This Is the Average Social Security Benefit for Age 67
Social Security was never intended to provide the entirety of your retirement income, for the record. Indeed, given the prospect of reduced payouts beginning roughly a decade from now, the program shouldn't even be expected to provide the bulk of your retirement income.
Nevertheless, given your likely future need in addition to the assumption that most projected Social Security benefits will still be paid, it might be nice to know what awaits. Here's a rough idea of what to expect then based on what's happening now.
There are several factors that determine your eventual Social Security retirement benefits. Your income during your working years is one of them. The more taxable income you earn, the more you get back once you retire. The number of years you work also matters.
Source Fool.com
