If you qualify for the federal Social Security Disability Insurance (SSDI) program, your payments are determined by a complex formula drawn from a number of factors about your work experience, income and age. By nature of this formula, you will always receive less than you earned, on average, over the years you worked — in some cases much less and in others up to 90 percent of what you used to make.

[10,000 people died in the past year while stuck in a backlog of judges’ disability cases. Will Joe Stewart be next? ]

If you have an account with the Social Security Administration (SSA), you can see a detailed and more accurate calculation of your benefits on the SSA website. For a quick ballpark estimate of what someone in a position similar to yours might receive if approved for disability in 2018, try the calculator below.

How much might you receive from disability benefits, and would you qualify?

Fill out the three prompts below to estimate how much you might receive from SSDI and how that compares to what you currently earn.

How much do you make in a year?

To calculate how much someone receives as their disability benefit, the SSA uses the average amount you've earned per month over the past 40 years (excluding your five lowest-earning years), adjusted for inflation.

To simplify this formula here, just enter your typical annual income. This income will be adjusted to estimate wage growth over your career.

How old are you?

Your age determines how many work credits you need in order to qualify. In general, the younger you are, the fewer credits are needed.

People age 67 and older do not qualify for SSDI disability, but you can still use this calculator to see how much a 66-year-old with similar income and work experience could receive.

There are special rules for younger workers that this calculator does not include. Estimates may not be accurate for people younger than 24.

How many total years have you worked?

In order to receive benefits, you must have earned a certain number of “work credits” over your lifetime. The minimum number of credits needed varies depending on your age.

You can earn up to four work credits a year. Each $1,300 you earn counts as one credit.

Your monthly income now:$0Estimated disability benefit:$0

Based on the information you entered, you probably would not qualify for disability benefits.

You have about 0 work credits, 6 fewer than the minimum needed for someone of your age to qualify. You would have to work 2 more years to earn enough credits to receive these benefits.

The figures in this calculator are ballpark estimates only. Read more about the methodology and data used.

This calculator provides a rough estimate of what someone could expect to receive from SSDI. For a detailed view of your individual finances, refer to the Social Security Administration.
Source: Social Security Administration

How the calculator works

This calculator replicates SSA’s process of calculating SSDI payments.

This process includes determining elapsed years, computation years and average indexed monthly income (AIME) according to SSA’s guidelines. Those variables are then used in the SSA’s primary insurance amount (PIA) formula to calculate the benefit amount.

To avoid having you enter every year of your income, this calculator makes assumptions about past earnings. It assumes that you earned less money earlier on in your career because you had fewer skills and less experience and that later in your career your earnings grew more slowly.

This simulated wage growth and simplified formula provide only a ballpark disability payment estimate. They don’t take into account extenuating factors that can affect payments, such as years spent caring for a child instead of earning income. This calculator also doesn’t include some SSA provisions, like the “recency-of-work” test, which determines whether you’ve worked recently enough to qualify.

For a more detailed look at disability payments by income, try the SSA’s calculators or register for an account with SSA.


Source: Social Security Administration

Most Read

Follow Post Graphics