Single-Year Tables


Table V.C7.—Annual Scheduled Benefit Amounts for Retired Workers
With Various Pre-Retirement Earnings Patterns
Based on Intermediate Assumptions, Calendar Years 1940-2095


Year attain
age 65 b
  Age at
retirement
  Benefits in 2019 dollars a with retirement at normal retirement age   National
Average Wage
Index in 2019
dollars h
Scaled very
low
earnings c
  Scaled low
earnings d
  Scaled
medium
earnings e
  Scaled
high
earnings f
  Steady
maximum
earnings g
1940   65:0   $2,125   $2,802   $4,837   $5,800   $8,755   $21,162
1941   65:0   2,026   2,781   4,720   5,668   8,428   21,543
1942   65:0   1,825   2,682   4,369   5,269   7,664   22,115
1943   65:0   1,721   2,700   4,251   5,163   7,297   24,575
1944   65:0   1,694   2,900   4,332   5,310   7,249   27,331
1945   65:0   1,717   3,077   4,418   5,456   7,155   27,901
1946   65:0   1,665   3,063   4,211   5,260   6,658   24,063
1947   65:0   1,584   2,816   3,784   4,752   5,867   24,162
1948   65:0   1,541   2,766   3,647   4,596   5,504   24,397
1949   65:0   1,681   2,858   3,797   4,820   5,605   25,889
1950   65:0   2,317   3,715   4,876   5,950   6,561   26,259
1951   65:0   3,463   5,091   6,479   7,476   7,855   26,748
1952   65:0   3,739   5,267   6,690   7,694   7,997   27,764
1953   65:0   4,161   5,741   7,510   9,324   9,457   29,109
1954   65:0   4,582   6,067   7,948   9,921   9,921   29,151
1955   65:0   5,314   6,682   8,750   10,951   10,951   30,588
1956   65:0   5,313   6,650   8,775   10,988   11,142   32,249
1957   65:0   5,321   6,508   8,723   10,906   10,970   32,154
1958   65:0   5,386   6,418   8,760   11,195   11,195   31,588
1959   65:0   5,729   6,854   9,514   11,867   11,867   32,870
1960   65:0   5,741   6,849   9,467   11,884   11,985   33,632
1961   65:0   5,678   6,774   9,563   11,953   11,953   33,924
1962   65:0   5,713   6,796   9,751   11,918   11,918   35,213
1963   65:0   5,639   6,708   9,722   11,861   11,861   35,608
1964   65:0   5,662   6,718   9,789   11,805   11,805   36,601
1965   65:0   5,972   7,181   10,517   12,444   12,444   36,684
1966   65:0   5,890   6,972   10,413   12,174   12,174   37,755
1967   65:0   5,732   6,884   10,321   12,044   12,133   38,789
1968   65:0   6,373   7,595   11,396   13,144   13,238   39,783
1969   65:0   6,101   7,377   11,114   12,853   13,040   39,903
1970   65:0   6,742   8,024   12,401   14,275   14,575   39,576
1971   65:0   7,108   8,565   13,304   15,482   15,681   39,840
1972   65:0   7,463   8,967   14,082   16,299   16,423   42,350
1973   65:0   7,908   11,403   15,173   17,742   17,849   42,361
1974   65:0   7,825   10,775   15,139   17,727   17,951   40,436
1975   65:0   7,702   9,964   15,239   17,782   18,329   39,813
1976   65:0   7,911   9,948   15,983   18,791   19,772   40,255
1977   65:0   8,006   10,157   16,390   19,700   20,991   40,070
1978   65:0   7,908   10,246   16,833   20,538   21,808   40,191
1979   65:0   7,826   10,221   16,839   20,726   21,836   39,227
1980   65:0   7,877   10,375   17,129   21,071   22,393   37,676
1981   65:0   8,141   10,911   17,997   22,086   23,640   37,614
1982   65:0   8,131   10,750   17,598   21,379   21,911   37,444
1983   65:0   7,675   10,384   16,826   20,255   21,340   38,112
1984   65:0   7,303   10,388   15,950   19,323   20,459   39,016
1985   65:0   7,109   10,366   15,593   18,937   20,144   39,286
1986   65:0   7,402   10,498   16,159   19,696   20,993   39,833
1987   65:0   7,377   10,294   16,092   19,701   21,091   40,905
1988   65:0   7,456   10,334   16,273   20,050   21,542   41,279
1989   65:0   7,606   10,256   16,563   20,467   22,060   40,942
1990   65:0   7,790   10,217   16,910   21,016   22,740   40,689
1991   65:0   7,769   10,321   16,880   21,089   22,881   40,567
1992   65:0   7,979   10,459   17,306   21,741   23,655   41,450
1993   65:0   7,990   10,484   17,313   21,856   23,844   40,659
1994   65:0   7,878   10,414   17,033   21,631   23,652   40,724
1995   65:0   7,940   10,405   17,163   21,895   24,041   41,191
1996   65:0   7,970   10,444   17,224   22,076   24,320   41,978
1997   65:0   8,211   10,764   17,736   22,841   25,261   43,463
1998   65:0   8,135   10,652   17,566   22,677   25,213   45,136
1999   65:0   8,075   10,576   17,457   22,626   25,255   46,610
2000   65:0   8,114   10,621   17,525   22,793   25,532   47,539
2001   65:0   8,376   10,972   18,120   23,674   26,615   47,374
2002   65:0   8,852   11,597   19,137   25,090   28,313   47,207
2003   65:2   9,006   11,793   19,463   25,569   29,037   47,304
2004   65:4   9,124   11,944   19,689   25,951   29,629   48,250
2005   65:6   9,373   12,271   20,219   26,703   30,654   48,313
2006   65:8   9,528   12,474   20,555   27,181   31,373   48,955
2007   65:10   9,302   12,183   20,086   26,590   30,871   49,756
2008   66:0   9,848   12,893   21,283   28,158   33,203   48,902
2009   66:0   9,690   12,687   20,935   27,713   32,852   48,492
2010   66:0   9,413   12,329   20,331   26,924   32,091   48,632
2011   66:0   9,748   12,759   21,022   27,867   33,331   48,434
2012   66:0   9,655   12,637   20,813   27,603   33,137   48,918
2013   66:0   9,874   12,916   21,282   28,230   34,057   48,875
2014   66:0   9,927   12,990   21,418   28,385   34,421   49,860
2015   66:0   9,719   12,714   20,973   27,785   33,789   51,809
2016   66:0   9,693   12,681   20,916   27,709   33,736   51,887
2017   66:0   9,798   12,823   21,139   28,010   34,146   52,562
2018   66:0   9,843   12,884   21,248   28,147   34,383   52,740
2019   66:0   10,125   13,243   21,843   28,934   35,355   53,864
2020   66:2   10,451   13,671   22,545   29,867   36,513   54,951
2021   66:4   10,374   13,578   22,390   29,648   36,291   55,949
2022   66:6   10,438   13,672   22,546   29,845   36,556   56,832
2023   66:8   10,564   13,832   22,819   30,197   37,012   57,665
2024   66:10   10,698   14,013   23,114   30,578   37,499   58,537
2025   67:0   10,917   14,294   23,586   31,212   38,428   59,454
2026   67:0   11,108   14,553   24,010   31,768   39,125   60,407
2027   67:0   11,291   14,779   24,386   32,273   39,751   61,383
2028   67:0   11,449   14,994   24,748   32,743   40,340   62,230
2029   67:0   11,627   15,223   25,119   33,239   40,960   63,024
2030   67:0   11,807   15,466   25,516   33,757   41,601   63,817
2031   67:0   12,002   15,712   25,918   34,295   42,260   64,621
2032   67:0   12,189   15,960   26,325   34,841   42,939   65,441
2033   67:0   12,358   16,178   26,686   35,321   43,526   66,272
2034   67:0   12,519   16,382   27,028   35,771   44,086   67,110
2035   67:0   12,672   16,595   27,366   36,220   44,642   67,950
2036   67:0   12,831   16,802   27,713   36,683   45,210   68,795
2037   67:0   12,995   17,016   28,062   37,142   45,769   69,640
2038   67:0   13,163   17,231   28,423   37,617   46,327   70,480
2039   67:0   13,329   17,450   28,776   38,092   46,903   71,317
2040   67:0   13,497   17,668   29,133   38,560   47,493   72,155
2041   67:0   13,662   17,888   29,498   39,050   48,088   72,994
2042   67:0   13,828   18,106   29,858   39,522   48,680   73,839
2043   67:0   13,996   18,320   30,218   39,995   49,272   74,689
2044   67:0   14,164   18,541   30,576   40,472   49,863   75,557
2045   67:0   14,327   18,756   30,933   40,947   50,445   76,437
2046   67:0   14,495   18,978   31,296   41,423   51,006   77,336
2047   67:0   14,662   19,193   31,656   41,904   51,566   78,255
2048   67:0   14,833   19,417   32,020   42,388   52,159   79,199
2049   67:0   15,007   19,644   32,398   42,884   52,772   80,158
2050   67:0   15,183   19,873   32,773   43,384   53,389   81,136
2051   67:0   15,361   20,108   33,163   43,893   54,020   82,130
2052   67:0   15,545   20,347   33,557   44,416   54,663   83,137
2053   67:0   15,733   20,595   33,966   44,951   55,268   84,157
2054   67:0   15,925   20,845   34,375   45,500   55,900   85,192
2055   67:0   16,119   21,097   34,796   46,051   56,568   86,237
2056   67:0   16,316   21,357   35,222   46,616   57,251   87,296
2057   67:0   16,518   21,621   35,655   47,192   57,927   88,368
2058   67:0   16,717   21,884   36,091   47,767   58,613   89,452
2059   67:0   16,924   22,155   36,535   48,357   59,328   90,549
2060   67:0   17,129   22,424   36,984   48,949   60,058   91,656
2061   67:0   17,343   22,702   37,438   49,551   60,770   92,773
2062   67:0   17,555   22,979   37,898   50,159   61,502   93,893
2063   67:0   17,771   23,264   38,363   50,774   62,251   95,021
2064   67:0   17,987   23,546   38,830   51,394   63,016   96,156
2065   67:0   18,208   23,833   39,305   52,024   63,786   97,297
2066   67:0   18,430   24,124   39,785   52,654   64,562   98,444
2067   67:0   18,652   24,416   40,263   53,292   65,342   99,600
2068   67:0   18,875   24,706   40,746   53,929   66,127   100,763
2069   67:0   19,102   25,001   41,232   54,575   66,917   101,937
2070   67:0   19,327   25,299   41,721   55,221   67,711   103,121
2071   67:0   19,553   25,596   42,212   55,872   68,511   104,315
2072   67:0   19,784   25,899   42,707   56,528   69,315   105,518
2073   67:0   20,014   26,200   43,204   57,186   70,126   106,733
2074   67:0   20,247   26,505   43,709   57,853   70,943   107,954
2075   67:0   20,486   26,812   44,216   58,527   71,769   109,179
2076   67:0   20,720   27,122   44,727   59,201   72,600   110,415
2077   67:0   20,960   27,434   45,243   59,884   73,438   111,666
2078   67:0   21,203   27,751   45,764   60,575   74,287   112,930
2079   67:0   21,444   28,069   46,286   61,267   75,137   114,206
2080   67:0   21,688   28,386   46,813   61,963   75,991   115,493
2081   67:0   21,932   28,709   47,341   62,662   76,852   116,791
2082   67:0   22,181   29,033   47,877   63,373   77,726   118,102
2083   67:0   22,432   29,362   48,418   64,089   78,605   119,426
2084   67:0   22,686   29,695   48,966   64,814   79,496   120,767
2085   67:0   22,942   30,028   49,517   65,543   80,390   122,122
2086   67:0   23,199   30,367   50,075   66,282   81,295   123,495
2087   67:0   23,461   30,708   50,636   67,025   82,209   124,886
2088   67:0   23,723   31,051   51,205   67,777   83,132   126,294
2089   67:0   23,991   31,401   51,780   68,538   84,067   127,718
2090   67:0   24,258   31,753   52,360   69,308   85,012   129,158
2091   67:0   24,532   32,109   52,950   70,087   85,967   130,616
2092   67:0   24,809   32,472   53,546   70,877   86,938   132,093
2093   67:0   25,088   32,839   54,151   71,677   87,921   133,588
2094   67:0   25,371   33,208   54,761   72,484   88,913   135,117
2095   67:0   25,657   33,584   55,380   73,302   89,920   136,637
 
        Benefits in 2019 dollars a with retirement at age 65    
1940   65:0   $2,125   $2,802   $4,837   $5,800   $8,755   $21,162
1941   65:0   2,026   2,781   4,720   5,668   8,428   21,543
1942   65:0   1,825   2,682   4,369   5,269   7,664   22,115
1943   65:0   1,721   2,700   4,251   5,163   7,297   24,575
1944   65:0   1,694   2,900   4,332   5,310   7,249   27,331
1945   65:0   1,717   3,077   4,418   5,456   7,155   27,901
1946   65:0   1,665   3,063   4,211   5,260   6,658   24,063
1947   65:0   1,584   2,816   3,784   4,752   5,867   24,162
1948   65:0   1,541   2,766   3,647   4,596   5,504   24,397
1949   65:0   1,681   2,858   3,797   4,820   5,605   25,889
1950   65:0   2,317   3,715   4,876   5,950   6,561   26,259
1951   65:0   3,463   5,091   6,479   7,476   7,855   26,748
1952   65:0   3,739   5,267   6,690   7,694   7,997   27,764
1953   65:0   4,161   5,741   7,510   9,324   9,457   29,109
1954   65:0   4,582   6,067   7,948   9,921   9,921   29,151
1955   65:0   5,314   6,682   8,750   10,951   10,951   30,588
1956   65:0   5,313   6,650   8,775   10,988   11,142   32,249
1957   65:0   5,321   6,508   8,723   10,906   10,970   32,154
1958   65:0   5,386   6,418   8,760   11,195   11,195   31,588
1959   65:0   5,729   6,854   9,514   11,867   11,867   32,870
1960   65:0   5,741   6,849   9,467   11,884   11,985   33,632
1961   65:0   5,678   6,774   9,563   11,953   11,953   33,924
1962   65:0   5,713   6,796   9,751   11,918   11,918   35,213
1963   65:0   5,639   6,708   9,722   11,861   11,861   35,608
1964   65:0   5,662   6,718   9,789   11,805   11,805   36,601
1965   65:0   5,972   7,181   10,517   12,444   12,444   36,684
1966   65:0   5,890   6,972   10,413   12,174   12,174   37,755
1967   65:0   5,732   6,884   10,321   12,044   12,133   38,789
1968   65:0   6,373   7,595   11,396   13,144   13,238   39,783
1969   65:0   6,101   7,377   11,114   12,853   13,040   39,903
1970   65:0   6,742   8,024   12,401   14,275   14,575   39,576
1971   65:0   7,108   8,565   13,304   15,482   15,681   39,840
1972   65:0   7,463   8,967   14,082   16,299   16,423   42,350
1973   65:0   7,908   11,403   15,173   17,742   17,849   42,361
1974   65:0   7,825   10,775   15,139   17,727   17,951   40,436
1975   65:0   7,702   9,964   15,239   17,782   18,329   39,813
1976   65:0   7,911   9,948   15,983   18,791   19,772   40,255
1977   65:0   8,006   10,157   16,390   19,700   20,991   40,070
1978   65:0   7,908   10,246   16,833   20,538   21,808   40,191
1979   65:0   7,826   10,221   16,839   20,726   21,836   39,227
1980   65:0   7,877   10,375   17,129   21,071   22,393   37,676
1981   65:0   8,141   10,911   17,997   22,086   23,640   37,614
1982   65:0   8,131   10,750   17,598   21,379   21,911   37,444
1983   65:0   7,675   10,384   16,826   20,255   21,340   38,112
1984   65:0   7,303   10,388   15,950   19,323   20,459   39,016
1985   65:0   7,109   10,366   15,593   18,937   20,144   39,286
1986   65:0   7,402   10,498   16,159   19,696   20,993   39,833
1987   65:0   7,377   10,294   16,092   19,701   21,091   40,905
1988   65:0   7,456   10,334   16,273   20,050   21,542   41,279
1989   65:0   7,606   10,256   16,563   20,467   22,060   40,942
1990   65:0   7,790   10,217   16,910   21,016   22,740   40,689
1991   65:0   7,769   10,321   16,880   21,089   22,881   40,567
1992   65:0   7,979   10,459   17,306   21,741   23,655   41,450
1993   65:0   7,990   10,484   17,313   21,856   23,844   40,659
1994   65:0   7,878   10,414   17,033   21,631   23,652   40,724
1995   65:0   7,940   10,405   17,163   21,895   24,041   41,191
1996   65:0   7,970   10,444   17,224   22,076   24,320   41,978
1997   65:0   8,211   10,764   17,736   22,841   25,261   43,463
1998   65:0   8,135   10,652   17,566   22,677   25,213   45,136
1999   65:0   8,075   10,576   17,457   22,626   25,255   46,610
2000   65:0   8,114   10,621   17,525   22,793   25,532   47,539
2001   65:0   8,376   10,972   18,120   23,674   26,615   47,374
2002   65:0   8,852   11,597   19,137   25,090   28,313   47,207
2003   65:0   8,914   11,669   19,263   25,307   28,728   47,304
2004   65:0   8,937   11,705   19,306   25,443   29,040   48,250
2005   65:0   9,020   11,807   19,458   25,707   29,502   48,313
2006   65:0   9,083   11,887   19,584   25,894   29,887   48,955
2007   65:0   8,913   11,666   19,247   25,466   29,581   49,756
2008   65:0   8,673   11,355   18,730   24,780   28,959   48,902
2009   65:0   9,233   12,092   19,939   26,400   31,045   48,492
2010   65:0   9,074   11,875   19,591   25,949   30,682   48,632
2011   65:0   8,979   11,747   19,369   25,675   30,504   48,434
2012   65:0   8,980   11,751   19,364   25,678   30,638   48,918
2013   65:0   9,210   12,061   19,859   26,347   31,580   48,875
2014   65:0   9,088   11,885   19,607   25,975   31,338   49,860
2015   65:0   9,164   11,982   19,763   26,187   31,694   51,809
2016   65:0   9,194   12,036   19,846   26,299   31,895   51,887
2017   65:0   9,191   12,028   19,825   26,277   31,915   52,562
2018   65:0   9,112   11,929   19,657   26,050   31,709   52,740
2019   65:0   9,518   12,451   20,538   27,208   33,134   53,864
2020   65:0   9,621   12,598   20,766   27,515   33,539   54,951
2021   65:0   9,445   12,369   20,387   26,999   32,949   55,949
2022   65:0   9,395   12,300   20,281   26,849   32,781   56,832
2023   65:0   9,384   12,292   20,267   26,830   32,775   57,665
2024   65:0   9,379   12,287   20,271   26,827   32,791   58,537
2025   65:0   9,461   12,378   20,427   27,034   33,043   59,454
2026   65:0   9,623   12,606   20,793   27,514   33,651   60,407
2027   65:0   9,781   12,806   21,118   27,952   34,189   61,383
2028   65:0   9,924   12,988   21,432   28,360   34,697   62,230
2029   65:0   10,073   13,189   21,755   28,795   35,232   63,024
2030   65:0   10,234   13,398   22,092   29,244   35,789   63,817
2031   65:0   10,391   13,606   22,442   29,713   36,366   64,621
2032   65:0   10,566   13,829   22,803   30,192   36,952   65,441
2033   65:0   10,702   14,016   23,115   30,602   37,467   66,272
2034   65:0   10,847   14,193   23,413   30,996   37,949   67,110
2035   65:0   10,979   14,375   23,705   31,382   38,423   67,950
2036   65:0   11,120   14,556   24,005   31,777   38,911   68,795
2037   65:0   11,262   14,740   24,313   32,183   39,394   69,640
2038   65:0   11,406   14,927   24,620   32,593   39,872   70,480
2039   65:0   11,549   15,117   24,931   33,004   40,372   71,317
2040   65:0   11,691   15,302   25,240   33,416   40,878   72,155
2041   65:0   11,839   15,502   25,557   33,834   41,394   72,994
2042   65:0   11,984   15,689   25,868   34,243   41,904   73,839
2043   65:0   12,129   15,876   26,180   34,654   42,413   74,689
2044   65:0   12,271   16,062   26,492   35,073   42,927   75,557
2045   65:0   12,416   16,253   26,801   35,480   43,425   76,437
2046   65:0   12,559   16,443   27,114   35,897   43,911   77,336
2047   65:0   12,704   16,630   27,428   36,312   44,392   78,255
2048   65:0   12,855   16,825   27,744   36,728   44,900   79,199
2049   65:0   13,003   17,022   28,071   37,156   45,427   80,158
2050   65:0   13,156   17,220   28,396   37,592   45,958   81,136
2051   65:0   13,309   17,423   28,729   38,030   46,501   82,130
2052   65:0   13,467   17,626   29,073   38,483   47,054   83,137
2053   65:0   13,633   17,842   29,426   38,950   47,575   84,157
2054   65:0   13,797   18,061   29,782   39,422   48,117   85,192
2055   65:0   13,963   18,281   30,144   39,902   48,692   86,237
2056   65:0   14,134   18,502   30,514   40,393   49,281   87,296
2057   65:0   14,311   18,730   30,888   40,888   49,859   88,368
2058   65:0   14,483   18,959   31,268   41,385   50,451   89,452
2059   65:0   14,667   19,193   31,651   41,900   51,068   90,549
2060   65:0   14,845   19,429   32,041   42,412   51,700   91,656
2061   65:0   15,025   19,668   32,435   42,932   52,312   92,773
2062   65:0   15,211   19,908   32,830   43,459   52,944   93,893
2063   65:0   15,397   20,157   33,234   43,994   53,588   95,021
2064   65:0   15,586   20,400   33,641   44,531   54,246   96,156
2065   65:0   15,778   20,651   34,055   45,078   54,912   97,297
2066   65:0   15,968   20,901   34,469   45,627   55,583   98,444
2067   65:0   16,163   21,153   34,883   46,178   56,254   99,600
2068   65:0   16,355   21,407   35,301   46,731   56,930   100,763
2069   65:0   16,550   21,664   35,722   47,289   57,610   101,937
2070   65:0   16,748   21,920   36,145   47,850   58,296   103,121
2071   65:0   16,944   22,178   36,571   48,413   58,983   104,315
2072   65:0   17,144   22,440   37,001   48,984   59,678   105,518
2073   65:0   17,343   22,701   37,432   49,553   60,376   106,733
2074   65:0   17,546   22,966   37,869   50,132   61,081   107,954
2075   65:0   17,749   23,233   38,309   50,714   61,792   109,179
2076   65:0   17,956   23,501   38,752   51,300   62,506   110,415
2077   65:0   18,163   23,774   39,200   51,891   63,228   111,666
2078   65:0   18,372   24,047   39,650   52,490   63,961   112,930
2079   65:0   18,582   24,321   40,104   53,090   64,691   114,206
2080   65:0   18,792   24,597   40,560   53,692   65,428   115,493
2081   65:0   19,006   24,877   41,018   54,300   66,171   116,791
2082   65:0   19,221   25,158   41,482   54,916   66,921   118,102
2083   65:0   19,438   25,441   41,952   55,536   67,679   119,426
2084   65:0   19,658   25,730   42,426   56,164   68,446   120,767
2085   65:0   19,880   26,020   42,904   56,796   69,217   122,122
2086   65:0   20,104   26,312   43,386   57,435   69,995   123,495
2087   65:0   20,329   26,607   43,873   58,080   70,782   124,886
2088   65:0   20,556   26,906   44,365   58,732   71,578   126,294
2089   65:0   20,789   27,209   44,864   59,391   72,382   127,718
2090   65:0   21,022   27,513   45,367   60,058   73,195   129,158
2091   65:0   21,258   27,823   45,877   60,733   74,020   130,616
2092   65:0   21,497   28,137   46,394   61,417   74,856   132,093
2093   65:0   21,740   28,455   46,917   62,110   75,701   133,588
2094   65:0   21,985   28,774   47,446   62,810   76,555   135,117
2095   65:0   22,233   29,099   47,982   63,519   77,422   136,637

a Annual amounts are the total for the 12-month period starting with the month of retirement, adjusted to be in 2019 dollars by using the CPI indexing series from table VI.G6.
b Attains age 65 on January 1 of the year.
c Career-average earnings at about 25 percent of the Average Wage Index (AWI).
d Career-average earnings at about 45 percent of the AWI.
e Career-average earnings at about 100 percent of the AWI. Such a worker would have career-average earnings at approximately the 56th percentile of all new retired-worker beneficiaries.
f Career-average earnings at about 160 percent of the AWI.
g Earnings for each year at or above the contribution and benefit base.
h Average Wage Index from table VI.G6, adjusted to be in 2019 dollars by using the CPI indexing series from table VI.G6.

Note: Benefits shown at age 65 reflect adjustments for early retirement. For early retirement as early as age 62, the benefit amount is reduced 5/9 of one percent for each month before normal retirement age, up to 36 months. If the number of months exceeds 36, then the benefit is further reduced 5/12 of one percent per month. For example, if the number of reduction months is 60 (the maximum number for retirement at 62 when normal retirement age is 67), then the benefit is reduced by 30 percent. Delayed retirement credit is generally given for retirement after the normal retirement age. The delayed retirement credit is 2/3 of one percent per month for persons born in 1943 and later. No credit is given for delaying benefits after attaining age 70. See Table V.C3 for additional details, including adjustments applying to other birth years.