Social Security cut calculator: how much would your check drop in 2032?
Updated November 9, 2026 · Based on the 2026 Trustees Report and the 2027 COLA
If Congress does nothing, Social Security's retirement trust fund runs out in late 2032. Checks would then drop to 78% of scheduled benefits, a 22% cut. For the average retiree's $2,170 monthly check in 2027, that is about $477 less a month, or $5,729 a year.
Calculate your cut
Don't know your benefit? Your estimate is in your my Social Security account.
The cut at every benefit level
Under current law the cut is the same percentage for everyone, so bigger checks lose more dollars. Amounts are in 2027 dollars; later cost-of-living raises grow the check and the cut together.
| Monthly benefit | Cut per month | New check | Lost per year |
|---|---|---|---|
| $1,000 | $220 | $780 | $2,640 |
| $1,500 | $330 | $1,170 | $3,960 |
| $2,000 | $440 | $1,560 | $5,280 |
| $2,170 (average retiree) | $477 | $1,693 | $5,729 |
| $2,500 | $550 | $1,950 | $6,600 |
| $3,000 | $660 | $2,340 | $7,920 |
| $3,500 | $770 | $2,730 | $9,240 |
| $4,188 (maximum at full retirement age) | $921 | $3,267 | $11,056 |
What the trustees actually project
| Trust fund | Runs out | Share of benefits payable |
|---|---|---|
| Retirement and survivors (OASI) | Q4 2032 | 78%, falling to 62% by 2100 |
| Retirement + disability combined (OASDI) | Q3 2034 | 83%, falling to 65% by 2100 |
| Disability (DI) | Not before 2100 | 100% |
| Medicare hospital insurance (HI) | Q2 2033 | 89% |
Source: 2026 Trustees Report summary, released June 9, 2026. The Committee for a Responsible Federal Budget estimates the cut closer to 24% once the 2025 tax law is fully counted.
What you can do now
- Check your real numbers. Your benefit estimate at 62, full retirement age and 70 is in your my Social Security account.
- Weigh when you claim. Each year you delay past full retirement age, up to 70, raises your monthly benefit by 8%. A cut would take the same share off a bigger check.
- Plan for a gap. If 22% of your Social Security is a big part of your budget, your savings may need to cover it. A 22% cut on $2,170 a month is about $5,729 a year.
- Watch Congress. The cut is not certain. Lawmakers have six years to change taxes or benefits, as they did in 1983.
Questions people ask
Will Social Security run out of money in 2032?
No. The retirement trust fund's reserves are projected to run out in the fourth quarter of 2032, but payroll taxes keep coming in. Under current law that income would cover about 78% of scheduled benefits, so checks would be cut by about 22%, not stopped.
Would current retirees get cut too?
Yes. Under current law the cut would apply across the board to everyone receiving retirement and survivor benefits from the retirement trust fund, not just new retirees.
How much would my Social Security be cut?
About 22% of your check under the 2026 Trustees Report. On the average 2027 retirement benefit of $2,170, that is about $477 a month or $5,729 a year. Enter your own benefit above to see your number.
Why did the date move earlier?
The 2026 Trustees Report moved the retirement fund's depletion from early 2033 to late 2032. The trustees cited lower revenue from taxing benefits after the 2025 tax law, along with updated fertility and immigration assumptions.
Is disability (SSDI) affected?
The Disability Insurance trust fund is projected to pay full benefits through at least 2100. If Congress combined the two funds, the combined fund would last until 2034 and pay about 83% of benefits after that.
Can Congress stop the cut?
Yes. Congress can change taxes, benefits or both before 2032, as it did in 1983. Options often discussed include raising or removing the cap on earnings taxed for Social Security, raising the payroll tax rate, changing the benefit formula or raising the retirement age.
Sources
- Social Security Administration, 2026 Trustees Report summary
- SSA 2027 COLA fact sheet
- CBS News: Social Security insolvency now projected for 2032
- Committee for a Responsible Federal Budget analysis (via KTVU)
More headline calculators
Social Security checks rise 3.6% in 20272027 COLA calculatorSee your new check →United States
IRS raises 2027 tax brackets and standard deduction2027 tax bracket calculatorSee your 2027 tax →United States
Medicare Part B premium rises again in 2027How much of your COLA Medicare takesSee your real raise →