Here's How Early Retirement Will Impact Your Social Security Benefit

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Thinking about retiring early and worried it might hurt your Social Security benefits? Good news: it probably won’t.

A common myth is that you have to work into your 60s to get the most out of Social Security. In reality, benefits are based on your 35 highest-earning years—not the age you stop working.

This episode breaks down how benefits are calculated, what “bend points” are, and why even part-time income in semi-retirement can make a difference.

There’s also an important distinction between when you stop working and when you start claiming. Monthly benefits can range from around $1,400 at age 62 to $2,400 at age 70, depending on the timing.

Curious what your own numbers look like? Head to www.ssa.gov to create a free account and check your personalized estimate. It’s a simple step that can help you make smarter retirement decisions.

Watch Erin's content here:    / @erintalksmoney  

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⏱Timestamps:⏱
00:00 - Social Security's Importance for Early Retirees
01:44 - How Social Security Benefits Are Calculated
06:07 - Dispelling Early Retirement Myths
10:33 - When to Claim: Benefits and Tradeoffs
13:48 - Making An Informed Social Security Decision
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