Full Retirement Age: At age 67, individuals are eligible for their full Social Security benefits, assuming they were born in 1960 or later.
Average Benefit: The average monthly Social Security benefit for someone at age 67 in 2025 is around $1,800, though this can vary based on individual earnings history.
Factors Affecting Benefits: The amount you receive depends on how much you earned during your working years and how long you worked.
Earnings History: Higher lifetime earnings result in higher monthly Social Security payments, as benefits are calculated based on your highest 35 years of income.
Spouse Benefits: If you're married, your spouse may be eligible for benefits based on your earnings, with the amount potentially higher than their own benefit.
Delayed Retirement Credits: If you delay claiming beyond age 67, your benefit can increase by 8% annually until age 70.