Social Security - Estimated Payments Chart

U.S. Social Security

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Social Security - Estimated Retirement Payments Chart

Here is a table which provides a quick estimate of your expected Monthly Social Security retirement benefits payment.

These retirement benefit estimates were compiled by me from the official Social Security Administration website. Use this as a guide only - each individual's situation is different. This SSA chart is intended for quick general estimates only.
Table 1. Estimated Monthly Payment
Table 2. Early Retirement Penalties
Table 3. Work Earnings Penalty

Table 1. Estimated Social Security Retirement Benefit Monthly Payment based upon Estimated Recent Average Annual Income
	. Estimated Recent Average Annual Income
. Retirement Age	$5K	$15K	$25K	$35K	$45K	$55K	$65K	$75K	$85K	$95K	105K	115K	125K	150 and Up
Age 62 (early retire)	199	530	671	813	954	1,095	1,236	1,378	1,444	1,511	1,575	1,628	1,668	1,714
Age 66 (full benefits)	263	673	860	1,048	1,235	1,422	*1,609	1,745	1,833	1,920	1,998	2,060	2,106	2,162
Age 70 (delayed retire)	377	921	1,190	1,458	1,727	1,996	2,253	2,379	2,505	2,631	2,728	2,802	2,854	2,929
.	1. The numbers in the Table above are in current U.S. whole dollars. 2. In Table 1. above, the "Retirement Ages" apply to those born between 1943 and 1954. 3. This benefits table does not take into account any disability benefits that you may be entitled to. *4. 1,609** ($65K income level) = This amount is used in the early retirement penalties example below. top of page
130	55	55	55	55	55	55	55	55	55	55	55	55	55	55

Table 2. Early Retirement - Benefit Penalty How Your Social Security Benefit is Reduced (Full Benefits example = $1,609 per month)
If you START getting benefits at age =	And you are the Wage Earner, the Retirement Benefit you will receive is reduced to	Penalty percentage	Example Monthly Payment @ 65K Annual Earning Level	Dollars Lost Per Month (forever, until death) Due to Early Retirement
62	75.0%	- 25%	$1,207	- $ 402
62 + 1 month	75.4
62 + 2 months	75.8
62 + 3 months	76.3
62 + 4 months	76.7
62 + 5 months	77.1
62 + 6 months	77.5	- 22.5 %	$ 1,247	- $ 362
62 + 7 months	77.9
62 + 8 months	78.3
62 + 9 months	78.8
62 + 10 months	79.2
62 + 11 months	79.6
Age 63	80.0 %	- 20%	$1,287	- $ 322
63 + 1 month	80.6
63 + 2 months	81.1
63 + 3 months	81.7
63 + 4 months	82.2
63 + 5 months	82.8
63 + 6 months	83.3	- 16.7 %	$ 1,340	- $ 269
63 + 7 months	83.9
63 + 8 months	84.4
63 + 9 months	85.0
63 + 10 months	85.6
63 + 11 months	86.1
Age 64	86.7 %	- 13.3 %	$ 1,395	- $ 214
64 + 1 month	87.2
64 + 2 months	87.8
64 + 3 months	88.3
64 + 4 months	88.9
64 + 5 months	89.4
64 + 6 months	90.0	- 10.0 %	$ 1,448	- $ 161
64 + 7 months	90.6
64 + 8 months	91.1
64 + 9 months	91.7
64 + 10 months	92.2
64 + 11 months	92.8
Age 65	93.3 %	- 6.7%	$ 1,501	- $ 108
65 + 1 month	93.9
65 + 2 months	94.4
65 + 3 months	95.0
65 + 4 months	95.6
65 + 5 months	96.1
65 + 6 months	96.7	- 3.3 %	$ 1,556	- $ 53
65 + 7 months	97.2
65 + 8 months	97.8
65 + 9 months	98.3
65 + 10 months	98.9
65 + 11 months	99.4
Age 66	100.0 %	Full benefits	$1,609	No Penalty
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140	105	70	75	75

Table 3. Benefits Penalty - When Receiving Benefits While Working While you are working, your earnings will reduce your benefit amount only until you reach your full retirement age.
If you start getting benefits at	Your work earnings limit is (...)	Beyond which your monthly benefit is reduced by	.
Retirement Age	Earnings Limit	Dollars Reduction	Note
Age 62	$12,960	$1 of every $2 earned above $12,960	Early retirement
Age 63			.
Age 64
Age 65
Year you turn 66	$34,440	$1 of every $3 earned above $34,440	Pre-birthday
Year you turn 66	none	none	Post-birthday
Age 66 until Death	No reduction in benefits due to income received from working.
.	Numbers are in U.S. dollars top of page
150	100	120	100

Disclaimer
The author is not perfect, and errors can occur. I compiled the SSA site retirement benefits data above. Please check any questioned data for yourself, by visiting the official SSA Website.
This Fast estimated Social Security payment summary is a quick guide only. Determine your own personal, detailed monthly payment estimate at the official government website.

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This Vaughns Quick SSA Retirement Benefit Estimator Chart webpage was last updated on 2007-07-19.