Key Points Social Security benefits are based on your earning history. Your age when you claim benefits impacts whether you ...

Your monthly retirement benefit would be $3,822 per month. Again, this assumes you earned the maximum pay that’s covered ... Social Security has a complex benefit formula that calculates your ...

Employees and employers each contribute 6.2% of wages up to the annual Social Security Wage Base, while self-employed individuals pay the ... the average monthly Social Security retirement benefit ...