Calculate my social security benefit at age 62

As such, it may prove helpful to calculate the Social Security break-even age in an effort to determine when total benefits received equal the same amount under different age elections. Compare retirement benefit estimates based on your selected date or age to begin receiving benefits with retirement estimates for ages 6 Full Retirement Age (FRA and 70. Then we use the average of your highest years of indexed earnings to calculate your Social Security benefit at full retirement age.

Here s How Much Social Security Benefits Are by Age and Income Level While there s no way for sure to know what your future Social Security benefit will be, this guide can help you get a ballpark. Your full retirement age is the age at which you are eligible to receive 1of your Social Security retirement benefit. When the Social Security Act was signed into law in 193 the retirement.

Benefit estimates depend on your date of birth and on your earnings history. For security, the Quick Calculator does not access your earnings record instea it will estimate your earnings based on information you provide. So benefit estimates made by the Quick Calculator are rough.

You can also input expected future income for inclusion in the estimate.

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