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 while benefits typically increase each year with the cost of living adjustment – that announcement is coming Oct. 14 – the amount of monthly benefits varies widely on when you start drawing your retirement benefits.

The most current data from the Social Security Administration shows the average retirement benefit is $2,079 a month.

You can start receiving Social Security retirement benefits as early as age 62. You are only eligible for your maximum amount, however, when you reach your full retirement age, or FRA. And, if you delay past FRA to age 70, caps related to other income are removed.

For those born in 1960 or later, FRA is age 67. You can check your FRA here.

Start drawing early and your benefits are reduced by a small percentage for each month before FRA. People who claim benefits at age 62 can see their monthly payments reduced by up to 30%, while those who wait to begin collecting after FRA see an increase of about 8% per month until age 70.

READ MORE: Social Security’s 2027 COLA announcement just weeks away: What to expect, Medicare costs

What’s the average monthly benefit based on age?

Investing website 24/7 WallStreet used Social Security Administraton data to determine the average retirement benefits by age. The data is from December 2025, so there will be some slight differences in current amounts. It’s also important to note these averages represent only retirement benefits and not other programs, such as Social Security Disability Insurance.

Here are the monthly averages based on retirees’ age:

• 62 – $1,424
• 63 – $1435.81
• 64 – $1,478
• 65 – $1,607.27
• 66 – $1,807.28
• 67 – $2,016.48
• 68 – $2,052.64
• 69 – $2,096.95
• 70 – $2,274.68
• 71 – $2,247.76
• 72 – $2,205.21
• 73 – $2,207.96
• 74 – $2,178.87
• 75 – $2,144.88
• 76 – $2,157.21
• 77 – $2,170.80
• 78 – $2,140.16
• 79 – $2,155.77
• 80 – $2,106.29
• 81 – $2,099.82
• 82 – $2,098.76
• 83 – $2,102.12
• 84 – $2,101.26
• 85 – $2,077.11
• 86 – $2,036.62
• 87 – $2,015.54
• 88 – $1,983.29
• 89 – $1,925.36
• 90 – $1,898.34
• 91 – $1,894.74
• 92 – $1,899.20
• 93 – $1,920.13
• 94 – $1,907.78
• 95 – $1,890.03
• 96 – $1,889.08
• 97 – $1,891.21
• 98 – $1,887.57
• 99-plus – $1,845