Break Even Point Social Security Calculator

Display currencyFormatting only. This does not change the calculation.

Date of birthSets your full retirement age, your year of eligibility and the bend points that apply to you.

Benefit being estimated

How you want to describe your earnings

Primary insurance amount (monthly) The benefit payable at exactly full retirement age, shown on your Social Security statement. Used only when the earnings basis is "PIA".

Average indexed monthly earnings Used only when the earnings basis is "AIME".

Annual Social Security covered earningsOne figure per year, oldest first, starting at the first-earnings year below. Used only when the earnings basis is "earnings history".

Year the earnings list starts

Current annual salary Used with "steady salary": assumes your past pay rose in line with national average wages, so every indexed year equals this figure.

Years of covered workFewer than 35 years leaves zeros in the 35-year average and lowers the benefit.

Age when benefits start (years)

Age when benefits start (extra months)

Calendar year the benefit is paid inCost-of-living adjustments are applied from your year of eligibility up to this year.

Year disability beganUsed only for a disability (SSDI) estimate; it sets the year of eligibility and the number of computation years.

Worker's primary insurance amount (monthly) For a spousal or survivor estimate, the insured worker's PIA. Leave blank to use the PIA computed from the earnings inputs above.

Assumed future COLA (%)Applied only to years after the last published cost-of-living adjustment. The 2025 Trustees Report intermediate assumption is 2.4%.

Assumed future wage growth (%)Projects the wage index, taxable maximum and bend points beyond the published tables. Roughly the Trustees Report ultimate CPI-W assumption of 2.4% plus a real wage differential of about 1.1 points.

Estimated monthly benefit

1,828.00

Social Security Benefit Calculator

Estimated benefit a year

21,936.00

Primary insurance amount (this year)

2,612.40

PIA at year of eligibility

2,612.40

Average indexed monthly earnings

5,833.00

Year of eligibility

2,026

Full retirement age

Months early (-) or late (+)

-60

Benefit as a percentage of PIA

70.0000 %

Maximum payable to the family

4,768.10

Taxable maximum this year

184,500

Earnings test exempt amount

24,480

Total received by age 85 (no future COLA)

504,528.00

Worked out from Social Security Act sec. 215 (computation of primary insurance amount) and sec. 202(q)/(w) (reduction for age and delayed retirement credits) and 5 other sources.

The steady-salary estimate assumes your pay always tracked the national average wage index. A real earnings history will give a different, usually lower, figure.

This is an independent estimate built from the published Social Security formulas. Only the Social Security Administration can give you your official benefit figure - check your my Social Security statement or ask SSA before relying on this for a claiming decision.

How this is worked out

5 steps

Year of eligibility (age 62) is 2026; earnings are indexed to 2024 and averaged over 35 years to an AIME of 5833.
PIA = 90% of the first 1286 + 32% between 1286 and 7749 + 15% above = 2612.4.
Full retirement age for someone born in 1964 is 67.
Claiming 60 months early pays 70% of the PIA.
Monthly benefit = 2612.4 x 0.7 truncated to the dollar = 1828.

Benefit by claiming agetable

age	percentOfPia	monthly	annual
62	70	1,828	21,936
63	75	1,959	23,508
64	80	2,089	25,068
65	86.6667	2,264	27,168
66	93.3333	2,438	29,256
67	100	2,612	31,344
68	108	2,821	33,852
69	116	3,030	36,360
70	124	3,239	38,868

Results are general information, not financial, tax, legal, medical or engineering advice.