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See the monthly benefit amount for this example and other examples with maximum-taxable earnings. Monthly Benefit Amounts. Monthly retirement benefits derived from the PIA may be higher or lower than the PIA. We pay reduced benefits to one who retires before his/her normal retirement age.
The table shows Average Indexed Monthly Earnings (AIME)—an amount that summarizes a person's earnings—and the corresponding monthly benefit amounts. Retirement at age 70 produces the highest ratio of retirement benefit to AIME.
Social Security Quick Calculator. Benefit estimates depend on your date of birth and on your earnings history. For security, the "Quick Calculator" does not access your earnings record; instead, it will estimate your earnings based on information you provide. So benefit estimates made by the Quick Calculator are rough.
In 2024, the average Social Security benefit is $1,862 per month, while the maximum for those retiring at full retirement age is $3,822. Achieving the maximum requires earning the taxable...
Estimate your monthly Social Security retirement benefit using your age, income and when you want to retire. Use this Social Security benefits calculator to estimate your retirement...
The Average Social Security Benefit by Age. The Social Security Administration releases data to show how much beneficiaries receive every year. The following table depicts the average...
The calculator provides an estimate of your monthly Social Security retirement benefit, based on your earnings history and age. Our tool also helps you see what percentage of daily expenses your payments can cover and how you can increase your payment by waiting to collect.
According to March 2023 data, the average monthly Social Security check is: $1,833 for a retiree $8
90 percent of the first $1,174 of your AIME; plus 32 percent of any amount over $1,174 up to $7,078; plus 15 percent of any amount over $7,078. The sum of those three figures is your PIA, also known as your full or basic retirement benefit.
There is a three-step process used to calculate the amount of Social Security benefits you will receive. Step 1: Use your earnings history to calculate your Average Indexed Monthly Earnings (AIME). Step 2: Use your AIME to calculate your primary insurance amount (PIA).