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If you claim before reaching full retirement age, you receive less than your PIA. In other words, the longer you wait to claim, the larger your benefit will be (with a cap at age 70).
Data source: Social Security Administration. Chart by author. Here's the maximum possible 2025 Social Security benefit at 62, 67, and 70. Earning a high salary throughout your career is just one ...
The advantage of an age 70 claim is that you're guaranteed to maximize your monthly benefit, which will be between 24% and 32% more than what you would have received at your full retirement age ...
There's a huge difference in the maximum retirement benefit of someone claiming as soon as possible at age 62 and someone who waits until their benefits have completely maxed out at age 70.
But that hypothetical worker will get $1,400 per month if they claim benefits at age 62 (70% of $2,000), and they will get $2,480 per month if they claim benefits at age 70 (124% of $2,000).
If you're aiming to hit this milestone -- or are already receiving the maximum monthly benefit -- the following are the maximum monthly benefits at ages 62, 67, and 70 in 2025. A pile of $100 ...