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Ask Christopher B, Esq. Your Own Question
Christopher B, Esq.
Christopher B, Esq., Attorney
Category: Social Security
Satisfied Customers: 2922
Experience:  associate attorney
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I would like to find out how much I will receive should I

Customer Question

I would like to find out how much I will receive should I retire early, at 62 yrs old this year.
JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I've been paying in sence I was 13 yrs old. In the past 5 yrs I've averaged aprox. 37.000.
JA: Is there anything else important you think the Retirement Accountant should know?
Customer: I receive about 263.00 a month in VA benefits.
Submitted: 1 month ago.
Category: Social Security
Expert:  Christopher B, Esq. replied 1 month ago.

My name is ***** ***** I will be helping you today. Thank you for your question and for using justanswer.com. Give me a bit and I will get you an answer drafted.

Expert:  Christopher B, Esq. replied 1 month ago.

If you retire early at age 62, your benefit will be reduced by about 30% for the early retirement penalty. You can go to the SSA quick benefit calculator to find an estimate on what you will receive: https://www.ssa.gov/OACT/quickcalc/

SSA averages 35 years of earnings and in years that you have no income, SSA calculates 0 for that year. If you have more than 35 years, SSA replaces lower income years with higher income years.

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Expert:  Christopher B, Esq. replied 1 month ago.

Just checking back in, do you have any further questions?