Here's the Average Social Security Benefit at Ages 62 to 70
Retired workers can maximize their Social Security benefits by claiming at age 70.
Overview
Social Security is a major source of retirement income for millions of Americans, but the amount it provides can vary significantly depending on when benefits start. Some people claim benefits as soon as they are eligible, at age 62, and others wait until age 70 to receive a larger monthly payment.
Unfortunately, nearly half of U.S. workers have little to no idea how much income they should expect from Social Security in retirement, according to the National Institute on Retirement Security. And without some idea of future benefits, planning for retirement can be difficult.
Details
The best way to estimate your future benefit is to check your "my Social Security" account, a free service from the Social Security Administration. But looking at the average benefit at different ages can provide a useful benchmark for comparison.
Source
Originally published at www.fool.com.