Annual Scheduled Benefit Amounts for Retired Workers With Various Pre-Retirement Earnings Patterns Based on Intermediate Assumptions — 2020 OASDI Trustees Report

Single-Year Tables        
Table V.C7.—Annual Scheduled Benefit Amounts for Retired Workers
With Various Pre-Retirement Earnings Patterns
Based on Intermediate Assumptions, Calendar Years 1940-2095
Year attain
age 65 a 		  Age at
retirement 		  Scaled very
low
earnings b 		  Scaled low
earnings c 		  Scaled
medium
earnings d 		  Scaled
high
earnings e 		  Steady
maximum
earnings f 		  National
Average Wage
Index in 2020
dollars g
        Benefits in 2020 dollars h with retirement at normal retirement age    
1940   65:0   $2,169   $2,860   $4,960   $5,943   $8,937   $21,602
1941   65:0   2,068   2,839   4,839   5,807   8,603   21,990
1942   65:0   1,863   2,738   4,479   5,398   7,823   22,574
1943   65:0   1,757   2,756   4,358   5,289   7,449   25,086
1944   65:0   1,729   2,960   4,440   5,458   7,400   27,899
1945   65:0   1,753   3,214   4,510   5,588   7,304   28,481
1946   65:0   1,767   3,195   4,316   5,386   6,797   24,563
1947   65:0   1,617   2,935   3,878   4,866   5,989   24,664
1948   65:0   1,573   2,837   3,722   4,706   5,619   24,904
1949   65:0   1,716   2,932   3,890   4,935   5,721   26,427
1950   65:0   2,441   3,792   4,991   6,083   6,697   26,805
1951   65:0   3,535   5,197   6,625   7,643   8,018   27,304
1952   65:0   3,817   5,376   6,840   7,866   8,163   28,341
1953   65:0   4,248   5,860   7,700   9,586   9,654   29,713
1954   65:0   4,677   6,193   8,166   10,127   10,127   29,756
1955   65:0   5,425   6,821   8,977   11,179   11,179   31,224
1956   65:0   5,513   6,788   9,002   11,261   11,373   32,919
1957   65:0   5,529   6,665   8,947   11,176   11,198   32,822
1958   65:0   5,498   6,551   8,984   11,428   11,428   32,245
1959   65:0   5,848   6,996   9,711   12,113   12,113   33,553
1960   65:0   5,860   6,991   9,767   12,131   12,234   34,331
1961   65:0   5,796   6,914   9,863   12,202   12,202   34,629
1962   65:0   5,832   6,938   9,954   12,166   12,166   35,945
1963   65:0   5,855   6,848   9,924   12,107   12,107   36,348
1964   65:0   5,780   6,858   10,091   12,050   12,050   37,361
1965   65:0   6,096   7,331   10,841   12,703   12,703   37,446
1966   65:0   6,012   7,117   10,723   12,427   12,427   38,539
1967   65:0   5,851   7,027   10,636   12,294   12,386   39,595
1968   65:0   6,505   7,753   11,633   13,418   13,513   40,610
1969   65:0   6,228   7,530   11,436   13,220   13,311   40,732
1970   65:0   6,882   8,191   12,659   14,681   14,877   40,399
1971   65:0   7,256   8,743   13,580   15,804   16,006   40,668
1972   65:0   7,619   9,153   14,374   16,764   16,764   43,230
1973   65:0   8,073   11,640   15,598   18,110   18,220   43,242
1974   65:0   7,987   10,999   15,567   18,096   18,324   41,276
1975   65:0   7,862   10,171   15,667   18,257   18,709   40,640
1976   65:0   8,076   10,155   16,315   19,182   20,183   41,091
1977   65:0   8,172   10,368   16,839   20,109   21,428   40,902
1978   65:0   8,199   10,591   17,183   21,066   22,261   41,027
1979   65:0   7,988   10,562   17,189   21,218   22,290   40,042
1980   65:0   8,041   10,590   17,585   21,578   22,859   38,459
1981   65:0   8,310   11,138   18,484   22,619   24,131   38,396
1982   65:0   8,300   10,973   17,963   21,823   22,366   38,223
1983   65:0   7,835   10,600   17,204   20,707   21,784   38,904
1984   65:0   7,454   10,604   16,308   19,754   20,885   39,827
1985   65:0   7,256   10,582   15,917   19,359   20,563   40,102
1986   65:0   7,556   10,716   16,469   20,134   21,429   40,661
1987   65:0   7,505   10,507   16,399   20,138   21,529   41,755
1988   65:0   7,610   10,548   16,611   20,493   21,990   42,137
1989   65:0   7,764   10,469   16,907   20,916   22,519   41,793
1990   65:0   7,952   10,429   17,261   21,476   23,213   41,535
1991   65:0   7,930   10,535   17,231   21,550   23,356   41,411
1992   65:0   8,145   10,696   17,666   22,215   24,147   42,312
1993   65:0   8,178   10,702   17,692   22,332   24,340   41,504
1994   65:0   8,061   10,630   17,389   22,082   24,144   41,570
1995   65:0   8,105   10,622   17,520   22,351   24,540   42,047
1996   65:0   8,136   10,661   17,584   22,536   24,825   42,850
1997   65:0   8,381   10,987   18,105   23,316   25,786   44,366
1998   65:0   8,304   10,873   17,950   23,167   25,737   46,074
1999   65:0   8,243   10,796   17,820   23,113   25,780   47,578
2000   65:0   8,282   10,842   17,891   23,283   26,063   48,527
2001   65:0   8,550   11,216   18,512   24,184   27,168   48,359
2002   65:0   9,036   11,840   19,535   25,627   28,901   48,188
2003   65:2   9,193   12,038   19,868   26,118   29,641   48,287
2004   65:4   9,313   12,192   20,105   26,500   30,245   49,253
2005   65:6   9,568   12,526   20,648   27,267   31,291   49,317
2006   65:8   9,726   12,733   20,982   27,761   32,025   49,972
2007   65:10   9,495   12,436   20,517   27,143   31,512   50,790
2008   66:0   10,053   13,175   21,740   28,758   33,893   49,919
2009   66:0   9,892   12,965   21,385   28,303   33,535   49,500
2010   66:0   9,609   12,586   20,768   27,496   32,757   49,643
2011   66:0   9,951   13,024   21,473   28,446   34,024   49,440
2012   66:0   9,855   12,899   21,246   28,176   33,826   49,935
2013   66:0   10,079   13,185   21,725   28,817   34,765   49,891
2014   66:0   10,133   13,260   21,876   28,988   35,136   50,897
2015   66:0   9,921   12,991   21,422   28,374   34,491   52,886
2016   66:0   9,895   12,957   21,352   28,297   34,437   52,966
2017   66:0   10,005   13,093   21,585   28,600   34,866   53,654
2018   66:0   10,077   13,186   21,739   28,793   35,158   54,217
2019   66:0   10,375   13,562   22,374   29,636   36,201   54,978
2020   66:2   10,683   13,974   23,049   30,529   37,327   55,642
2021   66:4   10,608   13,894   22,917   30,332   37,122   56,734
2022   66:6   10,681   13,983   23,060   30,527   37,381   57,680
2023   66:8   10,890   14,265   23,530   31,145   38,147   58,492
2024   66:10   10,978   14,378   23,720   31,393   38,482   59,289
2025   67:0   11,089   14,529   23,978   31,716   39,057   60,110
2026   67:0   11,315   14,815   24,450   32,345   39,822   60,958
2027   67:0   11,506   15,060   24,848   32,878   40,491   61,846
2028   67:0   11,663   15,267   25,195   33,331   41,069   62,742
2029   67:0   11,825   15,474   25,540   33,790   41,634   63,552
2030   67:0   11,982   15,690   25,891   34,256   42,223   64,330
2031   67:0   12,152   15,914   26,255   34,742   42,814   65,111
2032   67:0   12,332   16,145   26,632   35,239   43,440   65,904
2033   67:0   12,515   16,381   27,018   35,751   44,073   66,708
2034   67:0   12,666   16,582   27,356   36,206   44,636   67,518
2035   67:0   12,820   16,787   27,694   36,650   45,188   68,331
2036   67:0   12,981   16,990   28,033   37,093   45,745   69,149
2037   67:0   13,137   17,204   28,372   37,549   46,289   69,963
2038   67:0   13,300   17,414   28,717   38,008   46,834   70,776
2039   67:0   13,463   17,620   29,066   38,468   47,395   71,579
2040   67:0   13,625   17,835   29,413   38,929   47,968   72,374
2041   67:0   13,787   18,050   29,768   39,396   48,550   73,166
2042   67:0   13,947   18,260   30,112   39,854   49,127   73,949
2043   67:0   14,112   18,470   30,462   40,315   49,697   74,723
2044   67:0   14,268   18,679   30,806   40,772   50,264   75,495
2045   67:0   14,428   18,882   31,142   41,223   50,822   76,268
2046   67:0   14,584   19,095   31,489   41,674   51,351   77,053
2047   67:0   14,738   19,294   31,821   42,123   51,876   77,858
2048   67:0   14,894   19,497   32,155   42,564   52,418   78,686
2049   67:0   15,046   19,703   32,490   43,001   52,965   79,533
2050   67:0   15,206   19,905   32,825   43,445   53,518   80,400
2051   67:0   15,360   20,103   33,161   43,889   54,072   81,287
2052   67:0   15,521   20,319   33,506   44,352   54,635   82,190
2053   67:0   15,687   20,535   33,868   44,822   55,168   83,104
2054   67:0   15,856   20,755   34,231   45,307   55,738   84,030
2055   67:0   16,030   20,983   34,603   45,800   56,336   84,962
2056   67:0   16,206   21,214   34,988   46,308   56,953   85,909
2057   67:0   16,384   21,450   35,379   46,824   57,559   86,874
2058   67:0   16,572   21,693   35,774   47,346   58,188   87,856
2059   67:0   16,752   21,930   36,168   47,873   58,833   88,852
2060   67:0   16,941   22,175   36,572   48,403   59,492   89,859
2061   67:0   17,129   22,422   36,981   48,946   60,131   90,875
2062   67:0   17,324   22,676   37,397   49,496   60,809   91,898
2063   67:0   17,518   22,930   37,818   50,052   61,493   92,927
2064   67:0   17,717   23,188   38,248   50,620   62,183   93,962
2065   67:0   17,917   23,453   38,680   51,192   62,891   95,001
2066   67:0   18,117   23,719   39,114   51,771   63,603   96,048
2067   67:0   18,324   23,987   39,555   52,355   64,320   97,104
2068   67:0   18,530   24,255   39,998   52,942   65,042   98,170
2069   67:0   18,734   24,525   40,444   53,530   65,769   99,249
2070   67:0   18,943   24,795   40,890   54,121   66,497   100,340
2071   67:0   19,152   25,069   41,341   54,720   67,233   101,443
2072   67:0   19,361   25,343   41,795   55,318   67,972   102,559
2073   67:0   19,573   25,623   42,253   55,926   68,718   103,686
2074   67:0   19,789   25,904   42,719   56,542   69,477   104,822
2075   67:0   20,007   26,190   43,189   57,164   70,240   105,963
2076   67:0   20,227   26,478   43,665   57,790   71,012   107,115
2077   67:0   20,450   26,769   44,145   58,428   71,795   108,282
2078   67:0   20,675   27,062   44,629   59,070   72,586   109,462
2079   67:0   20,900   27,359   45,119   59,716   73,380   110,654
2080   67:0   21,129   27,657   45,608   60,366   74,180   111,857
2081   67:0   21,359   27,958   46,104   61,024   74,988   113,069
2082   67:0   21,591   28,262   46,607   61,688   75,804   114,292
2083   67:0   21,826   28,570   47,115   62,360   76,629   115,527
2084   67:0   22,066   28,882   47,629   63,039   77,466   116,781
2085   67:0   22,304   29,197   48,147   63,726   78,308   118,055
2086   67:0   22,546   29,514   48,669   64,415   79,156   119,347
2087   67:0   22,790   29,831   49,195   65,112   80,011   120,660
2088   67:0   23,037   30,153   49,726   65,816   80,876   121,989
2089   67:0   23,287   30,482   50,268   66,532   81,752   123,335
2090   67:0   23,541   30,816   50,816   67,257   82,643   124,696
2091   67:0   23,798   31,151   51,372   67,994   83,547   126,073
2092   67:0   24,061   31,494   51,939   68,742   84,463   127,467
2093   67:0   24,326   31,842   52,510   69,500   85,394   128,882
2094   67:0   24,596   32,193   53,091   70,267   86,336   130,314
2095   67:0   24,865   32,550   53,677   71,042   87,288   131,796
 
        Benefits in 2020 dollars h with retirement at age 65    
1940   65:0   $2,169   $2,860   $4,960   $5,943   $8,937   $21,602
1941   65:0   2,068   2,839   4,839   5,807   8,603   21,990
1942   65:0   1,863   2,738   4,479   5,398   7,823   22,574
1943   65:0   1,757   2,756   4,358   5,289   7,449   25,086
1944   65:0   1,729   2,960   4,440   5,458   7,400   27,899
1945   65:0   1,753   3,214   4,510   5,588   7,304   28,481
1946   65:0   1,767   3,195   4,316   5,386   6,797   24,563
1947   65:0   1,617   2,935   3,878   4,866   5,989   24,664
1948   65:0   1,573   2,837   3,722   4,706   5,619   24,904
1949   65:0   1,716   2,932   3,890   4,935   5,721   26,427
1950   65:0   2,441   3,792   4,991   6,083   6,697   26,805
1951   65:0   3,535   5,197   6,625   7,643   8,018   27,304
1952   65:0   3,817   5,376   6,840   7,866   8,163   28,341
1953   65:0   4,248   5,860   7,700   9,586   9,654   29,713
1954   65:0   4,677   6,193   8,166   10,127   10,127   29,756
1955   65:0   5,425   6,821   8,977   11,179   11,179   31,224
1956   65:0   5,513   6,788   9,002   11,261   11,373   32,919
1957   65:0   5,529   6,665   8,947   11,176   11,198   32,822
1958   65:0   5,498   6,551   8,984   11,428   11,428   32,245
1959   65:0   5,848   6,996   9,711   12,113   12,113   33,553
1960   65:0   5,860   6,991   9,767   12,131   12,234   34,331
1961   65:0   5,796   6,914   9,863   12,202   12,202   34,629
1962   65:0   5,832   6,938   9,954   12,166   12,166   35,945
1963   65:0   5,855   6,848   9,924   12,107   12,107   36,348
1964   65:0   5,780   6,858   10,091   12,050   12,050   37,361
1965   65:0   6,096   7,331   10,841   12,703   12,703   37,446
1966   65:0   6,012   7,117   10,723   12,427   12,427   38,539
1967   65:0   5,851   7,027   10,636   12,294   12,386   39,595
1968   65:0   6,505   7,753   11,633   13,418   13,513   40,610
1969   65:0   6,228   7,530   11,436   13,220   13,311   40,732
1970   65:0   6,882   8,191   12,659   14,681   14,877   40,399
1971   65:0   7,256   8,743   13,580   15,804   16,006   40,668
1972   65:0   7,619   9,153   14,374   16,764   16,764   43,230
1973   65:0   8,073   11,640   15,598   18,110   18,220   43,242
1974   65:0   7,987   10,999   15,567   18,096   18,324   41,276
1975   65:0   7,862   10,171   15,667   18,257   18,709   40,640
1976   65:0   8,076   10,155   16,315   19,182   20,183   41,091
1977   65:0   8,172   10,368   16,839   20,109   21,428   40,902
1978   65:0   8,199   10,591   17,183   21,066   22,261   41,027
1979   65:0   7,988   10,562   17,189   21,218   22,290   40,042
1980   65:0   8,041   10,590   17,585   21,578   22,859   38,459
1981   65:0   8,310   11,138   18,484   22,619   24,131   38,396
1982   65:0   8,300   10,973   17,963   21,823   22,366   38,223
1983   65:0   7,835   10,600   17,204   20,707   21,784   38,904
1984   65:0   7,454   10,604   16,308   19,754   20,885   39,827
1985   65:0   7,256   10,582   15,917   19,359   20,563   40,102
1986   65:0   7,556   10,716   16,469   20,134   21,429   40,661
1987   65:0   7,505   10,507   16,399   20,138   21,529   41,755
1988   65:0   7,610   10,548   16,611   20,493   21,990   42,137
1989   65:0   7,764   10,469   16,907   20,916   22,519   41,793
1990   65:0   7,952   10,429   17,261   21,476   23,213   41,535
1991   65:0   7,930   10,535   17,231   21,550   23,356   41,411
1992   65:0   8,145   10,696   17,666   22,215   24,147   42,312
1993   65:0   8,178   10,702   17,692   22,332   24,340   41,504
1994   65:0   8,061   10,630   17,389   22,082   24,144   41,570
1995   65:0   8,105   10,622   17,520   22,351   24,540   42,047
1996   65:0   8,136   10,661   17,584   22,536   24,825   42,850
1997   65:0   8,381   10,987   18,105   23,316   25,786   44,366
1998   65:0   8,304   10,873   17,950   23,167   25,737   46,074
1999   65:0   8,243   10,796   17,820   23,113   25,780   47,578
2000   65:0   8,282   10,842   17,891   23,283   26,063   48,527
2001   65:0   8,550   11,216   18,512   24,184   27,168   48,359
2002   65:0   9,036   11,840   19,535   25,627   28,901   48,188
2003   65:0   9,099   11,911   19,664   25,848   29,325   48,287
2004   65:0   9,123   11,948   19,707   25,972   29,644   49,253
2005   65:0   9,209   12,053   19,877   26,242   30,115   49,317
2006   65:0   9,271   12,134   19,991   26,447   30,508   49,972
2007   65:0   9,098   11,910   19,647   26,009   30,196   50,790
2008   65:0   8,853   11,591   19,121   25,309   29,561   49,919
2009   65:0   9,425   12,343   20,368   26,963   31,690   49,500
2010   65:0   9,263   12,122   20,012   26,488   31,319   49,643
2011   65:0   9,166   11,991   19,784   26,209   31,138   49,440
2012   65:0   9,166   11,995   19,767   26,212   31,275   49,935
2013   65:0   9,402   12,311   20,272   26,895   32,236   49,891
2014   65:0   9,277   12,132   20,014   26,527   31,989   50,897
2015   65:0   9,355   12,244   20,187   26,732   32,352   52,886
2016   65:0   9,385   12,286   20,271   26,845   32,558   52,966
2017   65:0   9,382   12,278   20,249   26,824   32,578   53,654
2018   65:0   9,304   12,180   20,084   26,600   32,378   54,217
2019   65:0   9,733   12,743   21,003   27,822   33,881   54,978
2020   65:0   9,859   12,901   21,269   28,182   34,349   55,642
2021   65:0   9,650   12,632   20,839   27,600   33,682   56,734
2022   65:0   9,606   12,575   20,738   27,466   33,531   57,680
2023   65:0   9,683   12,673   20,901   27,674   33,797   58,492
2024   65:0   9,631   12,616   20,805   27,539   33,661   59,289
2025   65:0   9,608   12,577   20,755   27,470   33,587   60,110
2026   65:0   9,801   12,834   21,165   28,015   34,260   60,958
2027   65:0   9,958   13,043   21,514   28,478   34,842   61,846
2028   65:0   10,102   13,224   21,815   28,874   35,338   62,742
2029   65:0   10,235   13,401   22,110   29,267   35,831   63,552
2030   65:0   10,383   13,589   22,417   29,671   36,337   64,330
2031   65:0   10,529   13,779   22,734   30,096   36,856   65,111
2032   65:0   10,680   13,981   23,060   30,530   37,394   65,904
2033   65:0   10,836   14,183   23,394   30,971   37,948   66,708
2034   65:0   10,978   14,368   23,691   31,366   38,430   67,518
2035   65:0   11,109   14,545   23,986   31,751   38,902   68,331
2036   65:0   11,243   14,722   24,279   32,134   39,388   69,149
2037   65:0   11,381   14,900   24,578   32,529   39,863   69,963
2038   65:0   11,522   15,083   24,872   32,928   40,324   70,776
2039   65:0   11,659   15,266   25,178   33,328   40,812   71,579
2040   65:0   11,804   15,447   25,478   33,729   41,306   72,374
2041   65:0   11,944   15,633   25,786   34,130   41,807   73,166
2042   65:0   12,085   15,816   26,081   34,535   42,303   73,949
2043   65:0   12,226   16,002   26,390   34,931   42,796   74,723
2044   65:0   12,362   16,178   26,683   35,329   43,290   75,495
2045   65:0   12,497   16,364   26,981   35,718   43,771   76,268
2046   65:0   12,639   16,545   27,276   36,113   44,230   77,053
2047   65:0   12,773   16,715   27,568   36,496   44,676   77,858
2048   65:0   12,907   16,892   27,857   36,878   45,151   78,686
2049   65:0   13,040   17,070   28,140   37,259   45,621   79,533
2050   65:0   13,171   17,243   28,436   37,642   46,093   80,400
2051   65:0   13,306   17,420   28,727   38,028   46,574   81,287
2052   65:0   13,445   17,603   29,027   38,425   47,058   82,190
2053   65:0   13,591   17,790   29,336   38,838   47,516   83,104
2054   65:0   13,739   17,984   29,652   39,259   48,002   84,030
2055   65:0   13,889   18,176   29,974   39,681   48,522   84,962
2056   65:0   14,044   18,380   30,310   40,122   49,054   85,909
2057   65:0   14,200   18,584   30,645   40,566   49,578   86,874
2058   65:0   14,356   18,792   30,986   41,021   50,115   87,856
2059   65:0   14,515   19,000   31,332   41,476   50,671   88,852
2060   65:0   14,677   19,211   31,682   41,937   51,238   89,859
2061   65:0   14,842   19,425   32,035   42,405   51,792   90,875
2062   65:0   15,010   19,644   32,394   42,884   52,372   91,898
2063   65:0   15,178   19,865   32,758   43,366   52,961   92,927
2064   65:0   15,352   20,089   33,129   43,857   53,557   93,962
2065   65:0   15,525   20,321   33,506   44,355   54,170   95,001
2066   65:0   15,698   20,547   33,884   44,858   54,782   96,048
2067   65:0   15,875   20,780   34,265   45,360   55,403   97,104
2068   65:0   16,053   21,013   34,647   45,872   56,026   98,170
2069   65:0   16,233   21,246   35,035   46,380   56,649   99,249
2070   65:0   16,411   21,482   35,422   46,894   57,279   100,340
2071   65:0   16,593   21,721   35,814   47,412   57,912   101,443
2072   65:0   16,775   21,958   36,205   47,929   58,547   102,559
2073   65:0   16,960   22,199   36,604   48,458   59,193   103,686
2074   65:0   17,147   22,444   37,005   48,989   59,846   104,822
2075   65:0   17,335   22,691   37,413   49,527   60,505   105,963
2076   65:0   17,524   22,939   37,823   50,073   61,170   107,115
2077   65:0   17,717   23,192   38,240   50,623   61,845   108,282
2078   65:0   17,915   23,447   38,662   51,180   62,525   109,462
2079   65:0   18,110   23,704   39,085   51,742   63,210   110,654
2080   65:0   18,305   23,960   39,510   52,303   63,898   111,857
2081   65:0   18,507   24,222   39,939   52,873   64,596   113,069
2082   65:0   18,706   24,485   40,373   53,449   65,298   114,292
2083   65:0   18,912   24,753   40,814   54,031   66,010   115,527
2084   65:0   19,117   25,021   41,259   54,619   66,731   116,781
2085   65:0   19,325   25,294   41,707   55,215   67,457   118,055
2086   65:0   19,536   25,568   42,159   55,813   68,187   119,347
2087   65:0   19,748   25,845   42,616   56,416   68,923   120,660
2088   65:0   19,960   26,124   43,077   57,025   69,668   121,989
2089   65:0   20,178   26,407   43,546   57,645   70,422   123,335
2090   65:0   20,398   26,698   44,020   58,275   71,189   124,696
2091   65:0   20,620   26,987   44,501   58,913   71,966   126,073
2092   65:0   20,848   27,285   44,992   59,559   72,757   127,467
2093   65:0   21,078   27,587   45,487   60,217   73,559   128,882
2094   65:0   21,310   27,892   45,990   60,882   74,371   130,314
2095   65:0   21,545   28,198   46,496   61,552   75,189   131,796
a Attains age 65 on January 1 of the year.
b Career-average earnings at about 25 percent of the Average Wage Index (AWI).
c Career-average earnings at about 45 percent of the AWI.
d Career-average earnings at about 100 percent of the AWI. Such a worker would have career-average earnings at approximately the 57th percentile of all new retired-worker beneficiaries.
e Career-average earnings at about 160 percent of the AWI.
f Earnings for each year at or above the contribution and benefit base.
g Average Wage Index from table VI.G6, adjusted to be in 2020 dollars by using the CPI indexing series from table VI.G6.
h Annual amounts are the total for the 12-month period starting with the month of retirement, adjusted to be in 2020 dollars by using the CPI indexing series from table VI.G6.

Note: Benefits shown at age 65 reflect adjustments for early retirement. For early retirement as early as age 62, the benefit amount is reduced 5/9 of one percent for each month before normal retirement age, up to 36 months. If the number of months exceeds 36, then the benefit is further reduced 5/12 of one percent per month. For example, if the number of reduction months is 60 (the maximum number for retirement at 62 when normal retirement age is 67), then the benefit is reduced by 30 percent. Delayed retirement credit is generally given for retirement after the normal retirement age. The delayed retirement credit is 2/3 of one percent per month for persons born in 1943 and later. No credit is given for delaying benefits after attaining age 70. See Table V.C3 for additional details, including adjustments applying to other birth years.