First, we encourage you to set up an online my Social Security account so you can verify your lifetime earnings record and make sure you get credit for all of your contributions to the Social Security system through the Federal Insurance Contributions Act (FICA) payroll taxes. If you haven’t set up your personal my Social Security account yet, you can do so at www.socialsecurity.gov/myaccount.
Then, you can use your earnings history and our online retirement estimators and calculators to get a glimpse of what your Social Security retirement future looks like. You’ll find important details such as your retirement age, life expectancy, and estimates of how much you may receive in future retirement benefits from Social Security.
As you look ahead to ensuring a secure, comfortable future for you and your family, it’s important to keep in mind that Social Security replaces about 40 percent of your pre-retirement income, on average. So, a responsible retirement plan includes planning for more than Social Security.
Here are some more things you can do now to build your financial security: