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how to calculate my social security retirement benefits

by Ruth Dietrich Published 2 years ago Updated 1 year ago
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How do you find out how much Social Security you will get when you retire?

Estimate Your Benefits If you have a personal my Social Security account, you can get an estimate of your personalized retirement benefits and see the effects of different retirement age scenarios. If you don't have a personal my Social Security account, create one at www.ssa.gov/myaccount.

How do you calculate what your Social Security will be?

Our simplified estimate is based on two main data points: your age and average earnings. Your retirement benefit is based on how much you've earned over your lifetime at jobs for which you paid Social Security taxes. Your monthly retirement benefit is based on your highest 35 years of salary history.

How much Social Security will I get if I make $75000 a year?

about $28,300 annuallyIf you earn $75,000 per year, you can expect to receive $2,358 per month -- or about $28,300 annually -- from Social Security.

How much Social Security will I get if I make $60000 a year?

That adds up to $2,096.48 as a monthly benefit if you retire at full retirement age. Put another way, Social Security will replace about 42% of your past $60,000 salary. That's a lot better than the roughly 26% figure for those making $120,000 per year.

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