If you’re hitting age 62 in 2025, you’re probably wondering what your Social Security check might look like. According to the latest data from the Social Security Administration (SSA), the average monthly benefit for new retirees starting at 62 is projected to be about $1,343. That number could be a welcome addition to your income—or it might raise questions about whether you’re ready to retire.
Social Security is more than just a monthly deposit—it’s a key part of the retirement puzzle for millions of Americans. Let’s break down how it works, what you’re eligible for at 62, and how to make smart decisions for your future.
Overview
Here’s a quick look at what Social Security at 62 in 2025 might mean:
| Topic | Details |
|---|---|
| Monthly Benefit at Age 62 | Average: $1,343/month (SSA Source) |
| Eligibility Age | 62 or older in 2025 |
| Minimum Work Credits | 40 credits (around 10 years of work) |
| Max Benefit at 62 | Up to $2,831/month for high earners |
| Full Retirement Age (FRA) | 67 for those born in 1960 or later |
| Early Claiming Penalty | Up to 30% reduction if claimed at 62 |
| How to Apply | Online, Phone, or Local SSA Office |
| Official Website | www.ssa.gov |
So while the average benefit is $1,343, some people could see more—or less—depending on their situation.
Eligibility
To qualify for Social Security benefits in 2025, you’ll need to be at least 62 years old and have earned at least 40 work credits. That typically means working and paying Social Security taxes for about 10 years.
Each credit in 2025 is earned by making $1,730 in income, and you can earn up to four credits per year. You can check your credit count and earnings record by creating an account at ssa.gov/myaccount.
Earlyclaiming
Yes, you can claim benefits at 62—but it comes at a cost. For folks born in 1963 (who turn 62 in 2025), the full retirement age (FRA) is 67. If you claim benefits early, your monthly amount will be permanently reduced by up to 30%.
Here’s a quick example:
| Age You Claim | Monthly Benefit |
|---|---|
| 67 (FRA) | $1,918 |
| 62 | $1,343 |
| 63 | $1,447 |
Waiting just one extra year can make a noticeable difference in your income.
Calculation
Your benefit amount is based on your top 35 years of earnings, adjusted for inflation using the Average Wage Index. If you have fewer than 35 working years, zeroes are factored into your average, which pulls your benefit down.
Key points that affect your benefit:
- Earnings history: Higher income = bigger benefit.
- Age you start: The earlier you claim, the smaller your check.
- Cost-of-Living Adjustments (COLA): These annual increases help offset inflation.
For example, in 2024, beneficiaries received a 3.2% COLA. A similar bump is expected in 2025.
Proscons
Is it smart to claim at 62? It depends on your situation.
Pros:
- You get money sooner
- Helpful if you’re in poor health
- Can be a lifeline if you’re unemployed
Cons:
- Smaller monthly checks for life
- Benefits could be taxed if you’re still working
- Reduced survivor benefits for your spouse
A financial planner might suggest waiting: “Delaying your claim until age 70 could mean earning up to 76% more per month than starting at 62,” says Jane Kim, CFP. If you’re in good health and can wait, the long-term payoff might be worth it.
Application
You can apply for benefits as early as four months before your start date. Here’s how:
- Online: Visit ssa.gov/benefits/retirement
- By Phone: Call 1-800-772-1213 (TTY 1-800-325-0778)
- In Person: Schedule an appointment at your local SSA office
You’ll need:
- Proof of age (birth certificate)
- Social Security number
- Work and earnings history
- Bank account info for direct deposit
And no—you don’t have to stop working to apply. You just need to meet the eligibility requirements.
Maximizing
Want to squeeze the most value out of Social Security? Try these tips:
- Wait to claim – Each year you delay after 62 increases your payout.
- Boost your earnings – Especially in your highest-earning years.
- Use spousal benefits – You may be eligible based on a spouse’s record.
- Coordinate with other savings – Time withdrawals from IRAs or 401(k)s to support your income.
- Watch taxes – Up to 85% of your benefits could be taxable, depending on your income.
Claiming Social Security is a big decision. Whether you start at 62 or wait until later, knowing your options can help you build a smarter retirement plan.
FAQs
What is the average benefit at 62 in 2025?
About $1,343 per month, based on SSA estimates.
How many work credits do I need?
You need 40 credits, or about 10 years of work.
Is there a penalty for early claiming?
Yes, up to 30% reduction if claimed before age 67.
Can I still work while receiving benefits?
Yes, but benefits may be taxed if income is too high.
How do I apply for benefits?
Online, by phone, or at your local SSA office.
