If you want to do your own calculations, you can check your estimated benefit at different ages with your Social Security Administration account.

One of the best benefits of Social Security is that individuals can receive benefits based on their partner's work history, known as spousal benefits. With Social Security spousal benefits, someone is eligible to receive up to 50% of their spouse's PIA, assuming they claim benefits at their FRA.

The Social Security program, a financial lifeline for millions of Americans, is facing significant challenges. With a 20% loss in purchasing power since 2010, retirees must navigate a landscape where their benefits may not stretch as far as they once did.