Senior Gig Income Calculator

See how gig work can close your retirement income gap — and whether you need to watch the Social Security earnings limit.

Your Retirement Income

Your age67

Social Security benefit ($/mo)$2,071

Other retirement income ($/mo)$500

Monthly expenses ($)$5,000

Your Gig Work

Hourly gig rate ($)$30

Hours per week15 hrs

Weeks per year48 wks

Social Security Earnings Limit Alert: Your projected gig income exceeds the 2026 limit of $22,320/yr for those under full retirement age (66–67). Social Security will withhold $1 for every $2 earned above this limit. At full retirement age, the limit disappears entirely. Consider adjusting hours or delaying your SS claim.

Annual Gig Income

—

before tax

Total Monthly Income

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SS + other + gig

Monthly Gap / Surplus

—

vs. your expenses

Gig Fills Gap By

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% of shortfall covered

Monthly Income Breakdown

Social Security Other retirement Gig income Expenses

In 2026, the Social Security earnings limit is $22,320/yr for those under full retirement age. At or above full retirement age, you can earn unlimited income with no benefit reduction. Gig income is subject to self-employment tax (~15.3%) plus federal income tax. Consider a SEP-IRA or Solo 401(k) to reduce taxable gig income. For your actual Social Security benefit, visit ssa.gov/myaccount. This calculator is for educational purposes only and does not constitute financial or tax advice.