The AARP Social Security Calculator is an online tool designed to help individuals estimate their Social Security retirement benefits based on various factors such as their earnings history, claiming age, and marital status. It allows users to estimate how much retirement income they might receive at different claiming ages, which can help them determine the best time to claim Social Security benefits.
The calculator takes into account the user’s average monthly income from work where Social Security payroll taxes were paid, and it looks at the 35 highest-earning years, adjusted for historical changes in U.S. wages.
For married individuals or those who were previously married, the calculator can also estimate benefits based on a partner’s income if the partner had considerably higher earnings, and it can provide estimates for survivor benefits if applicable.
The AARP Social Security Calculator can also show users how to maximize their benefits based on their circumstances, and it can provide estimates for every age between 62 and 70, as well as gauge the effect on benefits of continuing to work.
My Take
The tool is a quick and easy way to estimate Social Security benefits. Yet you can get more accurate estimates directly from the Social Security Administration. If you want more sophisticated tools on when to claim Social Security, there are better options:
- Social Security Analysis
Free Trial: N/A
Free Version: Yes
Price: Free
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I’ve used, tested and evaluated financial tools for more than 15 years. This directory is where I keep track of all of those tools, including software, apps, and calculators. I hope it will prove useful to you. And if you know of an app I should add to this directory, please let me know.
–Rob Berger
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