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Retirement is a numbers game in the United States, and those numbers make a big difference in terms of the Social Security benefits you ultimately receive. Discover More: 9 Moves for Retirement...
Age 65. Age 66. Age 67. Age 68. ... let's examine what the average Social Security benefit is at 62, 67, and 70. ... Once you learn how to maximize your Social Security benefits, we think you ...
Splitting the difference by waiting until 66 or 67 could allow you to avoid waiting too long to retire while also getting you more in benefits. With all that in mind, here's what the maximum ...
Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying benefits until 70 would increase it by roughly 24% (assuming your full retirement age is 67).
It shows the average monthly Social Security benefit for retired workers at different ages. As shown above, the average retired-worker benefit tends to increase with age, such that the average 70 ...
According to 2023 data from the Social Security Administration, the average benefit amount at age 62 is just $1,298 per month -- compared to around $1,884 per month at age 67.
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