Retirement Social Security

This Is the Average Social Security Benefit for Someone Age 70

Use this information to maximize your potential Social Security benefits.

By Joan Weisman

Edited by Andrea Basse

Updated July 12, 2025

When it comes to maximizing your Social Security income, timing is everything. Waiting until age 70 to claim benefits can be a smart money move for seniors, but many aren't doing it. A recent survey found that only 8% of retirees wait until 70 to collect their benefits.

Whether you're approaching retirement or helping a loved one plan ahead, understanding how benefits grow and what you can expect at age 70 is essential for smart, confident financial planning.

Here's what you need to know.

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What is the average monthly Social Security benefit for a 70-year-old?

As of July 2025, the average monthly Social Security benefit for a 70-year-old is $2,176.76.

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Why do 70-year-olds get the highest Social Security payments?

The Social Security Administration recognizes that the later you start payments, the fewer overall years you will collect. They reward people who delay with higher compensation.

For every year you delay past your full retirement age, typically 66 or 67, your benefits increase by approximately 8% per year. These benefits are referred to as delayed retirement credits and continue until you reach age 70.

How does claiming benefits at 70 compare to other ages?

The age at which you claim Social Security benefits has a significant impact on your retirement lifestyle. Here are example monthly payments for someone with an average annual earnings of $60,000:

Age 62: $1,260
Age 67: $1,804
Age 70: $2,276

That's a $1,016 increase between ages 62 and 70, or over $12,000 every year for life.

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What is the maximum Social Security benefit at age 70?

According to the Social Security Administration, if you retire at 70 in 2025, the maximum benefit is $5,108. Note that this amount is impacted by lifetime earnings and work history.

Why don't most people qualify for maximum Social Security benefits?

Social Security calculates benefits based on a person's highest-earning 35 years of employment. To get the maximum, an individual would need to earn at or above Social Security's taxable earnings cap, which was set at $176,100 for 2025.

Most individuals won't earn this much for a full 35 years, so even waiting until they're 70 will not secure the maximum benefit.

The trade-off of waiting vs. claiming earlier

Is it really worth delaying your benefits if you can? Let's say you qualify for $3,000 at age 67. Wait, and Social Security adds 8% for each year you delay up to age 70.

Your monthly check at 70 would be $3,720. Over a 20-year retirement, that extra $720 a month translates into $172,800 more income.

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How to estimate your benefit at 70

You can find out what payments you qualify for at 67 and 70. Create a Social Security account at www.ssa.gov. It's free, takes about 10 minutes, and the numbers are based on your real work record.

You can compare different retirement dates and estimated earnings. It's the closest thing you'll get to a crystal ball for your retirement income.

Tax considerations for 70-year-old Social Security recipients

What if waiting to claim Social Security means you'll pay more in taxes? It's an important consideration.

Single filers pay taxes on 50% of their benefits if the combined income is between $25,000 and $34,000, and 85% above $34,000.

Married couples filing jointly have slightly higher thresholds: $32,000–$44,000 for the 50% bracket and above $44,000 for the 85% bracket.

Can retirement accounts affect your Social Security benefits?

Many people worry that their retirement accounts (e.g., IRAs, 401(k)s) could lower their Social Security benefits. Fortunately, this is not the case. The major effect that these accounts will have relates to taxes. IRAs and 401(k)s have required minimum distributions (RMDs).

RMDs could push your income into the taxable threshold unless you have a Roth account. Even though your retirement accounts won't reduce your benefits, they could reduce your overall income due to taxes.

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Bottom line

Understanding the average Social Security benefit for a 70-year-old American can give you an idea of what you'll receive when you retire. While waiting until 70 can lead to the largest monthly check, the right timing depends on your health, income needs, and long-term goals. The key is to understand how the system works and run the numbers for your own situation.

Before you choose your retirement age, take a few minutes to log into your Social Security account, review your earnings history, and explore your benefit estimates. A little planning now can lead to a more secure and confident retirement later.

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