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Markets · Investing · Business
Finance
This Is the Average Social Security Benefit at Age 62
The typical benefit for Social Security's earliest claimers may not be what you expect.
Mentally, you were ready to retire about 30 years ago, but financially, you're still tied to that 9-to-5, though there's a glimmer of hope on the horizon. You're almost 62, and you'll soon be eligible to claim Social Security. But you're not sure whether your monthly checks will be enough to help you finally quit your job.
Your exact benefit will depend on your income throughout your career. But if you just want a rough ballpark, looking at average benefits is a decent starting point. Here's how much the typical 62-year-old receives from the program and how you can estimate your future benefits more precisely.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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