Social Security retirement calculator 2026
Estimate your Social Security benefit at any claiming age, after Medicare, and see how much more you need to save.
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Popular questions
How much will my pension be in the US?
Enter your age, your contribution years and your salary in the calculator above. For example, a 40 year old earning 69,847 USD per year who keeps working until 67 can expect about 2,405 USD net per month in today's money.
At what age can I retire in the US?
For someone aged 40 today the statutory retirement age is 67. Retiring earlier usually reduces the pension, and working longer increases it.
How is the state pension calculated in the US?
Full retirement age is 67 for people born in 1960 or later. You can claim from 62 to 70. You need 40 credits (about 10 years of work). Benefit at full retirement age = 90% of AIME up to 1,286 USD + 32% up to 7,749 USD + 15% above (2026 bend points). If Social Security is your only income it is not taxed. Medicare Part B (202.90 USD a month in 2026) is usually deducted.
How much should I save for retirement in the US?
With a salary of 69,847 USD per year, the estimated pension covers about 44.8% of your gross salary. To reach 70% you would need to save about 536 USD per month, assuming a 3% real return.
How the pension is calculated in the US
Social Security retirement benefits are based on your 35 highest years of earnings. Your average indexed monthly earnings (AIME) run through a progressive formula that replaces 90%, 32% and 15% of three income bands, giving your benefit at full retirement age. Claiming at 62 cuts it by up to 30%, waiting until 70 raises it by 24%.
- Full retirement age is 67 for people born in 1960 or later. You can claim from 62 to 70.
- You need 40 credits (about 10 years of work).
- Benefit at full retirement age = 90% of AIME up to 1,286 USD + 32% up to 7,749 USD + 15% above (2026 bend points).
- If Social Security is your only income it is not taxed. Medicare Part B (202.90 USD a month in 2026) is usually deducted.
Examples for 2026
Person aged 40 with 15 years of contributions, retiring at the statutory age, amounts per month in today's money.
| Gross salary | Gross pension | Net pension | Share of salary |
|---|---|---|---|
| 45,000 USD | 1,946 USD | 1,743 USD | 51.9% |
| 69,847 USD | 2,608 USD | 2,405 USD | 44.8% |
| 120,000 USD | 3,563 USD | 3,360 USD | 35.6% |
Minimum pension and retirement age
There is no minimum benefit for new retirees. The maximum benefit at full retirement age is 4,152 USD per month in 2026, and the average retired worker gets 2,071 USD.
Frequently asked questions
What is the minimum pension in the US?
There is no minimum benefit for new retirees. The maximum benefit at full retirement age is 4,152 USD per month in 2026, and the average retired worker gets 2,071 USD.
What does the calculator not include?
Your actual earnings record, spousal and survivor benefits, the earnings test, state income tax and 401(k) or IRA savings are not included.
Is this an official pension calculation?
No. It is an informational estimate based on 2026 rules published by the official sources listed on this page. For your exact entitlement, check your personal pension statement or ask the pension authority.
Sources and disclaimer
These results are an informational estimate in today's money. We use the 2026 rules and amounts published by the institutions below and check them when the rules change. Real pensions depend on your full insurance record. Your actual earnings record, spousal and survivor benefits, the earnings test, state income tax and 401(k) or IRA savings are not included.