Social Security Benefits: Workers with Maximum-Taxable Earnings

https://www.ssa.gov/oact/cola/examplemax.html

Maximum-taxable benefit examples

 

Worker with steady earnings at the maximum level since age 22

 

 Tbl   A.Retirement at 62    B. Retirement at 65    C. Retirement at 66    D. Retirement at 67  E. Retirement at age 70 

1987	$2,205	$666	$1,645	$2,009	$789	$1,947	$1,955	$806	$1,990	$1,861	$825	$2,037	$1,725	$1,056	$2,608
1988	2,311	691	1,637	2,139	838	1,985	2,089	860	2,038	2,040	880	2,085	1,859	1,080	2,558
1989	2,490	739	1,683	2,287	899	2,048	2,217	911	2,076	2,171	936	2,132	2,000	1,063	2,422
1990	2,648	780	1,696	2,417	975	2,120	2,368	984	2,141	2,302	998	2,171	2,154	1,085	2,360
1991	2,792	815	1,683	2,531	1,022	2,110	2,502	1,079	2,227	2,457	1,084	2,238	2,332	1,163	2,402
1992	2,978	860	1,711	2,716	1,088	2,167	2,617	1,113	2,216	2,592	1,175	2,338	2,470	1,231	2,451
1993	3,154	899	1,738	2,878	1,128	2,181	2,801	1,181	2,283	2,708	1,203	2,326	2,605	1,289	2,491
1994	3,384	954	1,797	3,024	1,147	2,161	2,963	1,219	2,297	2,891	1,276	2,404	2,758	1,358	2,558
1995	3,493	972	1,781	3,219	1,199	2,197	3,112	1,248	2,287	3,055	1,319	2,417	2,896	1,474	2,700
1996	3,657	1,006	1,798	3,402	1,248	2,230	3,306	1,300	2,323	3,201	1,352	2,415	3,012	1,501	2,681
1997	3,877	1,056	1,833	3,634	1,326	2,302	3,490	1,364	2,368	3,396	1,412	2,452	3,189	1,609	2,794
1998	4,144	1,117	1,899	3,750	1,342	2,282	3,724	1,437	2,444	3,584	1,477	2,511	3,348	1,648	2,801
1999	4,463	1,191	2,000	3,926	1,373	2,304	3,847	1,451	2,436	3,822	1,544	2,591	3,496	1,684	2,826
2000	4,775	1,248	2,043	4,161	1,435	2,350	4,031	1,502	2,460	3,954	1,585	2,596	3,707	1,752	2,870
2001	5,126	1,314	2,079	4,440	1,538	2,433	4,272	1,593	2,521	4,144	1,657	2,622	3,912	1,879	2,973
2002	5,499	1,382	2,132	4,770	1,660	2,560	4,555	1,692	2,610	4,390	1,750	2,698	4,165	1,988	3,066
2003	5,729	1,412	2,147	5,099	1,721	2,618	4,890	1,814	2,759	4,679	1,836	2,793	4,321	2,045	3,111
2004	5,892	1,422	2,119	5,457	1,784	2,658	5,219	1,894	2,822	5,015	1,989	2,963	4,532	2,111	3,145
2005	6,137	1,452	2,107	5,827	1,874	2,718	5,574	1,982	2,875	5,341	2,088	3,029	4,786	2,252	3,267
2006	6,515	1,530	2,133	6,058	1,961	2,734	5,940	2,108	2,938	5,692	2,223	3,098	5,072	2,420	3,373
2007	6,852	1,598	2,155	6,229	1,998	2,696	6,177	2,194	2,960	6,062	2,348	3,168	5,406	2,672	3,605
2008	7,260	1,682	2,218	6,479	2,030	2,677	6,350	2,212	2,918	6,300	2,432	3,208	5,733	2,794	3,684
2009	7,685	1,769	2,205	6,861	2,172	2,707	6,606	2,323	2,896	6,480	2,539	3,165	6,090	3,054	3,807
2010	7,949	1,820	2,268	7,189	2,191	2,731	6,976	2,346	2,925	6,728	2,532	3,157	6,450	3,119	3,888
2011	7,928	1,803	2,248	7,579	2,249	2,803	7,299	2,366	2,949	7,091	2,555	3,185	6,683	3,193	3,980
2012	8,199	1,855	2,232	7,973	2,310	2,779	7,680	2,513	3,024	7,407	2,666	3,208	6,852	3,266	3,929
2013	8,539	1,923	2,275	8,230	2,414	2,856	8,074	2,533	2,997	7,788	2,780	3,289	7,095	3,350	3,964
2014	8,890	1,992	2,323	8,229	2,431	2,834	8,335	2,642	3,080	8,182	2,795	3,259	7,452	3,425	3,992
2015	9,066	2,025	2,321	8,479	2,452	2,810	8,314	2,663	3,053	8,417	2,916	3,343	7,747	3,501	4,012
2016	9,431	2,102	2,409	8,782	2,491	2,856	8,556	2,639	3,025	8,395	2,891	3,313	8,090	3,576	4,098
2017	9,784	2,153	2,461	9,076	2,542	2,905	8,843	2,687	3,070	8,624	2,870	3,280	8,426	3,538	4,043
2018	9,936	2,158	2,418	9,243	2,589	2,901	9,144	2,788	3,124	8,918	2,973	3,330	8,649	3,698	4,143
2019	10,296	2,209	2,408	9,578	2,757	3,005	9,300	2,861	3,118	9,204	3,106	3,386	8,635	3,770	4,109
2020	10,683	2,265	2,430	9,919	2,857	3,064	9,636	3,011	3,230	9,366	3,150	3,379	8,864	3,790	4,066
2021	11,098	2,324	2,461	10,074	2,841	3,008	9,979	3,113	3,296	9,704	3,306	3,501	9,150	3,895	4,125
2022	11,430	2,364	2,364	10,437	2,993	2,993	10,141	3,240	3,240	10,049	3,568	3,568	9,446	4,194	4,194

a Retirement at age 62 is assumed here to be at exact age 62 and 1 month. Such early retirement results in a reduced monthly benefit.

b Retirement at age 65 is assumed to be at exact age 65 and 0 months. For retirement in 2003 and later, the monthly benefit is reduced for early retirement. (For people born before 1938, age 65 is the normal retirement age. Normal retirement age will gradually increase to age 67.)

c Retirement at age 66 is assumed to be at exact age 66 and 0 months. Age 66 is the normal retirement age for people born in 1943-54. People who retired at age 66 and who were born before 1943 received delayed retirement credits; those born after 1954 will have their benefits reduced for early retirement. Thus, for retirement in 2021 and later, the monthly benefit is reduced for early retirement.

d Retirement at age 67 is assumed to be at exact age 67 and 0 months. Age 67 is the normal retirement age for people born in 1960 and later. People who retired at age 67 and who were born before 1960 received delayed retirement credits.

e Retirement at age 70 maximizes the effect of delayed retirement credits.