You can get Social Security retirement benefits as early as age Visit our website to learn how claiming retirement benefits early will affect your benefit amount. When you delay benefits beyond your full retirement age, the amount of your retirement benefit will continue to increase up until age There is no incentive to delay claiming after age Beyond deciding when to begin receiving retirement benefits, other factors that can affect your benefits include whether you continue to work, what type of job you had, and if you have a pension from certain jobs.
You can choose to keep working beyond your full retirement age. If you do, you can increase your future Social Security benefits. Each extra year you work adds another year of earnings to your Social Security record. Higher lifetime earnings can mean higher benefits when you choose to receive benefits. While Social Security earnings are calculated the same way for most American workers, there are some types of earnings that have additional rules.
Pensions and taxes have the potential to impact your retirement benefit. Review the resources below on pensions and other factors you should consider:. Learn about Emergency Assistance for Homeowners and Renters. Retirement Benefits Learn Apply Manage.
Ready To Retire? Getting Benefits. Benefits and Your Income. Benefits for Spouses. Benefits for Dependents, Survivors, After Divoce. Immigrants, Non-Citizens, Americans Abroad. Smart Benefits Strategies. Retirement Planning Social Security. Table of Contents Expand. What Is Social Security? When Am I Eligible? How Is Eligibility Determined? How Much Will I Get? What's the Spousal Benefit?
Do I Owe Taxes on Benefits? How Do I Apply for Benefits? How Does the System Work? Is Social Security in Trouble? Key Takeaways Social Security income is a popular and important public pension system in the U. Americans become eligible for full Social Security benefits at age 62, but benefit amounts depend on how early you elect to start. The age at which full retirement benefits are paid is 67 for people born in or after, and 66 for those born from to For those born from to , the age increases annually by two months.
Spouses are eligible for benefits even if they never worked for pay. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
If you enter your date of birth and the effective month for beginning your benefits, we will tell you the effect of early or delayed retirement as a percentage of your primary insurance amount. Please note that benefits are generally paid in the month following the effective month. The month you will reach your normal retirement age is. Need Larger Text? Skip to content Social Security Online. Office of the Chief Actuary.
Just be sure that you have enough other income to keep you going and that your health is good enough that you are likely to benefit from the wait. Social Security Administrator. Social Security Administration. Social Security Bulletin.
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