Estimated Social Security retirement benefits by claiming age from 62 to 70. See how much more you get by waiting, plus maximum benefit amounts.
Est. monthly search volume: 150K+/mo
| Claiming Age | % of Full Benefit | Est. Monthly | Est. Annual | Notes |
|---|---|---|---|---|
| 62 | 70% | $1,274 | $15,288 | Maximum reduction (30%) |
| 63 | 75% | $1,365 | $16,380 | 25% reduction |
| 64 | 80% | $1,456 | $17,472 | 20% reduction |
| 65 | 86.7% | $1,578 | $18,936 | 13.3% reduction |
| 66 | 93.3% | $1,698 | $20,376 | 6.7% reduction |
| 67 (FRA) | 100% | $1,820 | $21,840 | Full Retirement Age |
| 68 | 108% | $1,966 | $23,592 | 8% delayed credit |
| 69 | 116% | $2,111 | $25,332 | 16% delayed credit |
| 70 | 124% | $2,257 | $27,084 | Maximum benefit age |
| Claiming Age | Maximum Monthly Benefit |
|---|---|
| Age 62 | $2,710/mo ($32,520/yr) |
| Age 67 (FRA) | $3,822/mo ($45,864/yr) |
| Age 70 | $4,873/mo ($58,476/yr) |
The maximum benefit at age 70 is $4,873/month ($58,476/year). At full retirement age (67), the maximum is $3,822/month. At age 62, the maximum is $2,710/month.
Full retirement age (FRA) is 67 for anyone born in 1960 or later. This is the age at which you receive 100% of your benefit. Claiming earlier reduces it; waiting until 70 increases it.
Benefits increase 8% per year for each year you delay past FRA until age 70. Waiting from 67 to 70 increases your benefit by 24%.
If you claim at 62, you get 30% less per month but collect for 5+ more years. If you wait until 70, you get 24% more. The break-even age is around 80-82. If you expect to live past 82, waiting is better financially.