The Best Age To Claim Social Security – Maximize Your Retirement Benefits In 2025

Deciding the best age to claim Social Security is one of the biggest financial choices you’ll ever make. Millions of Americans receive these benefits every year, but many claim too early and lose out on extra money.

Some start at 62 out of fear or financial need, while others wait until 70 to maximize payments. The decision depends on your health, income needs, and long-term plans. This guide explains the pros and cons of claiming at different ages and strategies to help you get the most out of your retirement money.

Claiming Social Security at Different Ages

Here’s a breakdown of your options:

Age to Claim	What Happens to Benefits	Pros	Cons
62 (Earliest Age)	Monthly check reduced by up to 30% for life	You get money sooner, helpful if you retire early or face expenses	Permanent lower payments, less security later
Full Retirement Age (66–67)	You get your full benefit amount	Stable income, no reductions	Smaller than if you delay
70 (Maximum Age)	Benefits grow about 8% each year past full retirement age	Much larger lifetime income, best if you expect to live into your 80s	You must wait longer, not ideal if money is needed immediately

Claiming at 62

At age 62, you can start getting checks early. This is useful if you stop working, have bills to pay, or face health issues. But your payment will be permanently smaller. On average, it can be about 30% lower than what you would receive if you waited.

Claiming at Full Retirement Age (66–67)

If you claim at your full retirement age, which is 66 to 67 depending on your birth year, you’ll get your full benefit without reductions. This option balances steady income with security.

Claiming at 70 – Maximum Benefit

Delaying until age 70 is the best way to maximize your Social Security benefits. Each year past full retirement age adds around 8% more to your check. By 70, you could lock in thousands of extra dollars per year for life. This works well if you expect to live longer and want stronger financial security in your 80s and beyond.

Other Factors to Consider

The best choice also depends on:

• Health: Poor health may push you to claim earlier.
• Marital status: Couples can plan together to maximize survivor benefits.
• Other income: Pensions, savings, or rental income may allow you to delay claiming.
• Taxes: Social Security income may affect your tax bracket.

How to Delay Claiming Social Security

If you want to wait for bigger checks but still need money, here are strategies to build a financial bridge:

Use Retirement Accounts First

Withdrawing from your 401(k) or IRA before Social Security may make sense. These accounts don’t grow at 8% like Social Security does.

Build a Bond or CD Ladder

Investing in bonds or CDs that mature each year can provide steady income while letting your benefits grow.

Consider Annuities

Annuities can guarantee monthly income and cover your needs until age 70.

Part-Time Work

Even a small job can help delay your claim. But remember, if you claim before full retirement age, earning too much may temporarily reduce your benefits.

Other Income Streams

Pensions, rental income, or other guaranteed payments can give you flexibility to wait.

There is no single “best” age for everyone. If you need money urgently, claiming at 62 makes sense. If you want balance, claiming at full retirement age gives steady income. But if you can wait, claiming at 70 unlocks the maximum lifetime benefit.

The smart move is to weigh your health, financial needs, and retirement goals. By creating alternative income sources and planning ahead, you can make a choice that keeps you financially secure both now and in the future.

FAQs