See the typical Social Security benefit at ages 62, 67, and 70, how the amounts compare, and what claiming at each age ...

Social Security is a vital source of income for many retired Americans. But, not every recipient relies heavily on benefits.

Social Security calculates your monthly benefits using the 35 years when your earnings were the highest. You need to earn above the wage base limit for 35 years to be eligible for the maximum benefit.

The Social Security Administration relies on four factors to calculate your monthly benefit. Although all ages in the traditional Social Security claiming range, from 62 to 70, have well-defined ...