- The adjusted gross income for every year you worked
- The current estimated amount of Social Security benefits you will receive when you retire at three different age levels, starting at age 62.
Your Social Security benefits are adjusted to show how the monthly benefit amount you receive will change depending on your age at retirement. The longer you continue to work (and pay into the Social Security system) the more you can expect to receive in benefits once you retire.
Of course, this assumes that Social Security will continue to pay benefits at current levels. You’ve probably heard that Social Security is in financial trouble, and the Social Security Administration reports that funds are declining from year to year.
But let’s put financial worries aside for a moment and pretend that Social Security is going to be there when you need it. You want to know how much you can expect to earn in Social Security benefits, based on:
- The income you expect to earn from working at your job
- How many years you expect to continue working
Use the Social Security Benefits Calculators
The Social Security office provides three different types of earnings calculators, so you have the options of getting a very basic general estimate of Social Security benefits one that’s more accurate.
You will be able to estimate your potential monthly benefit amounts using different retirement dates and levels of future earnings. You will also see disability and survivor benefits you will receive if you become disabled or die.
See: Social Security Benefits Calculators
Note: This is also a good place to look for answers to questions about your annual Social Security statement, and to correct name or address changes, or incorrect information about your annual earnings.
