How To Find Out How Much You Will Get From Social Security

Social Security benefits will be a major source of retirement income for most Americans. Yet, shockingly, only some people have a good idea of how much they will receive in benefits from Social Security. In fact, new research from the National Institute on Retirement Security says just 11% of Americans who haven’t yet retired know precisely how much they will receive from Social Security.

According to the survey of 1,200 individuals aged 25 or older, 22% of respondents said they had no idea at all how much their future Social Security benefits would be. I’d be willing to bet that even more people have a false sense of what they expect to get from Social Security in the future.