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What is the maximum Social Security benefit at age 62?

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The exact amount of your benefit is calculated based on the average of your 35 highest-earning years, which varies by individual. At age 62, you would receive 75% of the amount that you would qualify to receive if you waited until your Full Retirement Age (66 if you were born between 1943 and 1954).

The maximum retirement benefit is $2,346. This is based on a person retiring at age 66 in 2010, after making at least 35 years of maximum FICA contributions. At age 62, that person would receive $1,759.50 per month.

The average monthly benefit for a retired worker is $1,164. At age 62, that benefit would be permanently reduced to $863.00 per month (not including periodic cost of living adjustments).
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