How The Retirement Estimator Works

By Debby Winters

Good news for baby boomers who think they may never see any Social Security benefits, the IRS now has a Retirement Estimator. Now you can see what you may or may not ever get.  It is just an estimate based on your actual Social Security earnings record, but hey, that’s better than nothing.

You can use the Retirement Estimator if:

  • You have enough Social Security credits at this time to qualify for benefits and
  • You are not:
    • Currently receiving benefits on your own Social Security record;
    • Waiting for a decision about your application for benefits or Medicare;
    • Age 62 or older and receiving benefits on another Social Security record; or
    • Eligible for a Pension Based on Work Not Covered By Social Security.

If you are currently receiving only Medicare benefits, you can still get an estimate and Retirement Information For Medicare Beneficiaries

If you cannot use the Retirement Estimator or you want a survivors or disability benefit estimate, please use one of our other benefit Calculators.

You will need to verify your identity, but go ahead and give it a try!