Whether your retirement is just around the corner or still decades away, the Social Security Administration's new Online Retirement Estimator can help you get a quick estimate of the Social Security income you can expect to receive.
With the new Retirement Estimator, users can get personalized Social Security benefit estimates based on their current and future earnings, and can compare different scenarios based on retirement age. In announcing the SSA's new online feature, Commissioner of Social Security Michael J. Astrue declared that it "greatly improves the information available when trying to decide the right time to retire. It is simple, easy-to-use and will provide highly accurate benefit estimates for those nearing retirement age. For younger workers, it will provide valuable information to help them plan and save for their retirement."