Initial Settings

The required information needed for the Social Security Estimator to perform its function include:
► Marital Status – to enable the second set of estimates on the same page.
► Gender – to determine your Current Life Expectancy, which is based on the Social Security Actuarial Life Tables.
► Date of Birth – to determine your Full Retirement Age.
► Cost-Of-Living Adjustment (COLA) – to determine the rate of benefit increase.
► Monthly Benefit at Full Retirement Age – to help you determine the total cumulative benefit amount.

Social Security Assumptions

The assumptions include the settings for the Cost-Of-Living Adjustment (COLA) rate with the range of 0.00% to 3.00%, which can be estimated from the historical COLA information available on the page. The Social Security Estimator will automatically increase the projections for your Social Security benefits using this COLA rate.

Social Security Assumptions

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