I will be retiring next year at 54.
The SS calculator shows your benefit when you are eligible but assumes you will be working up until that eligibility.
Is there any calculator or formula that can be used that doesn't have that assumption?
I am trying to estimate my SS but without working income from 54-62.
Ideas?
Need SS calculator for early retirees
Re: Need SS calculator for early retirees
What SS calculators are you using? Try entering 0 as your last year's income.
Re: Need SS calculator for early retirees
I am using the estimator on the SS website which pulls from my history.
Re: Need SS calculator for early retirees
I suggest you download the AnyPIA calculator from the social security website. It will allow you to enter zeros for future years. I believe the online mySS site assumes that you will continue to earn at your current level until you retire.
http://www.ssa.gov/OACT/anypia/download.html
http://www.ssa.gov/OACT/anypia/download.html
Re: Need SS calculator for early retirees
When I use the estimator it asks for last year's earnings (on the screen after login). If I enter 0, it calculates based on 0 until I start collecting (FRA, 70 or 62).RMD3819 wrote:I am using the estimator on the SS website which pulls from my history.
The AnyPIA gets the same results, but with much more work.
Re: Need SS calculator for early retirees
OK thanks I'll try those.