Social Security | Benefit Calculation Examples for Workers Retiring in 2024
Article Excerpt: "...calculation of retirement benefits using two examples, labeled case A and case B. In each case, the worker retires in 2024. Case A, born in 1962, retires at age 62. Case B, born in 1958, retires at his normal (or full) retirement age. In each case, we assume the worker has covered earnings from 1984 through 2023, as shown at right in columns labeled "nominal earnings." Indexing brings nominal earnings up to near-current wage levels. For each case, the table shows columns of earnings before and after..."
Resource: www.ssa.gov