Social Security Benefit Projection
Year to begin displaying data
You must be at least 62 to begin collecting benefits
Estimated average yearly earnings used to calculate benefit
Cost-of-Living Adjustment applied annually after claiming
Number of years to show benefit projections
- This calculator uses a simplified formula to estimate Social Security benefits. It assumes a linear relationship between income and the Primary Insurance Amount (PIA), and uses your claiming age to adjust the benefit according to Social Security Administration (SSA) rules.
- The annual benefit increases each year after claiming based on your specified Cost-of-Living Adjustment (COLA), which averages around 2.6% historically but is not guaranteed.
- This tool assumes you begin collecting benefits at a fixed age and continue receiving them annually for the number of years you specify. It does not account for taxes, spousal benefits, or income-related reductions.