Retiring early? Don’t Trust that Social Security Estimate

September 17, 2018
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“At your current earnings rate, if you continue working until…”

Those words are often passed over but are extremely important, especially if you plan to retire early. Social Security calculates your estimated benefit by making several assumptions. Perhaps the largest is that you will continue making the same amount until you claim Social Security. If for example your goal is to retire at 55 and claim benefits at 62 or 67, your benefit will not be what is recorded on your statement.

If this is the case for you, the best way to estimate your actual benefit is to use the Social Security Administration’s “online calculator” at and enter in your earnings by year, which can be found on the 3rd page of your Social Security statement.


**Disclaimer:   Reston Wealth Management has provided this information as a service and does not provide legal, accounting or tax advice.  The appropriate professionals should be consulted on all legal, accounting and tax matters. Every individual situation is unique and a proper plan should be put in place before making a decision regarding Social Security. The Social Security Administration alone makes all final determinations on your eligibility for benefits and the benefit amounts.  You should consult with your local Social Security Office before acting upon any information provided.