How Old Will You Be When Social Security's Funds Run Out?

The Social Security Trust Funds are on a path to run out. Use this tool to find out what you stand to lose unless Washington acts.

If you're having trouble viewing the tool, click here for a direct link.

The Social Security Trust Funds are projected to become insolvent in 2035, according to the program's trustees. At that point, revenues coming into the program will be insufficient to cover scheduled benefits, causing all beneficiaries to suffer a 20 percent benefit cut, regardless of their age, income level, or how much they depend on the program. That cut would generally grow over time, until someone born this year would have a 25 percent cut in their lifetime benefits.

Fortunately, there is still time to fix Social Security's finances without making drastic tax or benefit changes. Acting now would allow policymakers to develop and pass a plan to strengthen the program’s finances, phase in changes gradually to give workers time to prepare, improve benefits for vulnerable beneficiaries, and promote long-term economic growth.

Read more:

• The Social Security Reformer, an online interactive simulator to design your own Social Security reform plan
• Our summary of the 2019 Social Security Trustees' report.
• Our issues page on Social Security has all of our most recent analysis on the program.

Special thanks to our former intern Rick Dionne for assembling this tool and current intern Bethany Burns for updating it.