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Social Security at 62: How Much Will I Get?
Claiming at 62 pays 70% of your full benefit: about $1,642 a month on $60,000 average earnings. Table by earnings level.
Your work record
Estimated monthly benefit
$1,735
| Average monthly earnings (AIME) | $5,417 |
| Benefit at full retirement age (PIA) | $2,479.20 |
| Your full retirement age | 67 |
| At 62 | $1,735 |
| At 70 | $3,074 |
| A year at the age you chose | $20,820 |
The 2026 formula pays 90% of the first $1,286 of your average monthly earnings, 32% up to $7,749 and 15% above that. Claiming before full retirement age cuts the benefit for life (up to 30% at 62); each year you wait after it adds 8% until 70. You need 40 credits (about 10 years of work).
Rules last checked October 2026. Simple estimate in today's dollars, without inflation indexing or spousal benefits. Not legal, tax or financial advice. 🔒 Everything stays on your device.
✅ Rules last checked:
📚 Official sources: SSA: benefit formula · SSA: retirement age
We build every tool from the official rules and re-check them when they change. Always confirm with the official source before you rely on a result.
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Social Security if you claim at 62
If you were born in 1960 or later, your full retirement age is 67. Claiming at 62 cuts it by 30% for life. With average earnings of $60,000 a year that's about $1,642 a month, compared with $2,345 at 67.
You're paid sooner, but waiting until 67 pays $703 more a month and comes out ahead in total after about age 79.
| Average yearly earnings | At 62 | At 67 |
|---|---|---|
| $30,000 | $1,082 | $1,545 |
| $45,000 | $1,362 | $1,945 |
| $60,000 | $1,642 | $2,345 |
| $80,000 | $2,015 | $2,879 |
| $100,000 | $2,319 | $3,313 |
| $150,000 | $2,756 | $3,938 |
| $184,500 | $3,058 | $4,369 |
Estimated monthly benefit in today's dollars, 2026 formula, born 1960 or later, 35 years of work. Your real estimate is in my Social Security.
Questions people ask
How is Social Security calculated?+
SSA averages your 35 highest years of indexed earnings into a monthly figure (AIME), then pays 90% of the first $1,286, 32% up to $7,749 and 15% above.
What is my full retirement age?+
67 if you were born in 1960 or later; between 66 and 67 for 1955–1959.
How much more do I get if I wait until 70?+
8% for each year after full retirement age: 24% more at 70 if your full age is 67.