The chart below lists age 62 reduction amounts and includes examples based on an estimated monthly benefit of $ 1000 at full retirement age .Select your year of birth to find out how much your benefit will be reduced if you retire between age 62 and full retirement age .
should I or shouldn't I take my benefits early?
There are advantages and disadvantages to taking your benefit before your full retirement age. The advantage is that you collect benefits for a longer period of time The disadvantage is your benefit is reduced.