supernova72
Recycles dryer sheets
Hi, I tried to calculate what my SS would be given I'm about to ER from Megacorp. I'm not certain I'm factoring the ER "age" part correctly. May or may not go to PT work arrangement in doing something else.
I'm 55.5 yrs old. Plan to take SS at 62 (reason: accelerated pension until 62).
Here is my math:
$2,154,795 sum of highest 35 years
$5,130 AIME (highest 35 yrs/420)
calculation
.90 X $856.0 = $770
.32 above 856 below AIME =$1,368
.15 X $5157 = 0
Subtotal (770+1368 = 2138)
$1,497 (2138 X 70% age 62 factor)
$17,961 annual
So $1497 at 62? My AIME does not appear to be large enough to cross the next "bend point" of $5157. The ss.gov site says $1820 a month at 62 (assumes working until 62 however). Thanks in advance!
My first yr of earnings is a whopping $1800 (washing dishes in college). However if if I was working another year at my current rate to replace that my math said it would add $37 a month.
I'm 55.5 yrs old. Plan to take SS at 62 (reason: accelerated pension until 62).
Here is my math:
$2,154,795 sum of highest 35 years
$5,130 AIME (highest 35 yrs/420)
calculation
.90 X $856.0 = $770
.32 above 856 below AIME =$1,368
.15 X $5157 = 0
Subtotal (770+1368 = 2138)
$1,497 (2138 X 70% age 62 factor)
$17,961 annual
So $1497 at 62? My AIME does not appear to be large enough to cross the next "bend point" of $5157. The ss.gov site says $1820 a month at 62 (assumes working until 62 however). Thanks in advance!
My first yr of earnings is a whopping $1800 (washing dishes in college). However if if I was working another year at my current rate to replace that my math said it would add $37 a month.
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