American workers can start getting Social Security payments when they turn 62, according to the agency in charge of them. It can not be done in their record, though, until they have at least 40 work points.
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 will not know the exact amount of your next payment until Social Security confirms it, but you can see what the usual 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 has not released age-based numbers in a while, it is 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 change. The reason for this is that people aged 62 get a discount for filing early. In fact, they get about 30% less in perks.
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 amount 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 leave 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 standards 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:
- Putting in for retirement at age 62
- having worked for at least 35 years
- having work that SSA paid for
- having made the most that is taxed for at least 35 years