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 interactive calculators are made available to you as self-help
tools for your independent use and are not intended to provide investment
advice. We 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. We encourage you to seek personalized advice from
qualified professionals regarding all personal finance issues.
