![\"Mature](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/mature-senior-couple-happy-tax-paperwork_iStock-1221754716.jpg\")
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Commitment to Our Readers<\/p>\n
GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n 20 Years<\/strong> Trusted by<\/strong> Understanding the average retirement benefits by age can help you better plan for your financial future. At the same time, it\u2019s important to understand your own benefit amount will depend on how much you\u2019ve earned, how long you worked and the age at which you claimed your benefit<\/a>, among other potential factors.<\/p>\n While you generally can claim a reduced benefit well before the age of 70, you might find it beneficial to delay your claim and receive a higher amount. Here\u2019s a closer look at what you might expect in benefits at age 70<\/a>.<\/p>\n<\/p>\n Looking at Benefits<\/p>\n As of June 2025, the average Social Security monthly check for retired workers was $2,005.05, according to the Social Security Administration\u2019s Monthly Statistical Snapshot<\/a>. Kiplinger analyzed<\/a> SSA information and found the average monthly benefit for retirees at age 70 was $2,176.76.<\/p>\n \u201cUp to 85% of Social Security benefits may be taxable, depending on income from other sources, such as IRAs or part-time work,\u201d said Shanli Liu, founder of FreedomFolio<\/a>.<\/p>\n Working on Better Budgeting<\/p>\n According to Liu, one major win when it comes to better retirement budgeting is converting pre-tax retirement funds, such as traditional IRAs and 401(k)s to Roth accounts<\/a>, in the early retirement years between ages 62 and 70, when income is often at a natural low.<\/p>\n \u201cThis reduces future required minimum distributions and protects Social Security from unnecessary taxation,\u201d Liu said.<\/p>\n Avoiding Common Pitfalls<\/p>\n Liu said one common planning pitfall is underestimating how long retirement lasts. \u201cPlanning to age 85 is outdated. We plan to age 92 by default, and that extra decade dramatically reshapes how safe a drawdown strategy is.\u201d<\/p>\n![\"\"](\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&quality=75\"){kind=icon}
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