Social Security Online Benefit Calculator
.social-security-calculator {
font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
background-color: #f9f9f9;
padding: 25px;
border-radius: 8px;
box-shadow: 0 4px 12px rgba(0, 0, 0, 0.1);
max-width: 700px;
margin: 20px auto;
color: #333;
}
.social-security-calculator h2 {
color: #2c3e50;
text-align: center;
margin-bottom: 20px;
font-size: 1.8em;
}
.social-security-calculator h3 {
color: #34495e;
margin-top: 25px;
margin-bottom: 15px;
font-size: 1.4em;
}
.social-security-calculator p {
line-height: 1.6;
margin-bottom: 10px;
}
.social-security-calculator .form-group {
margin-bottom: 15px;
}
.social-security-calculator label {
display: block;
margin-bottom: 5px;
font-weight: bold;
color: #555;
}
.social-security-calculator input[type="number"],
.social-security-calculator select {
width: calc(100% – 22px);
padding: 10px;
border: 1px solid #ccc;
border-radius: 5px;
font-size: 1em;
box-sizing: border-box;
}
.social-security-calculator input[type="number"]:focus,
.social-security-calculator select:focus {
border-color: #3498db;
outline: none;
box-shadow: 0 0 5px rgba(52, 152, 219, 0.5);
}
.social-security-calculator small {
display: block;
margin-top: 5px;
color: #777;
font-size: 0.85em;
}
.social-security-calculator button {
display: block;
width: 100%;
padding: 12px 20px;
background-color: #3498db;
color: white;
border: none;
border-radius: 5px;
font-size: 1.1em;
cursor: pointer;
transition: background-color 0.3s ease;
margin-top: 20px;
}
.social-security-calculator button:hover {
background-color: #2980b9;
}
.calculator-results {
background-color: #e8f6f3;
border: 1px solid #d1eeeb;
padding: 15px;
border-radius: 5px;
margin-top: 25px;
}
.calculator-results p {
font-size: 1.1em;
color: #2c3e50;
margin-bottom: 8px;
}
.calculator-results p#estimatedBenefit {
font-weight: bold;
color: #27ae60;
font-size: 1.3em;
}
.calculator-results .disclaimer {
font-size: 0.8em;
color: #7f8c8d;
margin-top: 15px;
}
.calculator-article ul {
list-style-type: disc;
margin-left: 20px;
margin-bottom: 10px;
}
.calculator-article li {
margin-bottom: 5px;
}
function getFRA(birthYear) {
if (birthYear = 1943 && birthYear = 1960) return { years: 67, months: 0 };
return { years: 0, months: 0 }; // Should not happen with valid input
}
function getFRAMonths(birthYear) {
var fra = getFRA(birthYear);
return (fra.years * 12) + fra.months;
}
function getFRAString(birthYear) {
var fra = getFRA(birthYear);
if (fra.years === 0) return "Invalid Birth Year";
if (fra.months === 0) {
return fra.years + " years old";
} else {
return fra.years + " years and " + fra.months + " months old";
}
}
function calculateBenefits() {
var birthYearInput = document.getElementById("birthYear").value;
var currentAnnualEarningsInput = document.getElementById("currentAnnualEarnings").value;
var retirementAgeInput = document.getElementById("retirementAge").value;
var birthYear = parseInt(birthYearInput);
var currentAnnualEarnings = parseFloat(currentAnnualEarningsInput);
var retirementAge = parseInt(retirementAgeInput);
// Input Validation
if (isNaN(birthYear) || birthYear new Date().getFullYear()) {
alert("Please enter a valid Birth Year (e.g., 1965).");
return;
}
if (isNaN(currentAnnualEarnings) || currentAnnualEarnings < 0) {
alert("Please enter valid Current Annual Earnings.");
return;
}
if (isNaN(retirementAge) || retirementAge 70) {
alert("Please select a valid Planned Retirement Age (62-70).");
return;
}
// Display FRA
document.getElementById("fraDisplay").innerHTML = "Your Full Retirement Age (FRA) is: " + getFRAString(birthYear);
// 2024 Social Security Wage Base
var wageBase2024 = 168600;
var earnings = Math.min(currentAnnualEarnings, wageBase2024); // Cap earnings at wage base
// Simplified AIME calculation (Average Indexed Monthly Earnings)
// This calculator assumes current annual earnings are representative of average indexed earnings.
// Actual AIME calculation is more complex, involving indexing past earnings.
var aime = earnings / 12;
// 2024 PIA Bend Points
var bendPoint1 = 1174;
var bendPoint2 = 7078;
var pia = 0; // Primary Insurance Amount
if (aime <= bendPoint1) {
pia = 0.90 * aime;
} else if (aime bendPoint2
pia = (0.90 * bendPoint1) + (0.32 * (bendPoint2 – bendPoint1)) + (0.15 * (aime – bendPoint2));
}
var fraMonths = getFRAMonths(birthYear);
var retirementMonths = retirementAge * 12;
var monthsDifference = fraMonths – retirementMonths; // Positive if retiring early, negative if retiring late
var adjustedBenefit = pia;
if (monthsDifference > 0) { // Retiring early
var reductionRate1 = 5/9 * 0.01; // 5/9 of 1% per month
var reductionRate2 = 5/12 * 0.01; // 5/12 of 1% per month
var maxMonthsForRate1 = 36; // First 36 months of early retirement
var totalReduction = 0;
if (monthsDifference <= maxMonthsForRate1) {
totalReduction = monthsDifference * reductionRate1;
} else {
totalReduction = (maxMonthsForRate1 * reductionRate1) + ((monthsDifference – maxMonthsForRate1) * reductionRate2);
}
adjustedBenefit = pia * (1 – totalReduction);
adjustedBenefit = Math.max(0, adjustedBenefit); // Benefit cannot be negative
} else if (monthsDifference < 0) { // Retiring late (up to age 70)
var drcRate = 2/3 * 0.01; // Delayed Retirement Credit: 2/3 of 1% per month (8% per year)
var monthsLate = Math.abs(monthsDifference);
var maxMonthsDRC = (70 * 12) – fraMonths; // Cannot earn DRCs past age 70
var monthsToApplyDRC = Math.min(monthsLate, maxMonthsDRC);
var totalIncrease = monthsToApplyDRC * drcRate;
adjustedBenefit = pia * (1 + totalIncrease);
}
// If monthsDifference is 0, it means retiring at FRA, so adjustedBenefit remains PIA.
document.getElementById("estimatedBenefit").innerHTML = "Estimated Monthly Benefit: $" + adjustedBenefit.toFixed(2);
}
// Run calculation on page load with default values
document.addEventListener('DOMContentLoaded', function() {
calculateBenefits();
});