Maximum Social Security Benefits
The earliest you can start receiving your social security benefits is age 62 but if you wait until 70, you will earn the most. Observe the following:
If you start collecting benefits at age 62, there is a 30% reduction
If you start collecting benefits at age 63, there is a 25% reduction
If you start collecting benefits at age 64, there is a 20% reduction
If you start collecting benefits at age 65, there is a 13.3% reduction
If you start collecting benefits at age 66, there is a 6.7% reduction
If you start collecting benefits at age 67, there is a 0% reduction
If you start collecting benefits at age 68, there is a 8% increase
If you start collecting benefits at age 69, there is a 16% increase
If you start collecting benefits at age 70, there is a 24% increase