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Status of Social Security Benefits at Age 62 and Benefit Differences by Retirement Timing

The Motley Fool +1 ·

  1. 1As of December 2025, the average monthly benefit for the 62-year-old population was $1,424.40.
  2. 2Individuals with a full retirement age of 67 will face a permanent 30% reduction in benefits if they apply at age 62.
  3. 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 ↗

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