Workers with Maximum-Taxable Earnings

Worker with steady earnings at the maximum level since age 22
Retirement in Jan. Retirement at age 62 a Retirement at age 65 b Retirement at age 66 c Retirement at age 67 d Retirement at age 70 e
AIME Monthly benefits AIME Monthly benefits AIME Monthly benefits AIME Monthly benefits AIME Monthly benefits
Initial In 2022 Initial In 2022 Initial In 2022 Initial In 2022 Initial In 2022
1987 $2,205 $666 $1,645 $2,009 $789 $1,947 $1,955 $806 $1,990 $1,861 $825 $2,037 $1,725 $1,056 $2,608
1988 2,311 691 1,637 2,139 838 1,985 2,089 860 2,038 2,040 880 2,085 1,859 1,080 2,558
1989 2,490 739 1,683 2,287 899 2,048 2,217 911 2,076 2,171 936 2,132 2,000 1,063 2,422
1990 2,648 780 1,696 2,417 975 2,120 2,368 984 2,141 2,302 998 2,171 2,154 1,085 2,360
1991 2,792 815 1,683 2,531 1,022 2,110 2,502 1,079 2,227 2,457 1,084 2,238 2,332 1,163 2,402
1992 2,978 860 1,711 2,716 1,088 2,167 2,617 1,113 2,216 2,592 1,175 2,338 2,470 1,231 2,451
1993 3,154 899 1,738 2,878 1,128 2,181 2,801 1,181 2,283 2,708 1,203 2,326 2,605 1,289 2,491
1994 3,384 954 1,797 3,024 1,147 2,161 2,963 1,219 2,297 2,891 1,276 2,404 2,758 1,358 2,558
1995 3,493 972 1,781 3,219 1,199 2,197 3,112 1,248 2,287 3,055 1,319 2,417 2,896 1,474 2,700
1996 3,657 1,006 1,798 3,402 1,248 2,230 3,306 1,300 2,323 3,201 1,352 2,415 3,012 1,501 2,681
1997 3,877 1,056 1,833 3,634 1,326 2,302 3,490 1,364 2,368 3,396 1,412 2,452 3,189 1,609 2,794
1998 4,144 1,117 1,899 3,750 1,342 2,282 3,724 1,437 2,444 3,584 1,477 2,511 3,348 1,648 2,801
1999 4,463 1,191 2,000 3,926 1,373 2,304 3,847 1,451 2,436 3,822 1,544 2,591 3,496 1,684 2,826
2000 4,775 1,248 2,043 4,161 1,435 2,350 4,031 1,502 2,460 3,954 1,585 2,596 3,707 1,752 2,870
2001 5,126 1,314 2,079 4,440 1,538 2,433 4,272 1,593 2,521 4,144 1,657 2,622 3,912 1,879 2,973
2002 5,499 1,382 2,132 4,770 1,660 2,560 4,555 1,692 2,610 4,390 1,750 2,698 4,165 1,988 3,066
2003 5,729 1,412 2,147 5,099 1,721 2,618 4,890 1,814 2,759 4,679 1,836 2,793 4,321 2,045 3,111
2004 5,892 1,422 2,119 5,457 1,784 2,658 5,219 1,894 2,822 5,015 1,989 2,963 4,532 2,111 3,145
2005 6,137 1,452 2,107 5,827 1,874 2,718 5,574 1,982 2,875 5,341 2,088 3,029 4,786 2,252 3,267
2006 6,515 1,530 2,133 6,058 1,961 2,734 5,940 2,108 2,938 5,692 2,223 3,098 5,072 2,420 3,373
2007 6,852 1,598 2,155 6,229 1,998 2,696 6,177 2,194 2,960 6,062 2,348 3,168 5,406 2,672 3,605
2008 7,260 1,682 2,218 6,479 2,030 2,677 6,350 2,212 2,918 6,300 2,432 3,208 5,733 2,794 3,684
2009 7,685 1,769 2,205 6,861 2,172 2,707 6,606 2,323 2,896 6,480 2,539 3,165 6,090 3,054 3,807
2010 7,949 1,820 2,268 7,189 2,191 2,731 6,976 2,346 2,925 6,728 2,532 3,157 6,450 3,119 3,888
2011 7,928 1,803 2,248 7,579 2,249 2,803 7,299 2,366 2,949 7,091 2,555 3,185 6,683 3,193 3,980
2012 8,199 1,855 2,232 7,973 2,310 2,779 7,680 2,513 3,024 7,407 2,666 3,208 6,852 3,266 3,929
2013 8,539 1,923 2,275 8,230 2,414 2,856 8,074 2,533 2,997 7,788 2,780 3,289 7,095 3,350 3,964
2014 8,890 1,992 2,323 8,229 2,431 2,834 8,335 2,642 3,080 8,182 2,795 3,259 7,452 3,425 3,992
2015 9,066 2,025 2,321 8,479 2,452 2,810 8,314 2,663 3,053 8,417 2,916 3,343 7,747 3,501 4,012
2016 9,431 2,102 2,409 8,782 2,491 2,856 8,556 2,639 3,025 8,395 2,891 3,313 8,090 3,576 4,098
2017 9,784 2,153 2,461 9,076 2,542 2,905 8,843 2,687 3,070 8,624 2,870 3,280 8,426 3,538 4,043
2018 9,936 2,158 2,418 9,243 2,589 2,901 9,144 2,788 3,124 8,918 2,973 3,330 8,649 3,698 4,143
2019 10,296 2,209 2,408 9,578 2,757 3,005 9,300 2,861 3,118 9,204 3,106 3,386 8,635 3,770 4,109
2020 10,683 2,265 2,430 9,919 2,857 3,064 9,636 3,011 3,230 9,366 3,150 3,379 8,864 3,790 4,066
2021 11,098 2,324 2,461 10,074 2,841 3,008 9,979 3,113 3,296 9,704 3,306 3,501 9,150 3,895 4,125
2022 11,430 2,364 2,364 10,437 2,993 2,993 10,141 3,240 3,240 10,049 3,568 3,568 9,446 4,194 4,194
a Retirement at age 62 is assumed here to be at exact age 62 and 1 month. Such early retirement results in a reduced monthly benefit.
b Retirement at age 65 is assumed to be at exact age 65 and 0 months. For retirement in 2003 and later, the monthly benefit is reduced for early retirement. (For people born before 1938, age 65 is the normal retirement age. Normal retirement age will gradually increase to age 67.)
c Retirement at age 66 is assumed to be at exact age 66 and 0 months. Age 66 is the normal retirement age for people born in 1943-54. People who retired at age 66 and who were born before 1943 received delayed retirement credits; those born after 1954 will have their benefits reduced for early retirement. Thus, for retirement in 2021 and later, the monthly benefit is reduced for early retirement.
d Retirement at age 67 is assumed to be at exact age 67 and 0 months. Age 67 is the normal retirement age for people born in 1960 and later. People who retired at age 67 and who were born before 1960 received delayed retirement credits.
e Retirement at age 70 maximizes the effect of delayed retirement credits.
Note: Initial monthly benefits paid at ages 65, 66, 67, and 70 in 2000-2001 were slightly lower than the amounts shown above because such initial benefits were partially based on a cost-of-living adjustment (COLA) for December 1999 that was originally determined as 2.4 percent based on CPIs published by the Bureau of Labor Statistics. Pursuant to Public Law 106-554, however, this COLA is effectively now 2.5 percent, and the above figures reflect the benefit change required by this legislation.