Discover how certain retirees may qualify for a bigger deposit and the specific dates to keep in mind.
Shortly after turning 62, many Americans start collecting retirement benefits, but not everyone knows that payments can vary significantly. The average 62-year-old receives around $1,341.61 per month, based on December 2024 figures. However, a few individuals manage to secure up to $2,831, provided they have met the taxable maximum for 35 years and still filed for retirement at 62.
If you wait until your Full Retirement Age, your check could be substantially larger—some retirees can receive up to $4,018. Yet, for those who need the funds sooner, 62 remains the earliest point to begin collecting. Are you curious about whether you might qualify for that top-tier payment in June?
How to know if you meet the precise requirements for a $2,831 payment
The Social Security Administration has four main payment dates every month. If your birthday falls between the 1st and 10th, expect your deposit on June 11. Those with birthdays between the 11th and 20th may receive it on June 18, and the 21st to 31st group will see their payment on June 25. There is also a special payday on June 3, but it generally applies to people on Supplemental Security Income (SSI) or beneficiaries with earlier claim dates, so it is unlikely for new 62-year-old retirees.
Even if your final amount is less than $2,831, you can still benefit from these scheduled dates. The key factors to maximize your payment include earning the required payroll tax levels for at least 35 years, filing for retirement at age 62, and confirming that your jobs have contributed enough over time. Below is a quick overview of the June payment schedule for retirees:
| Birthday Range | Expected Payment Date |
|---|---|
| 1–10 | June 11 |
| 11–20 | June 18 |
| 21–31 | June 25 |
Important steps that ensure 62-year-old Social Security recipients do not miss out
Sometimes banks take extra days to process payments. Consequently, if you do not see your deposit right away, consider waiting up to three mailing days. After that, you may contact your bank or the Social Security Administration to report any irregularities.
It is also wise to keep your address and bank account details updated to avoid potential payment delays. On the other hand, if you work while receiving retirement benefits, your monthly amount could decrease. Therefore, it is essential to check your personal Statement online to see how much you may earn at different ages and whether your family might qualify for survivor benefits.
Finally, remember to confirm that you meet all conditions if you aim for the highest possible check at 62. While some may prefer waiting for a larger sum later, those who meet the necessary requirements can receive a rewarding early payment.