Social Security Retirement Calculator

The average Social Security retirement benefit in 2024 is about $1,907/month ($22,884/year). The maximum benefit at full retirement age (67) is $3,822/month. Your actual benefit depends on your 35 highest-earning years.

You can claim as early as 62 (reduced benefit) or delay until 70 (increased benefit). Each year you delay past full retirement age (67) increases your benefit by 8%. Claiming at 62 reduces it by about 30%.

Social Security faces funding challenges but is unlikely to disappear entirely. Current projections suggest the trust fund may be depleted around 2034, after which payroll taxes would still cover about 77% of scheduled benefits.