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SSA Retirement Estimator
Old 11-03-2020, 10:22 AM   #1
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SSA Retirement Estimator

Hi all, I've searched and can't seem to find an answer to my question. If it exists, mods, please direct me to it.

When I am using the retirement estimator on ssa.gov and add an estimate for an early retirement, the only output it gives me for that early retirement is to take at 62. The estimate for taking at FRA still considers that I work up to that time. Is there a way I can get an estimate for RE and waiting to take until FRA, or 70?

Thanks for the help.
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Old 11-03-2020, 10:27 AM   #2
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I had better luck inputting $0 as my income through age 70.
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Old 11-03-2020, 10:29 AM   #3
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If you are using a Windows PC you can download this calculator. It will let you calculate what you need. https://www.ssa.gov/oact/anypia/anypia.html
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Old 11-03-2020, 10:36 AM   #4
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You can get a nice spreadsheet that can handle any situation on Bogleheads here: https://www.bogleheads.org/forum/viewtopic.php?t=262772
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Old 11-03-2020, 10:38 AM   #5
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Originally Posted by HenryD View Post
If you are using a Windows PC you can download this calculator. It will let you calculate what you need. https://www.ssa.gov/oact/anypia/anypia.html

I'm 65, no FICA taxes for 3 years, I get my yearly SS statement, and have used
those numbers as my future SS income.
Are these not correct because they are still assuming income about the same for the last 3yrs and 2 more years forward, when in fact I have none?
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Old 11-03-2020, 10:46 AM   #6
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I had better luck inputting $0 as my income through age 70.
Thanks, I did this, but I will have income until I retire. So, I also took the total of my income over the next 5 years (until RE) and averaged it until age 67 and input that as my income, rather than $0. The difference is about $400/mo, so not insignificant.
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Old 11-03-2020, 10:54 AM   #7
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Henry and Out to Lunch, thanks, but my work computer doesn't seem to like these files. It absolutely will not let me install the SSA one and the bogleheads one will only open in view only mode.

I'll try again this evening from our home laptop
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Old 11-03-2020, 11:38 AM   #8
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After getting the initial result, did you try clicking on the add a new estimate (or whatever it’s called) button?
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Old 11-03-2020, 11:47 AM   #9
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After getting the initial result, did you try clicking on the add a new estimate (or whatever it’s called) button?
Yes, but it only gives you the same options and output choices
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Old 11-03-2020, 12:26 PM   #10
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Henry and Out to Lunch, thanks, but my work computer doesn't seem to like these files. It absolutely will not let me install the SSA one and the bogleheads one will only open in view only mode.

I'll try again this evening from our home laptop
The program is not particularly easy to install or use. I know DW's IT policy would not allow it anywhere near her work laptop. I'm surprised they put it out there, to be honest. Seems like the pet project of someone at SSA, but it's also possible it's just a wrapper around the libraries they use to do the actual benefit calculations.

I couldn't find a way to import my earnings history in bulk, so entering that was the most tedious part, but it only needs to be done once. It does allow me to estimate a few more years of contributions until I turn 56, then no contribution for 10+/- years until I expect to start withdrawal.
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Old 11-03-2020, 12:30 PM   #11
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Originally Posted by Time2 View Post
I'm 65, no FICA taxes for 3 years, I get my yearly SS statement, and have used
those numbers as my future SS income.
Are these not correct because they are still assuming income about the same for the last 3yrs and 2 more years forward, when in fact I have none?
I'm not sure, but this tool lets you use any number you want for each individual year you want to consider, as far back or forward as you'd want.
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Old 11-03-2020, 01:07 PM   #12
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I find this official SS estimate site easy to use and you can estimate income until SS distribution or no income until that time.

https://www.ssa.gov/benefits/retirement/estimator.html
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Old 11-03-2020, 02:39 PM   #13
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I find this official SS estimate site easy to use and you can estimate income until SS distribution or no income until that time.

https://www.ssa.gov/benefits/retirement/estimator.html
DTail, This is the site I'm using. Problem is if I put that I want to retire at, say, 50 and make xxx amount until then, it assumes I will take the money at 62. It doesn't tell me how much I could take at 67 (my FRA). It only tells me the amount I could take at FRA if I continue working until then.
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Old 11-03-2020, 02:43 PM   #14
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Originally Posted by brokrken View Post
the bogleheads one will only open in view only mode.
Click on the "File" tab in the upper left. Then choose "Save As..."
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Old 11-03-2020, 03:03 PM   #15
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Here is a graphic from the downloaded SSA's software "ANYPIA" that indicates entitlement control. The year specific earnings is in a separate tab.

Attachment 36632

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Old 11-03-2020, 06:19 PM   #16
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Originally Posted by brokrken View Post
DTail, This is the site I'm using. Problem is if I put that I want to retire at, say, 50 and make xxx amount until then, it assumes I will take the money at 62. It doesn't tell me how much I could take at 67 (my FRA). It only tells me the amount I could take at FRA if I continue working until then.
You should be able to add a new estimate. So it can show how your payouts at for example 62, 67 and 70.
However, I believe it would default to you earning the monies until each age. So you can't calculate earning the monies until 62, but then not taking SS until 67.
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Old 11-03-2020, 06:59 PM   #17
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After viewing the SSA's website back in 2007-08 (the years leading up to my ER) to see the steps determine the monthly benefit amount, I created a spreadsheet to mimic the calculation. I wanted to use the AnyPIA program to check my work but had trouble getting that program to work. After I retired in 2008 at age 45, I was finally able to get the AnyPIA program to work and the results were very nearly the same as in my spreadsheet.


In my spreadsheet, I simply entered a bunch of zeroes so I could get enough years of income to average out further into the calculation. I was also to figure out how much more my monthly benefit would have been had I kept working (part-time) enough years to replace all those zeroes. My benefit would have been maybe 10% higher.
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Old 11-03-2020, 09:17 PM   #18
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I find the graphical presentation by the app at:
https://ssa.tools/
to be the simplest and most straightforward way to view SS.
Just copy your earnings record from ssa.gov and paste it into
the window at ssa.tools.
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Old 11-04-2020, 12:43 AM   #19
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Quote:
Originally Posted by bada bing View Post
I find the graphical presentation by the app at:
https://ssa.tools/
to be the simplest and most straightforward way to view SS.
Just copy your earnings record from ssa.gov and paste it into
the window at ssa.tools.
Really nice site.
Note it is not a .gov site, and is straight forward about that.

While it suggests printing to PDF, that didn't work well for me, with some graphs overlapping other information.

Overall the site is good and would be great with slightly better printing.
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Old 11-04-2020, 08:31 AM   #20
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Originally Posted by bada bing View Post
I find the graphical presentation by the app at:
https://ssa.tools/
to be the simplest and most straightforward way to view SS.
Just copy your earnings record from ssa.gov and paste it into
the window at ssa.tools.
+1 .

With lot of explanation too. I like the way the author explains how the PIA amount is calculated. It shows after 35 years of earning, adding few more years would not increase the PIA much.
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