Social Security Calculator

Description

🧓 Social Security Calculator – Estimate Your Benefits with Confidence

The Social Security Calculator helps you estimate your monthly retirement, spousal, and survivor benefits based on your earnings history, claiming age, and marital status. Use it to compare claiming strategies, understand reductions or credits, and plan how Social Security fits into your broader retirement income.

📘 What It Calculates

• ✅ Estimated monthly benefit at different claiming ages (e.g., 62, FRA, 70)

• ✅ Lifetime benefit comparisons across claiming strategies

• ✅ Spousal and survivor benefit estimates

• ✅ Impact of earnings test if you work before Full Retirement Age (FRA)

• ✅ Adjustments for cost-of-living increases (COLA) (estimation)

💡 Key Features

• ⏳ Compare early vs. delayed claiming scenarios (reductions & delayed credits)

• 👥 Includes spousal/survivor benefit modeling

• 💼 Accounts for ongoing work and the earnings test before FRA

• 📊 Simple visual summary of break-even ages and lifetime payouts

👤 Who Should Use This

• Near-retirees deciding when to claim benefits

• Couples optimizing spousal and survivor strategies

• Financial planners integrating Social Security into retirement income

• Anyone assessing Social Security as part of a retirement plan

✅ Pro Tip

Delaying benefits beyond your Full Retirement Age can increase payments via delayed retirement credits (up to a maximum at age 70). Run multiple scenarios to find your break-even age and the strategy that best fits your health, work plans, and cash-flow needs.

🔗 Related Tools You May Like

• 🏖️ Retirement Calculator – Plan total retirement income needs

• 💵 Pension Calculator – Estimate employer pension payouts

• 📈 Investment Calculator – Project growth of savings and investments