The initial benefit amounts shown in the table below assume retirement in January of the stated year, with maximum-taxable earnings since age 22. Benefits in 2025 reflect subsequent automatic benefit increases (if any).

We illustrate the calculation of retirement benefits using two examples, labeled case A and case B. In each case, the worker retires in 2025. Case A, born in 1963, retires at age 62.

In this section, you can learn how Social Security works, who’s eligible for retirement benefits, and what to consider before applying. Read on to understand how Social Security fits into your retirement plan.

In addition to case B, we also have other benefit examples for workers whose earnings have equalled or exceeded maximum taxable amounts. These examples show AIME and benefit amounts for retirement at ages 62, 65, 66, 67, and 70.

your Social Security benefits, investments, and personal savings — to live comfortably in retirement. We want you to understand what Social Security can mean to you and your family’s financial future. This . publication, Understanding the Benefits, explains the basics of the Social Security retirement, disability, and

Find out which Social Security benefits can help you based on your circumstances. If you already get benefits, visit our Manage benefits page to learn how to make changes, download documents, and complete other tasks.

Social Security may help you if you become disabled— even at a young age. A young person who has worked and paid Social Security taxes in as few as two years can be eligible for disability benefits. Social Security credits you earn move with you from job to job throughout your career.

Many individuals are eligible for benefits under both the SSDI and SSI programs at the same time. We use the term “concurrent” when individuals are eligible for benefits under both programs. Below we describe how a return to work may affect a person’s concurrent benefits. Armando files applications for SSDI benefits and SSI on February 27 ...

Jul 11, 2024 · Consider this example: Sandy is eligible for a monthly retirement benefit of $1,000 and a spouse’s benefit of $1,250. If she waits for Social Security until her full retirement age, she will receive her own $1,000 retirement benefit. We will add $250 from her spouse’s benefit, for a total of $1,250 a month.

survivors benefits. Social Security may help you if you become disabled— even at a young age. A young person who has worked and paid . Social Security taxes in as few as two years can . be eligible for disability benefits. Social Security credits you earn move with you from job to job throughout your career.