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Social Security Analysis

Analyze your Social Security benefit at ages 62, 67, and 70, and see what percentage of your monthly expenses each scenario covers.

Average of your highest 35 years of indexed earnings.

Results

Primary Insurance Amount (PIA)$2,814.25
Monthly Benefit at 62$1,969.98
Monthly Benefit at 67 (FRA)$2,814.25
Monthly Benefit at 70$3,489.67
Expense Coverage at 6239.4%
Expense Coverage at 6756.3%
Expense Coverage at 7069.8%

📖What is it?

A Social Security analysis tool that calculates your PIA using 2024 bend points, then shows your estimated monthly benefit at three key claiming ages (62, 67, and 70). It also shows what percentage of your expected monthly expenses each benefit level would cover.

🎯How to use

Enter your average annual earnings (top 35 years), birth year, and expected monthly expenses in retirement. The calculator displays benefits at ages 62, 67, and 70, along with expense coverage percentages to help you decide when to claim.

💡Example scenario

Average earnings of $80,000/year: AIME = $6,667, PIA ≈ $2,814. At 62: ~$1,970 (39% of $5,000 expenses). At 67: $2,814 (56%). At 70: ~$3,489 (70%). Each delay significantly increases your coverage.

🏆Pro tip

Social Security is designed to replace about 40% of pre-retirement income for average earners. If your expenses are high, you will need substantial additional savings regardless of when you claim.