SSA Shows Social Security Benefits Rise to $2,274.68 at 70 From $1,424.40 at 62
Updated
Updated · The Motley Fool · Jul 7
SSA Shows Social Security Benefits Rise to $2,274.68 at 70 From $1,424.40 at 62
1 articles · Updated · The Motley Fool · Jul 7
Summary
$2,274.68 was the average monthly Social Security benefit at age 70 in December 2025, versus $1,424.40 at age 62, according to newly released SSA data for ages 62 to 70.
That roughly $850 monthly gap reflects how claiming age changes payouts: workers born in 1960 or later have a full retirement age of 67, and claiming at 62 can cut benefits by up to 30%.
Delaying beyond full retirement age raises benefits instead, with retirees who wait until 70 able to increase payouts by 24%, helping explain averages of $2,016.48 at 67 and $2,096.95 at 69.
The agency said the figures come from its 2026 annual statistical supplement using December 2025 data, and the report is not yet complete and could be revised.
The release underscores that claiming later usually boosts monthly income, but the best timing still depends on each retiree's savings, health and near-term expenses.