See how a COLA increase could change your monthly and annual Social Security benefit.
For a quick planning estimate, the calculator multiplies your current gross monthly benefit by the COLA percentage, then adds that increase to your current benefit. It also multiplies the monthly results by 12 for annual figures.
SSA applies COLA within its statutory benefit formula and uses specific truncation and rounding steps. Claiming-age adjustments, family benefits, withholding, and Medicare can also affect your final payment.
Every important figure links back to the government publication that produced it.