You are here: Social Security Administration > Office of Retirement Policy > Current Law Fact Sheets > Population Projections > Early Eligibility Age Beneficiaries in 2050

Population Projections

  1. American
    Indians and
    Alaska Natives
  2. Early
    Eligibility Age
    Beneficiaries
  3.  Lifetime 
    Low
    Earners

  4.  Oldest 
    Old
  5.  Sporadic 
    Low
    Earners
  6. Spousal-
    Only
    Beneficiaries
  7. Survivor-
    Only
    Beneficiaries
  8. Women
    & Dual
    Entitlement

Early Eligibility Age Beneficiaries in 2050

Released: October 2012
Next expected update: Summer 2014

DEFINITION: The full retirement age (FRA) is the age a beneficiary's full Social Security benefit is payable. The monthly benefit is permanently reduced for every month before FRA that a beneficiary receives benefits. The earliest eligibility age for benefits is 62. Beneficiaries who claim benefits at 62 receive the largest benefit reduction.

In 2050, we project that:

  • 59 percent of beneficiaries who start benefits at age 62 will be women.
  • The poverty rate will be slightly higher for beneficiaries who start benefits at age 62 compared with beneficiaries who start benefits at 63 or older.
  • More beneficiaries who start benefits at age 62 will be in lower earning households compared with beneficiaries who start benefits at age 63 or older.
  • Beneficiaries who start benefits at age 62 will have lower median benefits compared with beneficiaries who start benefits at 63 or older.
  • Beneficiaries have similar life expectancies regardless of claiming age.
Population Characteristics
Percentage with characteristic
Pie chart series linked to data in table format.
Lifetime Shared Earnings
Percentage of beneficiaries in each earnings quintile
Bar chart linked to data in table format.
Median Benefit Amount
In 2012 dollars
Bar chart linked to data in table format.
Median Death Age
 
Bar chart linked to data in table format.
NOTE: Disabled beneficiaries were not included in this analysis.
SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model using 2011 Trustees Report intermediate assumptions.