What is the average Social Security check at age 62?
What is the average Social Security check at age 62? 62 Years Old If people born after 1960 claim their benefits the month they turn 62, they'll get only 70% of what they would have received had they waited until the full retirement age of 67. The average monthly payment of $1,782 drops by 30% during the first month of eligibility to $1,247.40.
What is special about turning 62?
Age 62 is the earliest point at which you can claim Social Security. But if you file at that age, you'll reduce the monthly benefit you're entitled to collect -- potentially for life.