Estimate, not adviceRetirement Benefit Calculator estimates Social Security benefits, retirement-account growth, contribution limits, required minimum distributions, Medicare premiums and pension amounts from the rules the agencies publish. It is not financial, investment, tax, legal or insurance advice, and nothing on this site recommends when to claim, what to buy or how to invest.
Content on retirementbenefitcalculator.com, including calculators, tables and articles, is general information. It does not know your full earnings record, your health, your family situation or your other income. Before you claim benefits, take a distribution, change contributions or buy an annuity, check your figures with the agency or plan named on the page, and consider a qualified professional such as a CPA, enrolled agent, certified financial planner or an attorney.
What the calculators do
The calculators apply formulas published by the Social Security Administration (benefit formula, bend points, reduction and delayed-credit rules, earnings test), the Internal Revenue Service (contribution limits, income phase-outs, life-expectancy tables), the Centers for Medicare & Medicaid Services (Part B and Part D premiums and income-related adjustments) and the Office of Personnel Management (FERS annuity rules) to the numbers you enter. Results are estimates:
- Social Security estimates are in today's dollars and assume the earnings you describe. Your official estimate is on your Social Security Statement at ssa.gov/myaccount. The SSA decides your benefit.
- Investment projections (401(k), IRA, TSP, annuity) use the fixed rate of return you enter. Real markets go up and down, and past returns do not predict future returns.
- Tax figures are simplified. They do not replace your tax return, Form 1099-R, or a tax professional.
- Medicare premiums are set by CMS and the SSA from your tax return two years earlier. The SSA's IRMAA notice is the final word.
- Pension and FERS amounts depend on your plan document or OPM's records of your service and pay.
Rules change
Social Security, IRS and Medicare figures change every year, and laws such as SECURE 2.0 phase in over several years. Each page lists its sources and the date it was last updated. Check the current rules with the source before you act on them.
No relationships
We are not a financial adviser, broker, insurance agent, plan provider or government agency. We do not sell annuities, insurance, investments or financial advice, we do not take referral fees, and we are not paid by any company or agency mentioned on this site.