Social Security is one of the most important income sources for millions of retired Americans. In 2025, the program will provide support to about 72 million people, including retired workers, survivors, and people with disabilities.
But many people often ask: How much will you get if you claim Social Security at age 62? This article explains the average benefit amount, how claiming early affects your monthly payments, and the trade-offs you need to consider before making a decision.
What Is Social Security in 2025?
The Social Security Administration (SSA) is paying out around $1.6 trillion in benefits this year to over 72 million people. Out of this, more than 56 million retired workers are receiving monthly retirement benefits.
Social Security is designed to provide steady income after retirement, but the amount you get depends on your lifetime earnings and the age you start claiming.
Claiming Social Security at Age 62
The earliest age you can claim Social Security is 62. However, there is a catch: if you claim this early, your monthly benefit is permanently reduced.
- Reduction amount: If you claim at 62, your benefit is cut by about 30% compared to waiting until your Full Retirement Age (FRA), which is 67 for people born in 1960 or later.
- Waiting advantage: If you wait until after FRA, your benefits grow each year until age 70, giving you a much larger monthly check.
This decision can greatly impact your retirement income strategy.
Average Social Security Benefit at 62 in 2025
As of the end of 2024, the average Social Security retirement check at age 62 was $1,342 per month, which equals about $16,104 per year.
Here’s a quick comparison of benefits depending on the age you start:
| Claiming Age | Monthly Benefit (Average) | Annual Benefit (Average) | Notes |
|---|---|---|---|
| 62 | $1,342 | $16,104 | 30% lower than FRA |
| 67 (Full Retirement Age) | $1,918 (est.) | $23,016 (est.) | Full benefit amount |
| 70 | $2,374 (est.) | $28,488 (est.) | Highest possible amount |
Why Do Some People Claim at 62?
Even though claiming at 62 reduces monthly payments, many people still choose this option because:
- They need immediate financial support.
- They want to use the money earlier for expenses, healthcare, or lifestyle needs.
- They are concerned about health issues and prefer accessing benefits sooner.
The decision depends on personal circumstances. Some people value more money per month later, while others need cash flow immediately.
Should You Wait for a Higher Benefit?
If you can wait, claiming later increases your monthly income:
- At 67 (FRA), you get 100% of your earned benefit.
- At 70, you get about 24–32% more than FRA.
This means if you live longer, waiting often pays off because you’ll collect higher checks over more years.
The Bigger Picture of Social Security in 2025
Social Security remains a lifeline for millions. In 2025:
- 72 million beneficiaries are receiving benefits.
- $1.6 trillion is being distributed nationwide.
- Most beneficiaries are retired workers, while others include survivors and people with disabilities.
With rising living costs, understanding how much you’ll receive and when to claim is more important than ever.
Tips for Claiming at 62
- Average check at 62 in 2025: $1,342 per month.
- Full Retirement Age (67): Larger payments, around $1,918 per month.
- Age 70: Maximum growth in benefits, about $2,374 monthly.
- Decision point: Claim early for immediate needs or wait for long-term income security
Social Security is not just a monthly payment; it’s a foundation of retirement income for millions of Americans. In 2025, the average Social Security check at age 62 is $1,342 per month. While claiming early offers faster access to money, it permanently reduces your benefit.
Waiting until full retirement age or even age 70 means more financial stability later in life. Each individual should carefully weigh their health, financial needs, and long-term plans before making this important choice.
FAQs
What is the average Social Security benefit at 62 in 2025?
The average check at 62 is about $1,342 per month or $16,104 per year, but this amount can vary depending on your earnings history.
Does claiming at 62 permanently reduce benefits?
Yes. Claiming at 62 reduces your monthly benefit by about 30% compared to waiting until your full retirement age (67).
Is it better to claim at 62 or wait until 70?
It depends on your needs. Claiming at 62 gives you money sooner, but waiting until 70 provides much larger monthly checks, which is better if you live longer.