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 2018 dollars a with retirement at normal retirement age   National
Average Wage
Index in 2018
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   $2,080   $2,742   $4,734   $5,656   $8,569   $20,712
1941   65:0   1,983   2,722   4,599   5,527   8,249   21,085
1942   65:0   1,786   2,550   4,257   5,138   7,501   21,645
1943   65:0   1,684   2,643   4,142   5,035   7,142   24,053
1944   65:0   1,658   2,838   4,239   5,180   7,095   26,750
1945   65:0   1,681   3,011   4,307   5,322   7,003   27,308
1946   65:0   1,629   2,998   4,122   5,116   6,517   23,552
1947   65:0   1,550   2,756   3,704   4,637   5,743   23,648
1948   65:0   1,508   2,707   3,556   4,471   5,387   23,879
1949   65:0   1,646   2,798   3,703   4,704   5,486   25,338
1950   65:0   2,268   3,636   4,773   5,806   6,421   25,701
1951   65:0   3,389   4,961   6,341   7,318   7,688   26,180
1952   65:0   3,572   5,133   6,536   7,531   7,827   27,174
1953   65:0   4,073   5,586   7,318   9,093   9,256   28,490
1954   65:0   4,484   5,909   7,757   9,710   9,710   28,531
1955   65:0   5,136   6,507   8,520   10,718   10,718   29,938
1956   65:0   5,200   6,509   8,546   10,733   10,905   31,563
1957   65:0   5,208   6,369   8,496   10,654   10,737   31,470
1958   65:0   5,271   6,261   8,553   10,957   10,957   30,917
1959   65:0   5,607   6,708   9,211   11,614   11,614   32,171
1960   65:0   5,619   6,703   9,266   11,632   11,730   32,917
1961   65:0   5,557   6,630   9,359   11,699   11,699   33,203
1962   65:0   5,591   6,652   9,448   11,665   11,665   34,464
1963   65:0   5,519   6,566   9,515   11,609   11,609   34,852
1964   65:0   5,542   6,575   9,581   11,554   11,554   35,823
1965   65:0   5,845   7,029   10,293   12,180   12,180   35,904
1966   65:0   5,765   6,824   10,191   11,915   11,915   36,952
1967   65:0   5,610   6,737   10,102   11,788   11,876   37,964
1968   65:0   6,237   7,434   11,047   12,865   12,957   38,938
1969   65:0   5,972   7,220   10,878   12,580   12,763   39,055
1970   65:0   6,599   7,854   12,025   13,972   14,265   38,735
1971   65:0   6,957   8,383   13,021   15,038   15,347   38,993
1972   65:0   7,305   8,776   13,657   15,953   16,074   41,450
1973   65:0   7,740   11,161   14,850   17,365   17,470   41,461
1974   65:0   7,658   10,546   14,817   17,253   17,570   39,576
1975   65:0   7,538   9,752   14,915   17,404   17,939   38,967
1976   65:0   7,743   9,737   15,548   18,392   19,352   39,399
1977   65:0   7,836   9,941   16,041   19,196   20,545   39,218
1978   65:0   7,740   10,028   16,370   20,102   21,345   39,337
1979   65:0   7,659   10,003   16,366   20,286   21,372   38,393
1980   65:0   7,710   10,154   16,764   20,623   21,917   36,876
1981   65:0   7,968   10,578   17,615   21,540   23,137   36,814
1982   65:0   7,958   10,521   17,126   20,924   21,445   36,649
1983   65:0   7,512   10,163   16,469   19,798   20,887   37,302
1984   65:0   7,147   10,167   15,611   18,884   20,025   38,187
1985   65:0   6,958   10,146   15,261   18,507   19,716   38,451
1986   65:0   7,247   10,275   15,816   19,251   20,547   38,987
1987   65:0   7,220   10,075   15,750   19,257   20,643   40,035
1988   65:0   7,297   10,114   15,927   19,601   21,085   40,401
1989   65:0   7,444   10,038   16,211   20,030   21,592   40,072
1990   65:0   7,625   10,000   16,551   20,567   22,257   39,824
1991   65:0   7,604   10,101   16,500   20,639   22,394   39,705
1992   65:0   7,809   10,236   16,939   21,279   23,153   40,569
1993   65:0   7,820   10,262   16,943   21,392   23,338   39,795
1994   65:0   7,710   10,192   16,671   21,151   23,150   39,859
1995   65:0   7,771   10,184   16,798   21,411   23,530   40,316
1996   65:0   7,801   10,222   16,841   21,589   23,803   41,086
1997   65:0   8,036   10,516   17,358   22,337   24,724   42,539
1998   65:0   7,962   10,425   17,192   22,195   24,677   44,177
1999   65:0   7,904   10,352   17,084   22,143   24,718   45,619
2000   65:0   7,924   10,379   17,137   22,291   24,990   46,528
2001   65:0   8,198   10,739   17,733   23,170   26,050   46,367
2002   65:0   8,664   11,351   18,729   24,540   27,711   46,204
2003   65:2   8,814   11,526   19,037   25,026   28,420   46,299
2004   65:4   8,930   11,681   19,262   25,393   28,999   47,224
2005   65:6   9,174   12,010   19,783   26,136   30,002   47,286
2006   65:8   9,314   12,194   20,103   26,604   30,706   47,914
2007   65:10   9,103   11,924   19,645   26,011   30,215   48,699
2008   66:0   9,639   12,619   20,816   27,545   32,498   47,863
2009   66:0   9,485   12,418   20,477   27,124   32,154   47,461
2010   66:0   9,213   12,066   19,898   26,350   31,409   47,598
2011   66:0   9,541   12,476   20,576   27,273   32,623   47,404
2012   66:0   9,449   12,368   20,370   27,004   32,433   47,879
2013   66:0   9,664   12,642   20,830   27,630   33,333   47,836
2014   66:0   9,716   12,714   20,950   27,782   33,690   48,801
2015   66:0   9,511   12,444   20,514   27,193   33,071   50,708
2016   66:0   9,486   12,411   20,459   27,120   33,019   50,784
2017   66:0   9,619   12,589   20,742   27,498   33,523   51,137
2018   66:0   9,574   12,531   20,662   27,374   33,428   51,894
2019   66:0   9,926   12,989   21,406   28,369   34,659   52,757
2020   66:2   10,232   13,385   22,078   29,256   35,775   53,755
2021   66:4   10,156   13,297   21,930   29,039   35,555   54,761
2022   66:6   10,206   13,373   22,054   29,187   35,767   55,736
2023   66:8   10,319   13,508   22,289   29,490   36,156   56,701
2024   66:10   10,479   13,714   22,635   29,956   36,730   57,654
2025   67:0   10,682   13,987   23,082   30,526   37,605   58,590
2026   67:0   10,886   14,248   23,504   31,093   38,310   59,507
2027   67:0   11,073   14,495   23,916   31,648   38,991   60,306
2028   67:0   11,261   14,746   24,318   32,182   39,657   61,072
2029   67:0   11,450   14,993   24,728   32,720   40,325   61,837
2030   67:0   11,630   15,227   25,118   33,244   40,975   62,609
2031   67:0   11,819   15,464   25,505   33,769   41,616   63,395
2032   67:0   11,974   15,670   25,849   34,215   42,174   64,193
2033   67:0   12,130   15,872   26,174   34,655   42,716   65,003
2034   67:0   12,278   16,069   26,504   35,081   43,256   65,823
2035   67:0   12,432   16,275   26,838   35,523   43,793   66,642
2036   67:0   12,586   16,476   27,173   35,970   44,355   67,465
2037   67:0   12,744   16,683   27,510   36,420   44,895   68,287
2038   67:0   12,907   16,896   27,860   36,880   45,434   69,114
2039   67:0   13,067   17,102   28,208   37,345   45,997   69,945
2040   67:0   13,230   17,319   28,559   37,810   46,580   70,777
2041   67:0   13,395   17,533   28,912   38,278   47,161   71,610
2042   67:0   13,556   17,743   29,261   38,740   47,738   72,448
2043   67:0   13,724   17,962   29,620   39,215   48,322   73,295
2044   67:0   13,887   18,175   29,973   39,682   48,905   74,156
2045   67:0   14,049   18,389   30,329   40,152   49,484   75,026
2046   67:0   14,217   18,609   30,686   40,628   50,041   75,911
2047   67:0   14,384   18,827   31,044   41,103   50,598   76,815
2048   67:0   14,554   19,044   31,406   41,581   51,180   77,738
2049   67:0   14,727   19,273   31,781   42,075   51,792   78,678
2050   67:0   14,897   19,499   32,152   42,568   52,401   79,622
2051   67:0   15,073   19,725   32,534   43,068   53,024   80,577
2052   67:0   15,255   19,966   32,923   43,587   53,653   81,546
2053   67:0   15,437   20,205   33,318   44,107   54,240   82,528
2054   67:0   15,622   20,446   33,717   44,641   54,858   83,518
2055   67:0   15,810   20,694   34,124   45,178   55,507   84,516
2056   67:0   16,000   20,941   34,531   45,719   56,161   85,526
2057   67:0   16,195   21,196   34,950   46,267   56,810   86,548
2058   67:0   16,387   21,449   35,371   46,826   57,475   87,583
2059   67:0   16,583   21,708   35,792   47,384   58,155   88,633
2060   67:0   16,781   21,967   36,219   47,950   58,852   89,692
2061   67:0   16,985   22,230   36,652   48,525   59,526   90,754
2062   67:0   17,187   22,494   37,090   49,106   60,228   91,826
2063   67:0   17,393   22,764   37,537   49,695   60,949   92,897
2064   67:0   17,601   23,036   37,984   50,290   61,683   93,973
2065   67:0   17,812   23,309   38,438   50,887   62,417   95,051
2066   67:0   18,021   23,585   38,891   51,489   63,156   96,133
2067   67:0   18,234   23,865   39,349   52,096   63,903   97,218
2068   67:0   18,447   24,144   39,806   52,702   64,648   98,308
2069   67:0   18,662   24,422   40,267   53,315   65,397   99,409
2070   67:0   18,873   24,703   40,728   53,924   66,147   100,525
2071   67:0   19,087   24,983   41,192   54,537   66,903   101,652
2072   67:0   19,304   25,265   41,658   55,154   67,658   102,789
2073   67:0   19,522   25,550   42,124   55,772   68,421   103,939
2074   67:0   19,742   25,837   42,597   56,398   69,189   105,099
2075   67:0   19,962   26,125   43,074   57,031   69,967   106,266
2076   67:0   20,186   26,418   43,556   57,671   70,753   107,442
2077   67:0   20,411   26,714   44,044   58,314   71,546   108,625
2078   67:0   20,639   27,010   44,537   58,967   72,346   109,820
2079   67:0   20,869   27,312   45,032   59,625   73,157   111,028
2080   67:0   21,101   27,617   45,533   60,287   73,969   112,249
2081   67:0   21,334   27,922   46,036   60,954   74,791   113,487
2082   67:0   21,570   28,230   46,544   61,623   75,617   114,740
2083   67:0   21,808   28,541   47,057   62,304   76,451   116,008
2084   67:0   22,047   28,854   47,575   62,988   77,292   117,292
2085   67:0   22,290   29,171   48,098   63,682   78,145   118,593
2086   67:0   22,537   29,494   48,628   64,386   79,010   119,912
2087   67:0   22,785   29,820   49,166   65,095   79,883   121,252
2088   67:0   23,036   30,149   49,708   65,815   80,768   122,609
2089   67:0   23,292   30,483   50,260   66,543   81,665   123,983
2090   67:0   23,552   30,822   50,818   67,283   82,574   125,373
2091   67:0   23,812   31,165   51,383   68,031   83,494   126,777
2092   67:0   24,078   31,513   51,958   68,790   84,428   128,198
2093   67:0   24,348   31,867   52,539   69,562   85,376   129,638
2094   67:0   24,622   32,222   53,128   70,340   86,333   131,097
2095   67:0   24,897   32,584   53,724   71,129   87,303   132,573
 
        Benefits in 2018 dollars a with retirement at age 65    
1940   65:0   $2,080   $2,742   $4,734   $5,656   $8,569   $20,712
1941   65:0   1,983   2,722   4,599   5,527   8,249   21,085
1942   65:0   1,786   2,550   4,257   5,138   7,501   21,645
1943   65:0   1,684   2,643   4,142   5,035   7,142   24,053
1944   65:0   1,658   2,838   4,239   5,180   7,095   26,750
1945   65:0   1,681   3,011   4,307   5,322   7,003   27,308
1946   65:0   1,629   2,998   4,122   5,116   6,517   23,552
1947   65:0   1,550   2,756   3,704   4,637   5,743   23,648
1948   65:0   1,508   2,707   3,556   4,471   5,387   23,879
1949   65:0   1,646   2,798   3,703   4,704   5,486   25,338
1950   65:0   2,268   3,636   4,773   5,806   6,421   25,701
1951   65:0   3,389   4,961   6,341   7,318   7,688   26,180
1952   65:0   3,572   5,133   6,536   7,531   7,827   27,174
1953   65:0   4,073   5,586   7,318   9,093   9,256   28,490
1954   65:0   4,484   5,909   7,757   9,710   9,710   28,531
1955   65:0   5,136   6,507   8,520   10,718   10,718   29,938
1956   65:0   5,200   6,509   8,546   10,733   10,905   31,563
1957   65:0   5,208   6,369   8,496   10,654   10,737   31,470
1958   65:0   5,271   6,261   8,553   10,957   10,957   30,917
1959   65:0   5,607   6,708   9,211   11,614   11,614   32,171
1960   65:0   5,619   6,703   9,266   11,632   11,730   32,917
1961   65:0   5,557   6,630   9,359   11,699   11,699   33,203
1962   65:0   5,591   6,652   9,448   11,665   11,665   34,464
1963   65:0   5,519   6,566   9,515   11,609   11,609   34,852
1964   65:0   5,542   6,575   9,581   11,554   11,554   35,823
1965   65:0   5,845   7,029   10,293   12,180   12,180   35,904
1966   65:0   5,765   6,824   10,191   11,915   11,915   36,952
1967   65:0   5,610   6,737   10,102   11,788   11,876   37,964
1968   65:0   6,237   7,434   11,047   12,865   12,957   38,938
1969   65:0   5,972   7,220   10,878   12,580   12,763   39,055
1970   65:0   6,599   7,854   12,025   13,972   14,265   38,735
1971   65:0   6,957   8,383   13,021   15,038   15,347   38,993
1972   65:0   7,305   8,776   13,657   15,953   16,074   41,450
1973   65:0   7,740   11,161   14,850   17,365   17,470   41,461
1974   65:0   7,658   10,546   14,817   17,253   17,570   39,576
1975   65:0   7,538   9,752   14,915   17,404   17,939   38,967
1976   65:0   7,743   9,737   15,548   18,392   19,352   39,399
1977   65:0   7,836   9,941   16,041   19,196   20,545   39,218
1978   65:0   7,740   10,028   16,370   20,102   21,345   39,337
1979   65:0   7,659   10,003   16,366   20,286   21,372   38,393
1980   65:0   7,710   10,154   16,764   20,623   21,917   36,876
1981   65:0   7,968   10,578   17,615   21,540   23,137   36,814
1982   65:0   7,958   10,521   17,126   20,924   21,445   36,649
1983   65:0   7,512   10,163   16,469   19,798   20,887   37,302
1984   65:0   7,147   10,167   15,611   18,884   20,025   38,187
1985   65:0   6,958   10,146   15,261   18,507   19,716   38,451
1986   65:0   7,247   10,275   15,816   19,251   20,547   38,987
1987   65:0   7,220   10,075   15,750   19,257   20,643   40,035
1988   65:0   7,297   10,114   15,927   19,601   21,085   40,401
1989   65:0   7,444   10,038   16,211   20,030   21,592   40,072
1990   65:0   7,625   10,000   16,551   20,567   22,257   39,824
1991   65:0   7,604   10,101   16,500   20,639   22,394   39,705
1992   65:0   7,809   10,236   16,939   21,279   23,153   40,569
1993   65:0   7,820   10,262   16,943   21,392   23,338   39,795
1994   65:0   7,710   10,192   16,671   21,151   23,150   39,859
1995   65:0   7,771   10,184   16,798   21,411   23,530   40,316
1996   65:0   7,801   10,222   16,841   21,589   23,803   41,086
1997   65:0   8,036   10,516   17,358   22,337   24,724   42,539
1998   65:0   7,962   10,425   17,192   22,195   24,677   44,177
1999   65:0   7,904   10,352   17,084   22,143   24,718   45,619
2000   65:0   7,924   10,379   17,137   22,291   24,990   46,528
2001   65:0   8,198   10,739   17,733   23,170   26,050   46,367
2002   65:0   8,664   11,351   18,729   24,540   27,711   46,204
2003   65:0   8,724   11,419   18,838   24,769   28,118   46,299
2004   65:0   8,747   11,455   18,880   24,888   28,423   47,224
2005   65:0   8,828   11,556   19,044   25,146   28,875   47,286
2006   65:0   8,876   11,620   19,153   25,343   29,252   47,914
2007   65:0   8,724   11,419   18,824   24,923   28,953   48,699
2008   65:0   8,489   11,114   18,318   24,253   28,344   47,863
2009   65:0   9,037   11,821   19,515   25,839   30,385   47,461
2010   65:0   8,881   11,623   19,175   25,397   30,030   47,598
2011   65:0   8,788   11,496   18,956   25,117   29,856   47,404
2012   65:0   8,789   11,501   18,952   25,132   29,987   47,879
2013   65:0   9,015   11,793   19,437   25,775   30,909   47,836
2014   65:0   8,895   11,633   19,177   25,422   30,672   48,801
2015   65:0   8,957   11,727   19,331   25,618   31,020   50,708
2016   65:0   8,998   11,780   19,412   25,727   31,217   50,784
2017   65:0   8,995   11,772   19,402   25,707   31,237   51,137
2018   65:0   8,946   11,699   19,298   25,563   31,130   51,894
2019   65:0   9,257   12,109   19,959   26,447   32,231   52,757
2020   65:0   9,434   12,349   20,354   26,974   32,886   53,755
2021   65:0   9,251   12,114   19,971   26,447   32,287   54,761
2022   65:0   9,190   12,025   19,835   26,255   32,066   55,736
2023   65:0   9,168   12,006   19,799   26,203   32,015   56,701
2024   65:0   9,194   12,042   19,854   26,282   32,123   57,654
2025   65:0   9,253   12,110   19,984   26,441   32,325   58,590
2026   65:0   9,429   12,341   20,350   26,937   32,936   59,507
2027   65:0   9,592   12,554   20,713   27,411   33,535   60,306
2028   65:0   9,750   12,776   21,064   27,880   34,119   61,072
2029   65:0   9,920   12,988   21,419   28,354   34,698   61,837
2030   65:0   10,076   13,190   21,761   28,811   35,252   62,609
2031   65:0   10,242   13,399   22,098   29,263   35,807   63,395
2032   65:0   10,370   13,580   22,395   29,648   36,294   64,193
2033   65:0   10,508   13,752   22,679   30,027   36,759   65,003
2034   65:0   10,641   13,923   22,959   30,399   37,224   65,823
2035   65:0   10,768   14,098   23,249   30,780   37,689   66,642
2036   65:0   10,912   14,280   23,539   31,168   38,168   67,465
2037   65:0   11,043   14,457   23,837   31,561   38,642   68,287
2038   65:0   11,188   14,639   24,141   31,957   39,103   69,114
2039   65:0   11,326   14,822   24,442   32,362   39,587   69,945
2040   65:0   11,463   15,008   24,746   32,766   40,089   70,777
2041   65:0   11,606   15,194   25,052   33,170   40,587   71,610
2042   65:0   11,747   15,381   25,360   33,572   41,093   72,448
2043   65:0   11,893   15,568   25,662   33,981   41,592   73,295
2044   65:0   12,036   15,748   25,975   34,387   42,100   74,156
2045   65:0   12,177   15,939   26,280   34,797   42,598   75,026
2046   65:0   12,320   16,127   26,588   35,206   43,073   75,911
2047   65:0   12,465   16,314   26,903   35,618   43,554   76,815
2048   65:0   12,612   16,502   27,219   36,036   44,061   77,738
2049   65:0   12,760   16,703   27,539   36,459   44,585   78,678
2050   65:0   12,908   16,894   27,863   36,890   45,112   79,622
2051   65:0   13,060   17,095   28,190   37,323   45,646   80,577
2052   65:0   13,217   17,301   28,527   37,770   46,189   81,546
2053   65:0   13,377   17,510   28,872   38,225   46,695   82,528
2054   65:0   13,540   17,720   29,215   38,685   47,227   83,518
2055   65:0   13,700   17,932   29,569   39,148   47,786   84,516
2056   65:0   13,865   18,145   29,923   39,617   48,345   85,526
2057   65:0   14,032   18,367   30,284   40,095   48,907   86,548
2058   65:0   14,202   18,587   30,650   40,579   49,474   87,583
2059   65:0   14,372   18,809   31,017   41,064   50,065   88,633
2060   65:0   14,544   19,033   31,385   41,555   50,664   89,692
2061   65:0   14,718   19,261   31,760   42,051   51,245   90,754
2062   65:0   14,894   19,493   32,142   42,557   51,849   91,826
2063   65:0   15,074   19,727   32,529   43,064   52,473   92,897
2064   65:0   15,254   19,963   32,917   43,581   53,102   93,973
2065   65:0   15,433   20,202   33,308   44,101   53,737   95,051
2066   65:0   15,617   20,442   33,703   44,623   54,373   96,133
2067   65:0   15,803   20,680   34,098   45,148   55,018   97,218
2068   65:0   15,987   20,923   34,498   45,675   55,661   98,308
2069   65:0   16,170   21,164   34,896   46,205   56,306   99,409
2070   65:0   16,356   21,407   35,297   46,733   56,951   100,525
2071   65:0   16,544   21,652   35,697   47,265   57,602   101,652
2072   65:0   16,730   21,895   36,101   47,798   58,255   102,789
2073   65:0   16,919   22,141   36,507   48,336   58,909   103,939
2074   65:0   17,108   22,389   36,914   48,878   59,572   105,099
2075   65:0   17,301   22,641   37,330   49,426   60,242   106,266
2076   65:0   17,493   22,895   37,748   49,979   60,921   107,442
2077   65:0   17,690   23,152   38,168   50,537   61,603   108,625
2078   65:0   17,887   23,409   38,594   51,104   62,292   109,820
2079   65:0   18,085   23,671   39,027   51,673   62,990   111,028
2080   65:0   18,289   23,934   39,460   52,245   63,690   112,249
2081   65:0   18,489   24,197   39,896   52,826   64,396   113,487
2082   65:0   18,694   24,464   40,335   53,406   65,109   114,740
2083   65:0   18,899   24,734   40,780   53,995   65,826   116,008
2084   65:0   19,108   25,005   41,228   54,589   66,554   117,292
2085   65:0   19,318   25,281   41,682   55,189   67,286   118,593
2086   65:0   19,530   25,561   42,143   55,797   68,031   119,912
2087   65:0   19,746   25,843   42,607   56,415   68,784   121,252
2088   65:0   19,964   26,128   43,078   57,038   69,546   122,609
2089   65:0   20,186   26,418   43,555   57,670   70,317   123,983
2090   65:0   20,410   26,711   44,040   58,310   71,099   125,373
2091   65:0   20,636   27,009   44,528   58,958   71,890   126,777
2092   65:0   20,868   27,310   45,027   59,616   72,695   128,198
2093   65:0   21,103   27,617   45,531   60,285   73,511   129,638
2094   65:0   21,338   27,925   46,040   60,959   74,336   131,097
2095   65:0   21,576   28,238   46,557   61,643   75,171   132,573
a Annual amounts are the total for the 12-month period starting with the month of retirement, adjusted to be in 2018 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 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 2018 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.