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Social Security: Estimating Retirement Benefits
 

Average 2003 Monthly Social Security Benefits
  • Retired worker: $895
  • Retired couple: $1,483
  • Disabled worker: $833
  • Disabled worker with a spouse and child: $1,395
  • Widow(er): $862
  • Young widow(er) with two children: $1,838
2003 Earnings Limits
  • If you have not reached full retirement age (65 and 2 months in 2003), you can earn up to $11,520 with no reduction in benefits. For every $2 you earn over $11,520, $1 is withheld from your benefits.
  • In the year you reach your full retirement age, your benefits will be reduced $1 for every $3 you earn over a higher earnings limit ($30,720 in 2003) until the month you reach full retirement age. Then you can work without any reduction in your monthly benefits no matter how much you earn. (Full retirement age is 65 for persons born before 1938 and gradually increases to 67 for persons born in 1960 or later.) 2003
SSI Payment Rates
(does not include state supplement, if any)
  • $552 for an individual
  • $829 for a couple.
 

Copyright 2006 . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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