If you’re turning 62 in 2025, you may be eligible to start receiving Social Security retirement benefits. But before you rush to claim your monthly check, there are some key factors to consider. On average, those who begin their benefits at 62 will receive around $1,343 per month—but this comes with some trade-offs.
Who Qualifies for Social Security Benefits at 62?
To qualify, you need at least 40 work credits, which typically means you’ve worked for about 10 years in a job where you paid Social Security taxes. In 2025, you earn one credit for every $1,810 in wages, with a maximum of four credits per year. If you’ve met this requirement, you can start receiving benefits as early as 62.
How Much Will You Get?
Your monthly benefit amount depends on your earnings history and when you choose to start collecting. The estimated average for early retirees in 2025 is $1,343, but this number varies. If you wait until your Full Retirement Age (FRA)—which is 67 for those born in 1963—you’ll receive a higher monthly payment.
The Downsides of Claiming Benefits Early
While getting Social Security checks at 62 may sound appealing, it comes with a 30% permanent reduction in benefits compared to waiting until 67. That means if your full benefit at FRA would be $1,900, you’ll only get about $1,343 per month if you claim early.
There’s also an earnings limit to consider. If you continue working while collecting benefits before reaching FRA, you might have some of your payments withheld. In 2025, the earnings limit is $23,400—if you earn more than this, Social Security may deduct some of your benefits.
How to Maximize Your Benefits
If you can afford to wait, delaying your claim past 67 can actually increase your monthly payments. Every year you wait beyond your FRA, your benefit grows by about 8% per year until you reach 70. That could mean a significant boost in your retirement income!
Final Thoughts: Should You Claim at 62?
Claiming Social Security at 62 is a personal decision. If you need the income immediately or have health concerns, it might make sense. However, if you can wait, holding off could lead to much higher monthly payments for the rest of your life.
Before making a decision, check your Social Security Statement online and use the Retirement Estimator Tool to see how much you’d get at different ages. Consulting a financial advisor can also help you make the best choice for your situation.
