How Important is Social Security?

Estimate Social Security's role in your overall retirement income plan.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Retirement Income Sources

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$
$
$
%

Social Security Analysis

Total Annual Retirement Income$50,000
Social Security % of Income60.0%
Annual Savings Withdrawal$20,000
Years of Savings (without SS)25
Income Replacement Rate66.7%

Social Security is a major component of your retirement income.

How it works›

Model and assumptions. Compares cumulative benefits or retirement income with and without the entered Social Security assumptions. Break-even depends on claiming ages and benefit levels; longevity, survivor needs, taxes and investment returns can change the decision.SSA: claiming age and benefits