A major update from the Social Security Administration (SSA) confirms that retirees who delay claiming their benefits could receive a significant financial boost in 2025. By waiting until age 70 to begin collecting Social Security, individuals can receive up to $5,108 per month—a full $1,090 more than the standard benefit amount available at full retirement age.

This increase is part of the SSA’s incentive structure designed to reward those who postpone retirement. While Americans can choose to start receiving benefits at age 62, known as early retirement, doing so results in permanent monthly reductions. On the other hand, deferring benefits until age 70 allows recipients to maximize their monthly payout through delayed retirement credits.

How to Qualify for the Maximum Social Security Benefit

The amount a retiree receives is determined by two main factors: their earnings history and the age at which they begin collecting benefits. For each month Social Security is deferred beyond full retirement age, the benefit increases by a set percentage. These automatic increases continue until age 70, or until the retiree begins collecting—whichever comes first.

In 2025, those who retire at full retirement age can receive up to $4,018 monthly, but those who wait until 70 can claim up to $5,108, according to the SSA. That $1,090 difference could add up to thousands more each year, offering a clear incentive to delay claiming for those who can afford to wait.

Work Requirements: How Many Years Are Needed?

To qualify for Social Security retirement benefits, individuals must have earned at least 40 work credits. In 2025, one credit is granted for every $1,810 in wages or self-employment income, up to four credits per year. This means most workers will need at least 10 years of employment where they contributed to Social Security to be eligible.

Importantly, work credits never expire, even if someone stops working for a period of time. As long as the individual meets the credit requirement and the age criteria, they can claim benefits when ready.

Additionally, starting April 14, 2025, the SSA requires all new applicants to verify their identity before benefits can be approved—part of an effort to enhance security and prevent fraud.