Estimate monthly Social Security benefits, PIA, and lifetime benefits by claiming age.
PIA is computed from AIME using bend points; monthly benefit = PIA adjusted for claiming age (reduced before full retirement age, increased after, up to age 70).
A worker with a $60,000 average indexed monthly earnings and a full retirement age of 67 might receive about $1,900/month at 67, roughly $1,400 at 62, and about $2,360 at 70.
Claiming before full retirement age reduces benefits; delaying past it up to age 70 increases them by about 8% per year.
The Primary Insurance Amount is the benefit you receive at full retirement age, calculated from your average indexed monthly earnings through bend points.
No. This is a simplified estimate. Create an account at SSA.gov for your official benefit estimate based on your actual earnings record.
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