American workers can start getting Social Security benefits when they turn 62, according to the agency in charge of them. It can’t be done in their record, though, until they have at least 40 work credits.
It takes about ten years of work to earn forty work credits. It will depend on how much money you have and how long it will take you to get it. You won’t know the exact amount of your next payment until Social Security confirms it, but you can see what the average payment is.
Social Security checks at 62
Between $1,300 and $1,400 is what you get from Social Security when you turn 62. Since the Agency hasn’t released age-based numbers in a while, it’s not possible to know for sure.
Still, it gives you an idea of how much you might get in retirement at this age. Remember that as of October 2024, the average retirement check for all unemployed people is around $1,924.
Because you can see, there is a big difference. The reason for this is that people aged 62 get a discount for filing early. In fact, they get about 30% less in benefits.
To get all of your benefits without any cuts, you should file when you reach full retirement age. You could also wait to file until you are 70 to get an extra 24%.
Largest Social Security check at 62
The biggest retirement benefit payment as of 2024 is $2,710. This will only last until December 31, 2024. With the new 2025 COLA increase, the biggest payment you get when you retire will be more money after that date.
When this amount is reached, the boost will be even bigger than COLA. In fact, people who meet all the requirements and file their taxes at age 62 in 2025 can get up to $3,018. A 308-dollar boost. What you need to do to get $2,710 from Social Security in 2024:
- filing for retirement at 62
- having worked for a minimum of 35 years
- having had jobs covered by SSA
- having earned the taxable maximum for 35 years at least
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