How much you receive in Social Security retirement benefits depends on multiple factors, which include when you open your claim.
Generally, people as young as age 62 can begin receiving benefits. However, claiming benefits early could mean forfeiting as much as 30% of your full benefit amount.
On the other hand, for every year past your full retirement age that you wait to claim benefits, your monthly payment will get an 8% boost, up to age 70.
To see how much payments vary by age, we looked at the 2021 Annual Statistical Supplement from the Social Security Administration. It reports data from December 2020, which is the most recent information of this type available.
According to the supplement, average payments to Social Security beneficiaries rise steadily for those in their 60s and early 70s before leveling off. Average payments to those in their 80s are slightly lower, which could reflect the fact that average incomes were lower when these beneficiaries retired.
At every age, retired men receive more than retired women.
Keep reading to see the average monthly benefit for retirees at every age from 62 to 94.
Age 62
Average Social Security benefit among:
- All retirees this age: $1,148.19 per month
- Retired men this age: $1,283.70
- Retired women this age: $1,025.67
Age 62 isn’t just the earliest age at which most people can start receiving benefits; it also is the age at which the largest share of people actually do so, as we detail in “This Is When the Most People Start Taking Social Security.”
Age 63
Average Social Security benefit among:
- All retirees this age: $1,165.62 per month
- Retired men this age: $1,297.32
- Retired women this age: $1,045.90
Age 64
Average Social Security benefit among:
- All retirees this age: $1,223.75 per month
- Retired men this age: $1,362.55
- Retired women this age: $1,098.34
Age 65
Average Social Security benefit among:
- All retirees this age: $1,334.68 per month
- Retired men this age: $1,488.75
- Retired women this age: $1,196.28
Age 65 is a coveted retirement milestone for many Americans, as it is the age at which they become eligible for Medicare, the federal health insurance program for seniors and people with certain disabilities or medical conditions.
Age 66
Average Social Security benefit among:
- All retirees this age: $1,527.70 per month
- Retired men this age: $1,705.72
- Retired women this age: $1,351.45
Age 66 is the second-most common age at which people claim Social Security retirement benefits. It may be popular because it’s the year when most people hit their “full retirement age.”
Age 67
Average Social Security benefit among:
- All retirees this age: $1,519.65 per month
- Retired men this age: $1,693.09
- Retired women this age: $1,339.71
Age 67 is the full retirement age for people born in 1960 or later.
Age 68
Average Social Security benefit among:
- All retirees this age: $1,550.65 per month
- Retired men this age: $1,728.19
- Retired women this age: $1,365.94
Age 69
Average Social Security benefit among:
- All retirees this age: $1,555.07 per month
- Retired men this age: $1,732.61
- Retired women this age: $1,370.61
Age 70
Average Social Security benefit among:
- All retirees this age: $1,632.82 per month
- Retired men this age: $1,814.22
- Retired women this age: $1,446.20
Age 71
Average Social Security benefit among:
- All retirees this age: $1,648.68 per month
- Retired men this age: $1,832.23
- Retired women this age: $1,461.42
Age 72
Average Social Security benefit among:
- All retirees this age: $1,659.92 per month
- Retired men this age: $1,848.34
- Retired women this age: $1,468.39
Age 73
Average Social Security benefit among:
- All retirees this age: $1,634.27 per month
- Retired men this age: $1,819.17
- Retired women this age: $1,445.29
Age 74
Average Social Security benefit among:
- All retirees this age: $1,645.67 per month
- Retired men this age: $1,835.70
- Retired women this age: $1,452.03
Age 75
Average Social Security benefit among:
- All retirees this age: $1,605.54 per month
- Retired men this age: $1,786.64
- Retired women this age: $1,420.71
Age 76
Average Social Security benefit among:
- All retirees this age: $1,598.45 per month
- Retired men this age: $1,779.56
- Retired women this age: $1,415.63
Age 77
Average Social Security benefit among:
- All retirees this age: $1,596.01 per month
- Retired men this age: $1,777.09
- Retired women this age: $1,414.39
Age 78
Average Social Security benefit among:
- All retirees this age: $1,597.78 per month
- Retired men this age: $1,780.84
- Retired women this age: $1,414.71
Age 79
Average Social Security benefit among:
- All retirees this age: $1,598.28 per month
- Retired men this age: $1,782.96
- Retired women this age: $1,415.83
Age 80
Average Social Security benefit among:
- All retirees this age: $1,580.31 per month
- Retired men this age: $1,757.99
- Retired women this age: $1,405.78
Age 81
Average Social Security benefit among:
- All retirees this age: $1,548.95 per month
- Retired men this age: $1,714.17
- Retired women this age: $1,388.44
Age 82
Average Social Security benefit among:
- All retirees this age: $1,532.79 per month
- Retired men this age: $1,691.60
- Retired women this age: $1,379.82
Age 83
Average Social Security benefit among:
- All retirees this age: $1,507.34 per month
- Retired men this age: $1,653.18
- Retired women this age: $1,368.10
Age 84
Average Social Security benefit among:
- All retirees this age: $1,461.72 per month
- Retired men this age: $1,582.41
- Retired women this age: $1,348.31
Age 85
Average Social Security benefit among:
- All retirees this age: $1,440.93 per month
- Retired men this age: $1,546.08
- Retired women this age: $1,343.42
Age 86
Average Social Security benefit among:
- All retirees this age: $1,438.80 per month
- Retired men this age: $1,535.77
- Retired women this age: $1,350.63
Age 87
Average Social Security benefit among:
- All retirees this age: $1,444.63 per month
- Retired men this age: $1,540.29
- Retired women this age: $1,359.67
Age 88
Average Social Security benefit among:
- All retirees this age: $1,465.18 per month
- Retired men this age: $1,567.87
- Retired women this age: $1,377.18
Age 89
Average Social Security benefit among:
- All retirees this age: $1,455.12 per month
- Retired men this age: $1,545.33
- Retired women this age: $1,379.64
Ages 90-94
Average Social Security benefit among:
- All retirees this age: $1,459.34 per month
- Retired men this age: $1,542.75
- Retired women this age: $1,398.48
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