Are Retirement Benefit Reductions Prorated By Month If You Retire Early?

If I retire at any point after age 62 are the benefit reductions prorated by month

The prorating effect can continue up to age 70. Past your FRA, you earn that boost your eventual benefit by 2/3 of 1 percent for each month you wait to claim Social Security, until you hit 70.

Keep in mind

This prorating works similarly for you receive on a husband's or wife's earnings record: They are reduced if taken before FRA, but by a lower percentage for each month past age 62 that you wait to claim them. But there are no delayed retirement credits for spouse benefits; they max out at full retirement age. Updated March 7, 2022

More on Social Security Benefits

Q& A Tool

Find the answers to the most common Social Security questions such as when to claim, how to maximize your retirement benefits and more. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

Close In the next 24 hours, you will receive an email to confirm your subscription to receive emails related to AARP volunteering. Once you confirm that subscription, you will regularly receive communications related to AARP volunteering. In the meantime, please feel free to search for ways to make a difference in your community at Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.