Here's the Maximum Possible Social Security Benefit at 62, 66, and 70
Maxing out Social Security requires more than earning a high salary. Here's how to get there.
If you want to maximize your Social Security benefits in retirement, you'll need to work a long, high-paying career. But the age at which you claim your benefits can have an even bigger impact on your monthly check than how much you earned.
Many retirees opt to claim Social Security as soon as they become eligible at age 62. The second most popular claiming age is full retirement age, which will be 66 and 8 months for most retirees this year. But most individuals will maximize their potential monthly benefit by waiting until age 70.
If you look at the maximum possible benefit at each of those ages, the discrepancy between claiming as soon as possible and truly maximizing your Social Security becomes abundantly clear.
