senator schumer has provided a calculator for how much your benefits would be under the current social security plan, versus how much less they would be under the privatization plan.

senator schumer says:

All numbers are annual benefits adjusted for inflation. Calculations are based on Congressional Budget Office (CBO) economic assumptions. The President has said that individual accounts would do nothing to restore long-term solvency and that further benefit cuts are necessary. Since he has not made a specific proposal, these estimates assume that benefits are “price indexed,” a proposal made in Plan 2 of President Bush’s Social Security Commission.