Want To Retire As Early As Possible?


Before throwing away your Social Security Statement ask yourself, “Do I want to retire at age 62, 63, 64, 65, 66, 67, 68, 69 or 70?”  The answer is probably as soon as possible, and most people would nod in agreement.  The fact is that if you are not planning to retire, then you are planning not to retire.

Social Security statements are mailed to you at age 25, 30, 35, 40, 45, 50, 55 and then annually at age 60 and older. You will not receive a social security statement if you are already receiving Social Security benefits. 

Your Social Security statement is a great tool to use for pre-retirement planning. Social Security is considered one of the three income sources of the traditional “three-legged stool” of retirement income. The other two legs are employer-sponsored pensions or profit sharing plans and your individually accumulated investments. Combined, these “three-legs” of income can increase your comfort level during retirement.  

What the social security statement tells you:

  • How much you will receive
    • If you retire early – this is a permanently reduced rate
      Age Approx. Reduction
      62 30%
      63 25%
      64 20%
      65 13.30%
      66 6.67%
    • At full retirement age (FRA)
      Year of Birth Social Security FRA
      1943-1954 66
      1955 66 and 2 months
      1956 66 and 4 months
      1957 66 and 6 months
      1958 66 and 8 months
      1959 66 and 10 months
      1960 and later 67
  • If you wait until later and receive delayed retirement credits

    Delayed retirement credits may increase your benefit by up to 8% per year for every year after FRA.
  • How much your family will receive in the event of your death.
  • Your earnings record.
  • Your Social Security and Medicare contributions.


You can view your social security statement anytime by signing up for an account at https://secure.ssa.gov/RIL/SiView.do or download the Social Security app. In order to set up an account you must:

  1. Have a valid e-mail address.
  2. Have a Social Security number.
  3. Have a U.S. mailing address.
  4. Are 18 years of age or older.