Blog Post: Retirement Benefits Estimator Online NOW

Michael J. Astrue, Commissioner of Social Security, unveiled a new online calculator at www.socialsecurity.gov/estimator that will provide immediate and personalized benefit estimates to help people plan for their retirement.  The Retirement Estimator is tied to a person’s actual Social Security earnings record and eliminates the need to manually key in years of earnings information.

“ Deciding when to retire is one of the most important and difficult decisions many people face,” Commissioner Astrue said.  “The Retirement Estimator greatly improves the information available when trying to decide the right time to retire.  It is simple, easy-to-use and will provide highly accurate benefit estimates for those nearing retirement age.  For younger workers, it will provide valuable information to help them plan and save for their retirement.”

The Retirement Estimator is interactive allowing the user to compare different retirement options.  For example, a person can change retirement dates or expected future earnings.  Individuals also can print out up to three different scenarios at one time, in addition to information about their benefits at age 62 (current age if older), full retirement age and age 70.

Best of all, the Retirement Estimator is secure.  The only thing it provides online is retirement benefit estimates.  It does not show the earnings record information on which the final benefit estimate was calculated, nor does it reveal other personal information.

Visit, www.socialsecurity.gov

It's so easy!