To determine your social security benefit, you can use one of the calculators provided by the Social Security Administration (SSA) . The SSA offers a variety of calculators to help you plan for the future or to assist you with your needs now. The online benefits calculator is one such tool that can provide an accurate estimate of your retirement, disability, and survivors benefits. However, it requires access to your official earnings record in the SSA database, which can be obtained by creating or logging in to your my Social Security account.
Another option is to use the Social Security Quick Calculator, which is a rough estimate of your benefits based on information you provide, such as your date of birth and earnings history. Although the Quick Calculator makes an initial assumption about your past earnings, you will have the opportunity to change the assumed earnings after you complete and submit the form.
To get a more precise estimate of your benefits, you can download and install the Detailed Calculator on your computer. This calculator takes into account the Windfall Elimination Provision (WEP) reduction, which can affect your benefits if you receive a pension based on work that was not covered by Social Security.
You can also estimate your benefits by reviewing your Social Security Statement, which is available to view online by opening a my Social Security account. The Statement includes a bar graph displaying your personalized retirement benefit estimates at nine different ages, depending on when you want benefits to start. It also includes your earnings history and information on how to report an error if you find one.
In summary, to determine your social security benefit, you can use one of the calculators provided by the SSA, such as the online benefits calculator or the Social Security Quick Calculator. You can also download and install the Detailed Calculator on your computer or review your Social Security Statement by opening a my Social Security account.