How Retirement Age and Social Security Claiming Age Are Related

What You Need To Know

• About 75% of survey respondents who retired between the ages of 62 and 70 claimed Social Security benefits at their retirement age.
• About half of retirees retire earlier than expected, versus about 45% retiring as planned and 5% later than planned.
• Households with higher levels of financial assets are more likely to delay claiming since they have the means to decide when to claim benefits.