Applying for Social Security benefits at age 62 is a major financial decision. While it’s the earliest age you can claim retirement benefits, it comes with trade-offs that every worker should understand.
This guide explains the differences between early retirement and disability benefits, recent updates from the Social Security Administration (SSA), and answers to common questions.
Retirement vs. Disability Benefits
- Early Retirement Benefits: You can start collecting Social Security at 62, but your monthly payments will be permanently reduced. For those born in 1960 or later, the full retirement age (FRA) is 67. Claiming at 62 means receiving about 30% less than if you waited until FRA.
- Disability Benefits: If you qualify for Social Security Disability Insurance (SSDI), your benefit amount is calculated as though you reached full retirement age. That means you receive 100% of your retirement benefit, even if you claim before 67.
- Key Difference: Retirement benefits depend only on age and work credits, while disability benefits require medical proof of inability to work.
2025 Updates
- Cost-of-Living Adjustment (COLA): Benefits increased by 2.5% in January 2025, raising the average monthly retirement benefit from $1,927 to $1,976.
- Full Retirement Age: For those born in 1959, FRA is now 66 years and 10 months. For anyone born in 1960 or later, FRA remains 67.
- Average Benefits: In 2026, retirees can expect an average benefit of about $2,071 per month, while high earners may receive up to $5,181 if they delay claiming until age 70.
How to Apply
- Online: Create an SSA account, review the disability or retirement checklist, and submit your application.
- By Phone: Call the SSA toll-free hotline at 1-800-772-1213.
- In Person: Visit your local SSA office with required documents (proof of age, work history, medical records if applying for disability).
Outside the U.S.: Contact the nearest U.S. Embassy or Consulate.
Can I work while receiving benefits at 62?
Yes, but if you earn more than $22,320 annually in 2025, your benefits may be temporarily reduced until you reach FRA.
Is it better to claim at 62 or wait until 67?
It depends on your health, financial needs, and life expectancy. Claiming early gives you immediate income but reduces lifetime benefits. Waiting increases monthly payments.
What happens if I switch from disability to retirement benefits?
Once you reach FRA, your SSDI benefits automatically convert to retirement benefits at the same amount.
Can I undo my decision if I regret claiming early?
Yes, within 12 months of your first claim, you can withdraw your application and repay benefits received. This allows you to restart later at a higher rate.
Risks and Considerations
- Reduced Lifetime Benefits: Claiming at 62 locks in lower payments permanently.
- Health Factors: If you expect a shorter lifespan, claiming early may make sense.
- Inflation Adjustments: COLA increases help offset rising costs, but may not fully match inflation.
- Denials for Disability: Many SSDI applications are denied initially; legal assistance can improve approval chances.
Final Thoughts
Choosing between early retirement and disability benefits at 62 is highly personal. If you’re unsure, consult a Social Security attorney or financial advisor to evaluate your situation. Remember: retirement benefits shrink if claimed early, but disability benefits pay at full retirement age rates.
Need Help? Call An Attorney!
Applying for social security disability benefits might be easy for you. But getting it approved is an altogether different story. A large percentage of first time SSDI applications are denied.
This is why you need an experienced workers compensation lawyer like Victor Malca. He has been helping injured workers in Florida for over 23 years. He can help you get the benefits you rightfully deserve. Contact us now for a free consultation.
VICTOR MALCA – Florida Workers Compensation & Social Security Disability Attorney
Victor Malca P.A. has over 27 years of litigation experience in Workers Compensation and Social Security Disability lawsuits. His experience and continued success when fighting for his clients puts him among the most trusted workers’ compensation attorney’s in Florida. He specializes in representing injured workers on compensation benefit cases and disabled individuals claiming lost social security disability benefits.
Book a free consultation today. Our unwavering advocacy for employee rights and privileges are recognized by our past clients across South Florida.
About The Author
Meet writer Rei Bayucca, a graduate of Saint Louis University with a passion for writing about legal topics. Explore insightful articles tailored to solve your most pressing issues. Rei’s expertly crafted content is thoroughly researched and fact checked.