Social Security FRA: born 1960, $2,000 → $1,400 at 62

Full retirement age by birth year + early-at-62 cut (SSA 5/9% rule). Born 1960 with $2,000 gets $1,400 at 62.

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Results

Benefit at 62

$1,400

Full retirement age

67

Early cut

30%

SSA rules. Educational estimate using your PIA. Not financial advice.

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Full retirement age (FRA) depends on birth year: from 65 (born ≤1937) to 67 (born ≥1960). Claiming at 62 cuts the benefit.

Birth	FRA	Cut at 62	$2,000 →
≤1937	65	20%	$1,600
1943–1954	66	25%	$1,500
≥1960	67	30%	$1,400

The rule: 5/9% per month for the first 36 months + 5/12% after. Born 1960: 60 months early → 20% + 10% = 30%.

Quick cases

Born 1960, $2,000 → FRA 67; at 62: $1,400.
Born 1950, $2,000 → FRA 66; at 62: $1,500.
Born 1938, $1,000 → FRA 65+2; at 62: ~$789.

FAQ

Is the result official? No: educational estimate using your PIA. Confirm with your SSA statement.

When is it paid? Lifetime monthly benefit once you claim.

Use the Social Security FRA calculator with your birth year and SSA benefit.