This chart shows how your monthly Social Security benefit differs based on the age you start receiving your benefits. Assuming a $1,000 monthly benefit at full retirement age of 67, you would receive $700 a month if you started receiving benefits at 62. But the benefit can increase incrementally to $1,240 a month – or a 24% increase – if you wait until age 70.
This chart shows how your monthly Social Security benefit differs based on the age you start receiving your benefits. Assuming a $1,000 monthly benefit at full retirement age of 67, you would receive $700 a month if you started receiving benefits at 62. But the benefit can increase incrementally to $1,240 a month – or a 24% increase – if you wait until age 70.
Before your full retirement age, your benefits are lowered by $1 for every $2 in earned income above $24,480. In the year of full retirement age, your benefits are lowered by $1 for every $3 in earned income for earnings over $65,160. At and/or after full retirement age, there's no earning limit, but your benefits can still be taxed.
Before your full retirement age, your benefits are lowered by $1 for every $2 in earned income above $24,480. In the year of full retirement age, your benefits are lowered by $1 for every $3 in earned income for earnings over $65,160. At and/or after full retirement age, there's no earning limit, but your benefits can still be taxed.
Important information:
*Edward Jones estimates based on CANNEX Immediate Annuity Quote System – 11/11/2025. Example assumes a joint life annuity, 67-year-old male and female, 3% inflation rate and the 2026 average benefit monthly from the Social Security Administration COLA fact sheet.
It's important to work with the Social Security Administration for a full discussion of your benefits and options as these strategies can be complex. Investors should rely on information from the Social Security Administration before deciding when to take Social Security benefits. Final decisions about Social Security filing strategies rest with you and should be based on your specific needs and health considerations. For more information, visit the Social Security Administration at ssa.gov.
Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation.
This content is intended as educational only and should not be interpreted as specific recommendations or investment advice. Investors should make investment decisions based on their unique investment objectives and financial situation.