Appendix B.1 Estimates of Social Security Benefits for the Three Major Social Security Programs Present Annual Earnings $35,000 $50,000 $65,000 $80,000 $95,000 $120,000 Monthly Retirement Benefits at Age 67 in Today's Dollars Per month $ 1,480 $ 1,890 $ 2,260 $ 2,450 $ 2,640 $ 2,940 Per year $17,760 $22,680 $ 27,120 51% 45% 42% $ 29,400 37% $ 31,680 33% $ 35,280 29% As a percentage of income Monthly Retirement Benefits at Age 67 in Future Dollars Per Month $ 6,170 Per Year $74,040 $ 7,860 $94,320 $ 9,550 $114,600 $ 10,410 $124,920 $ 11,200 $134,400 $ 12,440 $149,280 Monthly Disability Benefits if You Became Disabled in 2018 Individual benefit per month $ 1,330 $1,690 $ 2,040 $ 2,280 $ 2,460 $ 2,720 Individual benefit per year $15,960 As a percentage of income 46% $20,280 41% $ 24,480 38% $ 27,360 34% $ 29,520 31% $ 32,640 29% $ 2,000 $ 2,530 $24,000 69% $30,360 61% $ 3,060 $ 36,720 56% $ 3,420 $ 41,040 51% $ 3,690 $ 44,280 47% $ 4,080 $ 48,960 41% Maximum family benefit per month Maximum family benefit per year As a percentage of income Monthly Survivor's Benefits if You Died in 2018 Individual benefit per month Individual benefit per year As a percentage of income Maximum family benefit per month Maximum family benefit per year As a percentage of income $ 1,040 $12,480 36% $ 1,310 $15,720 31% $ 2,380 $ 3,210 $ 1,560 $ 18,720 29% $ 3,710 $ 1,750 $ 21,000 26% $ 1,890 $ 22,680 24% $ 2,090 $ 25,080 21% $ 4,090 $ 4,700 $ 4,870 $28,560 82% $38,520 77% $ 44,520 68% $ 49,080 $ 52,800 $ 58,440 61% 56% 49%