From Study XVII, Exhibit 47

At depletion, the retirement fund could pay 78% of benefits

Source. SSA and CMS, 2026 Trustees Reports (percent of scheduled benefits)

Method and data

Method. Each bar is the share of scheduled benefits the 2026 Trustees project payable after the fund’s reserves are depleted; the label gives the depletion quarter. The retirement (OASI) and combined (OASDI) bars are two projections for Social Security, the second adding the disability fund.

FundReserves depletedPayable after depletion (%)Report
Social Security retirement (OASI)fourth quarter of 2032782026 Trustees Report summary
Social Security combined (OASDI)third quarter of 2034832026 Trustees Report summary
Medicare Hospital Insurance (HI)second quarter of 2033892026 Medicare Trustees Report (transmittal dated 2026-06-09)

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