benefit at full retirement age.

Benefit estimates depend on your date of birth and on your earnings history. Your actual benefit amount may vary significantly. Use the calculator to calculate the percentage of the full retirement age benefit to which you are entitled. Once this is factore the total highest amount you earned in years is averaged out and then divided by how many months were in those years.

This leads us to the Average Indexed Monthly Earnings (or the AIME for short). It shows you the benefits that you’ll be entitled to when you retire, or if you need to file a claim for disability. The purpose of the form is to let you know what your benefits will be. For purposes of this calculation, assume this figure is $0and full retirement age is 66.

If you file for a spousal benefit before age 6 the percentage you receive depends upon your age. You put in a few pieces of information, and receive an accurate estimate of your SS benefits after the WEP reduction is factored in.