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Table III.B5. - Estimated Average Benefit Amount Payable 1/ to Retired Workers with Various Steady Pre-Retirement Earnings Levels Based on Intermediate Assumptions, Calendar Years 1996-2070
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Year Age Percent of
at- at Current dollars Constant 1996 dollars2/ earnings
tain re- ------------------------ ------------------------ ------------------
age tire- Maxi- Maxi- Aver- Maxi-
65 3/ ment Low4/ Average mum5/ Low4/ Average mum5/ Low4/ age mum5/
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Retirement at normal retirement age:
1996 65:0 $6,459 $10,658 $15,013 $6,459 $10,658 $15,013 58.2 43.2 24.5
2000 65:0 7,461 12,312 17,920 6,514 10,749 15,645 57.3 42.6 25.4
2005 65:6 9,493 15,669 23,663 6,687 11,037 16,668 56.9 42.3 26.6
2010 66:0 12,268 20,287 31,641 6,965 11,517 17,963 56.3 41.9 27.3
2015 66:0 15,652 25,898 41,092 7,303 12,084 19,174 56.2 41.9 27.7
2020 66:2 20,109 33,267 52,977 7,662 12,676 20,185 56.1 41.8 27.8
2025 67:0 26,657 44,174 70,229 8,080 13,389 21,287 56.0 41.8 27.7
2030 67:0 34,025 56,372 89,626 8,477 14,044 22,328 56.0 41.8 27.7
2035 67:0 43,440 71,963 114,332 8,895 14,736 23,411 56.0 41.8 27.7
2040 67:0 55,432 91,841 145,564 9,329 15,457 24,499 56.0 41.8 27.6
2045 67:0 70,759 117,221 185,561 9,788 16,215 25,669 56.0 41.8 27.6
2050 67:0 90,312 149,609 236,779 10,268 17,010 26,922 56.0 41.8 27.6
2055 67:0 115,259 190,942 302,192 10,771 17,844 28,241 56.0 41.8 27.6
2060 67:0 147,105 243,702 385,689 11,299 18,719 29,625 56.0 41.8 27.6
2065 67:0 187,752 311,041 492,232 11,853 19,637 31,076 56.0 41.8 27.6
2070 67:0 239,632 396,971 628,235 12,435 20,599 32,600 56.0 41.8 27.6
Retirement at age 65:
1996 65:0 6,459 10,658 15,013 6,459 10,658 15,013 58.2 43.2 24.5
2000 65:0 7,461 12,312 17,920 6,514 10,749 15,645 57.3 42.6 25.4
2005 65:0 8,994 14,857 22,430 6,461 10,672 16,112 55.3 41.1 25.9
2010 65:0 10,968 18,108 28,150 6,476 10,691 16,620 52.8 39.2 25.4
2015 65:0 13,990 23,105 36,662 6,789 11,212 17,791 52.8 39.2 25.9
2020 65:0 17,639 29,137 46,474 7,036 11,622 18,537 52.1 38.8 25.8
2025 65:0 21,166 34,964 55,781 6,939 11,462 18,287 49.0 36.4 24.3
2030 65:0 27,017 44,620 71,192 7,280 12,023 19,183 49.0 36.4 24.3
2035 65:0 34,483 56,949 90,806 7,637 12,613 20,111 49.0 36.4 24.3
2040 65:0 44,006 72,685 115,620 8,011 13,231 21,047 49.0 36.4 24.2
2045 65:0 56,178 92,768 147,393 8,405 13,880 22,053 49.0 36.4 24.2
2050 65:0 71,698 118,402 188,065 8,817 14,561 23,128 49.0 36.4 24.2
2055 65:0 91,504 151,114 240,030 9,249 15,274 24,262 49.0 36.4 24.2
2060 65:0 116,800 192,869 306,346 9,704 16,023 25,451 49.0 36.4 24.2
2065 65:0 149,067 246,158 390,975 10,179 16,809 26,698 49.0 36.4 24.2
2070 65:0 190,256 314,172 498,997 10,678 17,633 28,006 49.0 36.4 24.2
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1/ Annual benefit amount is the benefit payable for the 12-month period
starting with the month of retirement.
2/ The adjustment from current to constant dollars is made using the CPI
indexing series shown in table III.B1.
3/ Assumed to attain age 65 in January of the year.
4/ Earnings equal to 45 percent of average.
5/ Earnings equal to the OASDI contribution and benefit base.
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