Social Security

Computing Future Social Security Income

The past few weeks I’ve worked on a new tool to compute social security income (which the Social Security Administration (SSA) refers to as retirement insurance benefits (RIB)), which I’ve also done my best to validate against other available calculators.

This week I extended my tool to provide future RIB estimates – which is what I ultimately care about for doing the FI/RE financial analysis I’ve discussed previously

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Computing Social Security Income

I’ve been wanting to code up a tool to compute social security income for quite some time now, and I finally made some significant progress on that front!

To build this tool, I had to gather all the relevant steps and calculations from across various ssa.gov and third-party sites – which was not trivial.

So, the objective of this post is to have every calculation and table needed to compute standard social security income, which the Social Security Administration (SSA) refers to as retirement insurance benefits (RIB), in a single page. 

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