What’s the Average Social Security Benefit at Age 62, 65 and 70?

Social Security recipients will learn later this month how much their benefits will increase in 2027, and the monthly amount varies by when you start drawing retirement benefits. The most current data from the Social Security Administration shows the average retirement benefit is $2,079 a month, and people can start receiving benefits as early as age 62. Those who wait until age 70 can receive a higher amount, while the full retirement age for people born in 1960 or later is 67. The averages based on retirees’ age show $1,424 at 62, $1,607.27 at 65, and $2,274.68 at 70.