Status of Social Security Benefits at Age 62 and Benefit Differences by Retirement Timing
- 1As of December 2025, the average monthly benefit for the 62-year-old population was $1,424.40.
- 2Individuals with a full retirement age of 67 will face a permanent 30% reduction in benefits if they apply at age 62.
- 3The average monthly benefit for men aged 62 was $1,572.83, which was higher than for women.
So what's the key point?
The average Social Security benefit received at age 62 is $1,424.40. If someone who is scheduled to retire at 67 begins receiving benefits at age 62, the amount will decrease by 30%.
Source The Motley Fool +1 · View original ↗
Nothing hidden: past picks and how they did against the S&P 500.