what age is common for early retirement
If a worker begins receiving benefits before his/her normal (or full) retirement age, the worker will receive a reduced benefit. A worker can choose to retire as early as age 62, but doing so may result in a reduction of as much as 30 percent.Starting to receive benefits after normal retirement age may result in larger benefits. With delayed retirement credits, a person can receive his or her largest benefit by retiring at age 70.Early retirement reduces benefits. In the case of early retirement, a benefit 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.f a worker begins receiving benefits before his/her normal (or full) retirement age, the worker will receive a reduced benefit. A worker can choose to retire as early as age 62, but doing so may result in a reduction of as much as 30 percent.