Once you setup an account with ssa.gov they will provide you with a breakdown of how much money is due to you or your family, pending death and if you become disabled. See below for examples:
At full retirement age (67): $x,xxx a month
At age 70: $x,xxx a month
At early retirement age (62): $x,xxx a month
I suggest creating an account with SSA.gov because it is critical to know exactly how much money you will receive on a monthly basis from Social security during your retirement years. This will allow you ample time to plan how to invest in various markets (i.e. Stocks, Bonds, Mutual Funds, ETFs, Gold, REITs, Real Estate, etc).
You should invest more into your Roth IRA or 401K if you feel you cannot live off of your social security income. Now is the time to think about retirement, even if you are 18 years old. Yes, I said. Imagine working for 30, 40, or 50 years and then having to go into panic mode since you did not plan properly?
Your SSA.gov My Benefits page will also provide you with the following helpful information:
Your estimates are based on the assumption that you will earn $xx,xxx a year from now until retirement.
Disability
If you become disabled right now your estimated payment would be: $x,xxx
(You can even apply online through SSA.gov for Disability
Family
If you get retirement or disability benefits, your spouse and children also may qualify for benefits.
Survivors
You have enough credits for your family to qualify for survivor benefits. If you die this year, certain members of your family may be eligible for these benefits:
Your child: $x,xxx a month
Your spouse who is caring for your child: $x,xxx
Your spouse (starting at full retirement age): $x,xxx a month
Your total family benefits cannot be more than $x,xxx a month.
Your spouse or minor child may be eligible for a special one-time death benefit of $x,xxx.
Please don't become a victim of poor retirement planning! Watch these videos below to learn more about Social Security.
Franklin Roosevelt Social Security Speech
Social Security vs. Private Retirement
The Social Security Story
Social Security Administration Interview