Recently the Social Security Administration released the Cost of Living Adjustment for 2022. Also known as COLA, it will be a 5.9% increase over the 2021 amount you receive. Use the calculator below to estimate your Social Security income for 2022.
Instructions:
Enter your current monthly Social Security, SSDI, SSI income in the first field labeled “Enter Monthly SS/SSDI/SSI Income” and the calculator will do the rest.
What Does this 2022 COLA Calculator Calculate?
- 2021 Annual Income (current income)
- 2022 Monthly Income (projected income based on 1.3% COLA)
- 2022 Annual Income (projected income based on 1.3% COLA)
- 2022 Monthly Increase (increase in income per month in 2021)
- 2022 Annual Increase (increase in income per year in 2021)
To see more details about the Social Security changes for 2021 see this article: 2021 Social Security Changes