https://www.ssa.gov/oact/cola/examplemax.html
Workers With Maximum-Taxable Earnings
Social Security benefits depend on earnings Benefit Examples For Workers With Maximum-Taxable Earnings |
Retirement in Jan. | Retirement at age 62 a/ | Retirement at age 65 b/ | Retirement at age 66 c/ | Retirement at age 70 d/ | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
AIME | Monthly benefits | AIME | Monthly benefits | AIME | Monthly benefits | AIME | Monthly benefits | |||||
Initial | In 2018 | Initial | In 2018 | Initial | In 2018 | Initial | In 2018 | |||||
1987 | $2,205 | $666 | $1,468 | $2,009 | $789 | $1,738 | $1,955 | $806 | $1,776 | $1,725 | $1,056 | $2,328 |
1988 | 2,311 | 691 | 1,461 | 2,139 | 838 | 1,772 | 2,089 | 860 | 1,819 | 1,859 | 1,080 | 2,284 |
1989 | 2,490 | 739 | 1,502 | 2,287 | 899 | 1,828 | 2,217 | 911 | 1,853 | 2,000 | 1,063 | 2,162 |
1990 | 2,648 | 780 | 1,514 | 2,417 | 975 | 1,892 | 2,368 | 984 | 1,911 | 2,154 | 1,085 | 2,106 |
1991 | 2,792 | 815 | 1,502 | 2,531 | 1,022 | 1,884 | 2,502 | 1,079 | 1,988 | 2,332 | 1,163 | 2,144 |
1992 | 2,978 | 860 | 1,527 | 2,716 | 1,088 | 1,934 | 2,617 | 1,113 | 1,978 | 2,470 | 1,231 | 2,188 |
1993 | 3,154 | 899 | 1,552 | 2,878 | 1,128 | 1,947 | 2,801 | 1,181 | 2,038 | 2,605 | 1,289 | 2,223 |
1994 | 3,384 | 954 | 1,604 | 3,024 | 1,147 | 1,929 | 2,963 | 1,219 | 2,050 | 2,758 | 1,358 | 2,284 |
1995 | 3,493 | 972 | 1,590 | 3,219 | 1,199 | 1,961 | 3,112 | 1,248 | 2,041 | 2,896 | 1,474 | 2,410 |
1996 | 3,657 | 1,006 | 1,604 | 3,402 | 1,248 | 1,991 | 3,306 | 1,300 | 2,073 | 3,012 | 1,501 | 2,393 |
1997 | 3,877 | 1,056 | 1,636 | 3,634 | 1,326 | 2,055 | 3,490 | 1,364 | 2,114 | 3,189 | 1,609 | 2,494 |
1998 | 4,144 | 1,117 | 1,695 | 3,750 | 1,342 | 2,037 | 3,724 | 1,437 | 2,182 | 3,348 | 1,648 | 2,500 |
1999 | 4,463 | 1,191 | 1,785 | 3,926 | 1,373 | 2,057 | 3,847 | 1,451 | 2,174 | 3,496 | 1,684 | 2,523 |
2000 | 4,775 | 1,248 | 1,824 | 4,161 | 1,435 | 2,097 | 4,031 | 1,502 | 2,196 | 3,707 | 1,752 | 2,562 |
2001 | 5,126 | 1,314 | 1,856 | 4,440 | 1,538 | 2,172 | 4,272 | 1,593 | 2,250 | 3,912 | 1,879 | 2,653 |
2002 | 5,499 | 1,382 | 1,903 | 4,770 | 1,660 | 2,285 | 4,555 | 1,692 | 2,330 | 4,165 | 1,988 | 2,736 |
2003 | 5,729 | 1,412 | 1,916 | 5,099 | 1,721 | 2,337 | 4,890 | 1,814 | 2,462 | 4,321 | 2,045 | 2,776 |
2004 | 5,892 | 1,422 | 1,891 | 5,457 | 1,784 | 2,373 | 5,219 | 1,894 | 2,519 | 4,532 | 2,111 | 2,807 |
2005 | 6,137 | 1,452 | 1,881 | 5,827 | 1,874 | 2,426 | 5,574 | 1,982 | 2,566 | 4,786 | 2,252 | 2,916 |
2006 | 6,515 | 1,530 | 1,904 | 6,058 | 1,961 | 2,440 | 5,940 | 2,108 | 2,622 | 5,072 | 2,420 | 3,011 |
2007 | 6,852 | 1,598 | 1,924 | 6,229 | 1,998 | 2,406 | 6,177 | 2,194 | 2,642 | 5,406 | 2,672 | 3,218 |
2008 | 7,260 | 1,682 | 1,979 | 6,479 | 2,030 | 2,390 | 6,350 | 2,212 | 2,604 | 5,733 | 2,794 | 3,289 |
2009 | 7,685 | 1,769 | 1,968 | 6,861 | 2,172 | 2,416 | 6,606 | 2,323 | 2,585 | 6,090 | 3,054 | 3,398 |
2010 | 7,949 | 1,820 | 2,024 | 7,189 | 2,191 | 2,438 | 6,976 | 2,346 | 2,610 | 6,450 | 3,119 | 3,470 |
2011 | 7,928 | 1,803 | 2,006 | 7,579 | 2,249 | 2,502 | 7,299 | 2,366 | 2,632 | 6,683 | 3,193 | 3,552 |
2012 | 8,199 | 1,855 | 1,992 | 7,973 | 2,310 | 2,481 | 7,680 | 2,513 | 2,699 | 6,852 | 3,266 | 3,507 |
2013 | 8,539 | 1,923 | 2,030 | 8,230 | 2,414 | 2,549 | 8,074 | 2,533 | 2,675 | 7,095 | 3,350 | 3,538 |
2014 | 8,890 | 1,992 | 2,073 | 8,229 | 2,431 | 2,530 | 8,335 | 2,642 | 2,749 | 7,452 | 3,425 | 3,563 |
2015 | 9,066 | 2,025 | 2,071 | 8,479 | 2,452 | 2,508 | 8,314 | 2,663 | 2,725 | 7,747 | 3,501 | 3,581 |
2016 | 9,431 | 2,102 | 2,150 | 8,782 | 2,491 | 2,549 | 8,556 | 2,639 | 2,700 | 8,090 | 3,576 | 3,658 |
2017 | 9,784 | 2,153 | 2,197 | 9,076 | 2,542 | 2,593 | 8,843 | 2,687 | 2,741 | 8,426 | 3,538 | 3,609 |
2018 | 9,940 | 2,159 | 2,159 | 9,243 | 2,589 | 2,589 | 9,144 | 2,788 | 2,788 | 8,649 | 3,698 | 3,698 |
a Retirement at age 62 is assumed here to be at exact age 62 and 1 month. Such early retirement results in a reduced monthly benefit. b Retirement at age 65 is assumed to be at exact age 65 and 0 months. For retirement in 2003 and later, the monthly benefit is reduced for early retirement. (For people born before 1938, age 65 is the normal retirement age. Normal retirement age will gradually increase to age 67.) c Age 66 is the normal retirement age for people born in 1943-54. People who retired at age 66 and who were born before 1943 received delayed retirement credits; those born after 1954 will have their benefits reduced for early retirement. d Retirement at age 70 maximizes the effect of delayed retirement credits. |
Note: Initial monthly benefits paid at ages 65, 66, and 70 in 2000-2001 were slightly lower than the amounts shown above because such initial benefits were partially based on a cost-of-living adjustment (COLA) for December 1999 that was originally determined as 2.4 percent based on CPIs published by the Bureau of Labor Statistics. Pursuant to Public Law 106-554, however, this COLA is effectively now 2.5 percent, and the above figures reflect the benefit change required by this legislation. |