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Your Social Security retirement benefits are calculated based on an average of your 35 highest-paid working years, so the answer to this question would be unique to the individual. At 63, you would receive approximately 80% of the amount you'd get at full retirement age (for people born before 1943, age 65; for people born between 1943 and 1954, age 66).
You can use one of the Social Security Administration's benefit calculators to estimate your benefits or request a statement showing your current benefit projects. Both processes can be initiated online.
For more information, see Sources and Related Links, below.
What else can I help you with?
How do you find out how much you get when you retire at the age of 62?
where can i get info on how much will i receive from social security when i retire at age 62 or how can get in touch with social security
How much will your Social Security check be if you retire at the age of 66?
As I understand you can make as much as you want after age 66 and still draw your full social security.
Can you retire and collect Social Security at age 51?
why can i retire at 51 can i get any benenfit
What is the earliest age I can retire?
The earliest age that you can retire is at 62 years old.
Maximum earning while receiving early social security 2009?
if i retire at the age of 62 how much money can i make.
If you retire at age 63 how much can you earn?
If you retire at age 63, your earnings limit will depend on your specific situation. For individuals receiving Social Security benefits, there is an earnings limit if you choose to claim benefits before reaching full retirement age. For 2021, the earnings limit is $18,960 per year ($1,580 per month). If you earn over this limit, your Social Security benefits may be reduced.
How much Social Security will I receive if I retire at 62?
The amount of Social Security you will receive if you retire at 62 depends on your earnings history. On average, retiring at 62 typically results in receiving about 30-35 less in benefits compared to retiring at full retirement age. It's important to check your Social Security statement or use an online calculator to get an estimate based on your specific circumstances.
How can I talk to someone about individual retirement?
When you are ready to retire, you can contact social security and make an appointment with your local social security office, you must be age 65 to get the full benefit.
Is it possible for me to retire at 40 and still collect social security benefits?
No, you cannot collect Social Security benefits until you reach the minimum retirement age, which is currently 62.
When can I begin collecting Social Security retirement benefits, and can I change my mind if I start collecting too early?
You can get Social Security retirement benefits as early as age 62, but if you retire before your full retirement age, your benefits will be reduced, based on your age. For example, if you retire at age 62, your benefit would be about 25 percent lower than what it would be if you waited until you reach full retirement age. You can still work while collecting your Social Security.
Can you apply for Social Security at age 59?
No, the earliest you can collect Social Security retirement benefits is age 62. While you may be able to retire at age 55, you will need to have other resources to draw from until you are eligible for Social Security. Retiring at age 55 is difficult for most people. Not only are not you not eligible for Social Security for many more years, but in general, you can't access your retirement accounts until you reach age 59 1/2. Also, you don't qualify for Medicare until age 65. All of these combined make it very difficult for the average person to retire at 55. If you are retiring because of disability and qualify for Social Security disability benefits, you can collect those before age 62.
How much money can I make while collecting Social Security?
The amount of money you can make while collecting Social Security depends on your age and whether you have reached full retirement age. If you are under full retirement age, there is a limit to how much you can earn before your Social Security benefits are reduced. Once you reach full retirement age, there is no limit on how much you can earn while collecting Social Security.
