Sentences with phrase «number at full retirement age»

Not exact matches

And to put this into real numbers, if your benefit is $ 2000 at full retirement age, it's around $ 1500 at 62, and it's around $ 2600 plus at 70.

For more information about your estimated benefit amount if you retire before reaching full retirement age, please call our toll free number at 1-800-772-1213 (If you are deaf or hard of hearing, call our TTY number at 1-800-325-0778) or contact your local Social Security office.

Each person's Social Security benefit will depend on a number of factors, including earnings history and the age at which they claim benefits, but the maximum Social Security benefit for a person retiring at full retirement age in 2018 (between age 65 and age 67, depending on birth date) is $ 2,788 a month — or about $ 33,400 a year.2 To create a personalized estimate for Social Security benefits, use the Social Security Administration's Retirement Estimator.

The break - even point is the number of months after the start of your benefit when the total of all your delayed payments will be equal to the total you would have received if you started your payments at full retirement age.

If you're not going to reach your full retirement age at any point during 2018, then the number you need to remember is $ 17,040.

If your estimated benefit at full retirement age is at or above that number, you can expect additional earnings to fall into the third tier and produce the smaller 15 % increment.