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Part: 5 Here's Our Advice > Worksheet 6: Allowing for Inflation in Your Annual ... - Pg. 266

Worksheets Born 1960 or Later 66 65 64 63 62 Born 1943­1959 65 64 63 62 -- Born 1942 or Earlier 64 63 62 -- -- $________ $________ $________ $________ $18,252 93% 87% 80% 75% 70% $________ $________ $________ $________ $12,776 266 Note:This chart assumes that you have worked steadily and received pay increases at a rate equal to the U.S. average. The chart further assumes that you will receive your current earnings until retirement; if your earnings increase, your Social Security benefit may be higher. Social Security benefits are estimated for your normal retirement age (65­67, depending on your date of birth), and are shown in today's dollars. If you retire before your normal retirement age, you will receive a reduced benefit. If you retire after your normal retirement age, your benefit will be increased. For a rough estimate of your retirement benefits, use the two preceding charts. For a more accurate es- timate of your normal or early retirement benefit, contact the Social Security Administration at 1-800-772-1213, or log on to the Social Security Administration's Web site at www.ssa.gov. Worksheet 6: Allowing for Inflation in Your Annual Income Needs Retirement income needed (from Worksheet 5) times Inflation-adjustment factor (from the following table) equals = $ × __________ __________(D)