$2,324
For someone at full retirement age, the maximum amount is $3,113, and for someone aged 62, the maximum amount is $2,324. The absolute Social Security max benefit that an individual can receive per month in 2021 is $3,895, and to get it you must file at age 70.

Can a person collect Social Security at 62?

You can get Social Security retirement benefits as early as age 62. However, we’ll reduce your benefit if you retire before your full retirement age. For example, if you turn age 62 in 2021, your benefit would be about 29.2 percent lower than it would be at your full retirement age of 66 and 10 months.

What happens to your Social Security benefits when you turn 62?

If you claim Social Security at age 62, rather than waiting until your full retirement age (FRA), you can expect up to a 30% reduction in monthly benefits. For every year you delay past your FRA up to age 70, you get an 8% increase in your benefit.

When to take Social Security at full retirement age?

We have the option of taking benefits starting at age 62 (earliest), at full retirement age (65 to 67), between 62 and full retirement age or waiting beyond full retirement age to take benefits at 70. Spouses can take benefits based on their individual earnings or a spousal benefit based on spouses’ earnings.

What happens to your Social Security benefits when you delay retirement?

If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase. If you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age.

What happens if you take Social Security at 70?

The green line shows your cumulative SS payments if you waited until the age of 70 to start receiving benefits. Interestingly, if you take benefits starting at age 70, your break-even age compared to taking benefits at 67 moves out to 82.4 years.