The Social Security Administration has made available a new online tool for calculating retirement benefits. Here is the description from the Social Security Administration Web site:
Social Security is proud to announce the new “Retirement Estimator” at www.socialsecurity.gov. Getting a personalized online estimate of your future retirement benefits is now easier than ever before.
The Retirement Estimator is a planning tool that allows you to get an immediate and personalized estimate of your potential Social Security retirement benefit.
The Retirement Estimator is convenient. Since it is tied to your actual Social Security earnings record, there is no need to manually enter years of earnings information. The Retirement Estimator is also interactive, allowing you to compare different retirement options by changing your “stop work” dates or expected earnings.
The Retirement Estimator is secure. To protect your privacy, only your benefit estimates are provided online. The Retirement Estimator does not reveal any personal information, such as your address, earnings or other information.
Visit www.socialsecurity.gov/estimator to see just how easy it is to get an accurate estimate of your future benefits.