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The Social Security Administration will issue payments on July 16 and July 23, 2025.
These disbursements are for individuals who began receiving Social Security benefits after April 30, 1997 and are not part of the Supplemental Security Income (SSI) program, which provides assistance to low-income Americans.
The payments are also based on the beneficiary’s birth month.
Payment Schedule Based on Birth Dates
For Social Security recipients, the payment date depends on the date of birth:
- Birthdates from the 1st to the 10th: Payments will be issued on August 13, 2025, following the payment due on July 9, 2025.
- Birthdates from the 11th to the 20th: These recipients will receive their payments on July 16, 2025.
- Birthdates from the 21st to the 31st: Payments for these individuals will be made on July 23, 2025.
While the average retirement benefit for individuals receiving Social Security through direct deposit or checks is approximately $2,002, not everyone qualifies for this amount.
The actual payment may vary depending on various factors such as the age at which you started collecting benefits and your work history.
Social Security Payment Details for Ages 62-67
Social Security benefits are directly influenced by the age at which you begin collecting. If you begin taking benefits earlier than the Full Retirement Age (FRA), your monthly benefit is reduced.
Average Social Security Payment for 62-Year-Olds
At age 62, early retirement benefits reduce your monthly payments by approximately 30%. As of December 2024, more than 594,200 retirees aged 62 received an average benefit of $1,341.
- Men aged 62 typically receive around $1,485.
- Women aged 62 generally receive around $1,207.
Although women comprise a slightly larger group, their payments are generally lower than those of men in the same age group.
Social Security Payment for 63-Year-Olds
At age 63, retirees receive slightly higher payments. The average payment for this group is about $1,364.
- Women aged 63 receive about $1,233 on average.
- Men in this group average $1,504.
Payments for 64-Year-Olds
As of 2024, there are 1,054,710 retirees aged 64. The average Social Security benefit for this group is approximately $1,425.42.
- Men aged 64 receive about $1,573.59 on average.
- Women in this age group get around $1,288.65.
Social Security Payments for Ages 65-67
At age 65, retirees are no longer eligible for 100% of their retirement benefits, as the Full Retirement Age (FRA) is now 66 years and 8 months, with plans to increase to 67. Below are the average payments for those nearing FRA:
65-Year-Olds
- The average benefit for 65-year-olds is about $1,611.
- Men receive an average of $1,784.
- Women in this group receive about $1,452.
66-Year-Olds
- The average payment for those aged 66 is $1,763.
- Men aged 66 receive $1,958.
- Women in this age group typically receive $1,580.
67-Year-Olds
- Retirees who reach age 67 and begin collecting benefits at this time will receive 100% of their Social Security benefits. The average payment for 67-year-olds is $1,929.
- Men in this group receive about $2,142.
- Women aged 67 collect around $1,719 on average.
The amount you receive from Social Security is heavily influenced by your age at retirement and when you start claiming benefits. Waiting until your Full Retirement Age (FRA) ensures you get the full benefit, which increases as you age. Whether you’re 62 or 67, it’s important to check your SSA statement regularly to understand what you can expect at each stage of retirement.
FAQs
What determines the amount I receive from Social Security?
Your Social Security benefit is determined by factors such as your work history, the age at which you begin collecting, and the number of years you’ve contributed to the program.
How can I check my expected Social Security payments?
You can download your Social Security statement online from the SSA website to see an estimate of your future benefits based on your current earnings.
Is it better to start Social Security benefits at age 62 or wait until later?
Starting benefits at 62 results in a 30% reduction in your monthly payments, whereas waiting until your Full Retirement Age (FRA) allows you to collect the full benefit.