My husband is only 60 and I am 67. He is retiring at the end of March 2020 but not taking SS until he is 70. He has put in 40 years already. On his SS statement it says he will receive approximately $1,895/per month when he turns 62. Since he is quitting work early at 60 but not collecting for another 10 years what we he receive approximately at 70 when he starts collecting? Thank you!

Hi,

I can't give you a reliable estimate of your husband's age 70 benefit rate based on the age 62 estimate shown on his Social Security statement. Those statements frequently use assumed future year earnings in their calculations, which could make the estimate inaccurate if those earnings don't materialize because the person retires.

Your husband may want to consider using our software (https://maximizemysocialsecurity.com/purchase) to calculate his estimated future benefit rate using his correct earnings amounts. The software can also analyze and compare your filing options in order to help both of you determine the best strategy for maximizing your benefits.

Best, Jerry