If you know you qualify, you may be looking for a Social Security disability benefits estimator to determine how much you will receive. Social Security Disability Insurance (SSDI) will not fully replace your income when you are employed.
However, the amount will be based on your average lifetime earnings. For example, if you made an average of $60,000 for 20 years, your monthly disability amount might be around $2,000.
If your average income for the last 20 years was $100,000 annually, your disability might be $2,500 each month. However, the Social Security Administration (SSA) puts a cap on monthly benefit amounts.
Even if you averaged a million dollars for 40 years, you would not receive more than $3,627 each month as of 2023. Other payments that can affect your Social Security disability benefits limits include:
- Workers’ compensation from a job-related injury or illness.
- Civil service disability benefits.
- State temporary benefits.
- State or local government retirement benefits.
By means of example, you are eligible for $2,200 monthly from SSDI after earning an average of $4,000 a month. Your employer pays your $2,000 each month from workers’ compensation.
Your SSDI benefits will lower to $1,100 for a total of $3,200, or 80 percent of your original payment. The SSA provides a benefits calculator on its website.
It is important to note that you will not receive your Social Security disability benefits immediately. You will need to wait six months from when SSA approves your application before you receive payment.
But not all public benefits will alter your SSDI payments. The SSA will not reduce your benefits because of Veteran Administration benefits or Supplemental Security Income (SSI).