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Year. Average Monthly Benefit Among Retired Workers. Maximum Monthly Benefit at Full Retirement Age. 2014. $1,294. $2,642. 2015. $1,329. $2,663. 2016. $1,342. $2,639
Social Security's full retirement age (FRA) is climbing to 66 years and 10 months in 2025. It's the final stop before 2026, when FRA reaches 67 for adults born in 1960 and later.
Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying benefits until 70 would increase it by roughly 24% (assuming your full retirement age is 67).
Your maximum benefit if you file at age 62 – the youngest possible age – is $2,710 per month. Your maximum benefit if you file at full retirement age – between 66 and 67 – is $3,822 per month.
Data source: Social Security Administration. Here's the maximum possible Social Security benefit at ages 62, 66, 67, and 70. Determining the best age to claim Social Security will come down to ...
But you should know that for each month you delay your Social Security claim beyond full retirement age, your monthly benefit grows by 2/3 of 1%. Now, once you turn 70, that benefit can't grow ...