What is the highest pension per month?
What is the highest pension per month? The maximum Social Security benefit in 2023 is $3,627 at full retirement age. It's $4,555 per month if retiring at age 70 and $2,572 if retiring at age 62.
Can I retire at 62 with 300k?
The short answer to this question is Yes. If you've managed to save $300k successfully, there's a good chance you'll be able to retire comfortably, though you will have to make some compromises and consider your plans carefully if you want to make that your final figure.
What are the disadvantages of retiring at 62?
The cons of early retirement include: Years of no income. A potential health insurance crunch. A loss of meaning.