Can I retire at age 62?

If you want to retire at age 62, come up with your target amount for retiring at the full retirement age of 67, determine how much you'd need per year, and then add that amount for each year you want to bump up your retirement. Was this page helpful?

When will I get my retirement benefits if I'm 62?

If you were born later in October, your first benefit month is November and you will be paid in December. By filing at 62, or any time before you reach full retirement age, you forfeit a portion of your monthly benefit. If you were born in 1962 or later, for instance, filing at 62 could reduce your monthly payment by as much as 30 percent.

Will taking Social Security benefits at 62 reduce my benefits?

Taking benefits at age 62, or at any time between 62 and your full retirement age would reduce your benefit amount. The amount of the reduction depends on the year you were born. For example, if you were born in 1960 or later, taking Social Security benefits at age 62 would reduce your monthly benefit by 30%.