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Social Security Estimator

Estimate your Social Security benefit using 2024 PIA bend points and age-based adjustment factors for claiming ages 62 through 70.

Average of your highest 35 years of indexed earnings.

Results

Average Indexed Monthly Earnings (AIME)$5,833.33
Primary Insurance Amount (PIA)$2,547.59
Estimated Monthly Benefit$2,547.59
Estimated Annual Benefit$30,571.04

📖What is it?

A Social Security benefit estimator that uses the 2024 PIA formula with official bend points ($1,174 and $7,078). Your benefit is calculated from your Average Indexed Monthly Earnings (AIME) using a progressive replacement formula, then adjusted for early or delayed claiming relative to Full Retirement Age.

🎯How to use

Enter your average annual earnings (top 35 years), birth year, and when you plan to claim. The calculator computes your AIME, Primary Insurance Amount (PIA), and adjusted monthly benefit. For those born 1960 or later, Full Retirement Age is 67.

💡Example scenario

Earning an average of $70,000/year: AIME = $5,833. PIA ≈ $1,056 (first bend) + $1,491 (second bend) + $0 = $2,547. Claiming at 67 gives $2,547/month; at 62, it drops to ~$1,783; at 70, it rises to ~$3,158.

🏆Pro tip

Each year you delay past FRA adds 8% in delayed retirement credits — one of the best guaranteed "returns" available. But if you have health concerns or need the income, claiming earlier may make more sense. Run the break-even analysis to decide.