How much will my Social Security Retirement be reduced if I draw or receive it early?
Your social security retirement benefit will be reduced by roughly a half percent for every month you take your benefit earlier than your full retirement age. For instance, if you decide to take your social security retirement benefit at the age of 62, the benefit you will receive will be roughly 76 percent of what would otherwise have been your full social security retirement benefit. The reduction to your retirement benefit depends upon your month of entitlement (the month in which you begin to receive Social Security retirement benefits).
Additional Social Security Retirement Questions