Mark is a 30-year-old professional who earns $50,000 per year and will retire at the normal Social Security retirement age for his birth date (67). Use Table 10.4 to estimate Mark’s first-year Social Security benefit in future dollars.

Table 10.4 Annual Social Security Retirement Benefit Estimates, 2019

		Age in 2019
2019 Income		25		30		35		40		45		50		55
$40,000		$87,948		$72,804		$60,156		$49,392		$40,140		$32,316		$25,664
$50,000		$102,252		$84,648		$79,668		$57,348		$46,548		$37,392		$29,592
$60,000		$1,16,544		$96,480		$79,668		$65,316		$52,956		$42,480		$33,552
$70,000		$1,30,836		$1,08,312		$89,424		$73,284		$59,364		$47,568		$37,500
$80,000		$1,38,816		$1,14,960		$95,112		$78,408		$64,212		$52,260		$41,460
$90,000		$1,45,512		$1,20,504		$99,672		$82,140		$67,212		$54,636		$43,896
$1,00,000		$1,52,208		$1,26,048		$1,04,256		$85,872		$70,224		$57,024		$45,756