Social Security Benefits Calculator 2026
Estimate your retirement benefit at any claiming age — includes AIME, PIA, FRA, WEP adjustments, and lifetime projections.
Date of Birth
Current Age
56 years old
Full Retirement Age
67
Earnings History
Your average wage in years already worked
2026 Social Security wage base: $168,600
Expected raise/inflation in future years
When Will You Claim?
Work while receiving benefits?
Before reaching full retirement age
Government Pension / WEP
Pension not covered by Social Security?
E.g., FERS, CSRS, state/local government pension
Estimated Benefit at Age 67
$2,810
per month
Calculation Details
Benefits by Claiming Age (62–70)
See how your monthly benefit changes based on when you claim
| Age | Monthly | Annual |
|---|---|---|
| 62 | $1,954 | $23,450 |
| 63 | $2,094 | $25,125 |
| 64 | $2,233 | $26,800 |
| 65 | $2,419 | $29,034 |
| 66 | $2,606 | $31,267 |
| 67FRAYour choice | $2,792 | $33,500 |
| 68 | $3,015 | $36,180 |
| 69 | $3,238 | $38,861 |
| 70 | $3,462 | $41,541 |
How Social Security Benefits Are Calculated
1. Your AIME
Social Security calculates your Average Indexed Monthly Earnings (AIME) using your highest 35 years of wage-indexed earnings. Years with no earnings count as $0 — so working at least 35 years maximizes your benefit.
2. Your PIA at FRA
Your Primary Insurance Amount (PIA) is derived from your AIME using 2026 bend points. You receive 90% of the first $1,174 of AIME, 32% of the next $5,904, and 15% of AIME above $7,078.
3. Early or Delayed Claiming
Claiming before your Full Retirement Age permanently reduces your benefit — up to 30% at age 62. Delaying past FRA adds 8% per year (up to age 70), for a maximum 24% bonus.
4. WEP & Earnings Test
If you have a government pension not covered by Social Security (e.g., CSRS), the Windfall Elimination Provision may reduce your benefit. Working while claiming early may also trigger the earnings test.
When Should You Claim Social Security?
The optimal claiming age depends on your health, other income, and life expectancy. Here's what the numbers say:
Age 62
Permanently reduced up to 30%. Best if health is poor or you need income now.
Age 67
100% of your PIA. Best baseline. No reduction, no bonus.
Age 70
+24% vs FRA. Best if you're healthy and expect to live past the break-even age (~80–82).
Frequently Asked Questions
Important Disclaimer
This calculator provides estimates based on 2026 Social Security rules, bend points, and wage base limits. Actual benefits depend on your complete earnings history as reported to the SSA.
For your official benefit estimate, visit SSA.gov/myaccount. This calculator does not include spousal, survivor, disability, or dependent benefits. Consult a licensed financial advisor for personalized retirement planning.