Retiring Early? Here's The Top Social Security Income at Age 62
Over one in five Americans claims Social Security benefits at age 62, the earliest age possible. If you plan on being one of them, then you should know that the most you can collect in Social Security income at that age this year is $2,324 per month.
Qualifying for that amount is tough, though. Social Security is based upon your historical income and pocketing the maximum at age 62 requires a 35 year work record of earnings greater than the annual payroll tax limit. That's a big ask given the payroll tax limit is $142,800 in 2021. For this reason, it's far more likely you're Social Security check at age 62 will be smaller than the maximum, making it more attractive to wait until full retirement age or later to claim benefits.
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Source Fool.com
