Jane Yamamoto-Burigsay
Courtesy: Social Security Administration

Calculating when you should retire requires evaluating all sources of your retirement income. There are many factors to consider, including your personal retirement goals. With multiple factors affecting your decision, sometimes it’s difficult to see the big retirement picture.

The Social Security Administration secures your today and tomorrow by offering a webpage of calculators to help you plan your Social Security retirement benefits. You can access our online calculators at www.socialsecurity.gov/planners/benefitcalculators.html to get started with your planning.

Visit our calculator page and fine-tune your benefit estimate by using the Retirement Estimator if you have the required 40 work credits. Changes in your personal circumstances may cause changes in the number of years you work before you retire. Suppose you had planned to work an additional 10 years before retiring, but now you are considering moving that up to the end of this year. How can you determine how much the difference in dollars will be in your monthly benefits? You can create one estimate with your projected earnings through this year and another that includes the next 10 years. These are estimates, but they will give you an approximation for each retirement age to help you make your decision.

Jane Yamamoto-Burigsay is Social Security’s public affairs specialist in Hawai‘i.

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