Retirementradar Updated Aug 27, 2026

Answer from Retirementradar

The age you begin receiving Social Security retirement benefits directly impacts the amount of your monthly payment. Claiming earlier than your full retirement age will result in a permanently reduced benefit, while delaying past your full retirement age can increase it.

Social Security retirement benefits can be claimed as early as age 62, but doing so will reduce your monthly payment. Your full retirement age, which depends on your birth year, is the age at which you can receive your full unreduced benefit. Waiting to claim benefits beyond your full retirement age, up to age 70, earns delayed retirement credits that increase your monthly payment.

This information provides general guidance on Social Security claiming ages and their impact on benefits; individual circumstances may vary.

How much is my Social Security benefit reduced if I claim at 62?

Retirementradar

If you claim Social Security at age 62, your monthly benefit will be permanently reduced by as much as 30% compared to your full retirement age benefit. The exact reduction depends on how many months you claim before reaching your full retirement age.

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