Social Security benefits are a key part of retirement income for many people. Knowing how much you can expect and understanding your options for claiming those benefits is crucial to planning your future.

Here’s a simple step-by-step guide to help you find out your personal Social Security benefits and what choices you have for when to start taking them.

Step 1: Set Up an Account on the Social Security Website

The easiest way to see your Social Security benefits is by creating an account on the Social Security Administration (SSA) website. This account gives you access to your Social Security statement, which estimates your retirement, disability, and survivor benefits.

Just head to the SSA website and click “Sign In/Up” at the top right. Follow the instructions to create your account and verify your identity. It only takes a few minutes!

Step 2: Review Your Social Security Statement

Once you’re logged in, you’ll be able to view your personalized Social Security statement. This document shows:

• Your estimated monthly benefits if you start claiming at age 62, your full retirement age (which depends on your birth year), and age 70. 
• Your earnings history, which is the basis for calculating your benefits. 

Make sure to double-check your earnings record for any mistakes — errors could mean you’re missing out on benefits. If something looks off, contact the SSA to get it fixed.

Step 3: Decide When to Start Taking Benefits

You can start collecting Social Security benefits as early as 62, but be aware that your monthly payments will be lower if you claim before your full retirement age. Waiting until age 70 means you’ll receive higher monthly payments.

Choosing the right age to start benefits is a big decision that can affect your retirement income for years to come. It’s a good idea to chat with a financial advisor to figure out the best timing for you.

Step 4: Apply for Your Benefits

When you’re ready, you can apply for benefits online, over the phone, or in person at your local Social Security office.

Try to apply about three months before you want your benefits to begin — this gives the SSA enough time to process your application without delays.

Creating an SSA account and reviewing your Social Security statement puts you in control of your retirement planning. Knowing your benefit options helps you make smarter choices about when and how to claim your money.