ools or later, the full-benefit retirement age is 67 your basic retirement benefit will be permanently reduced by 6% to retire before the full-benefit retirement age, you and your spouse will lose a total of 30% Use the table below to estimate your and your spouse's expected annual Social Security benefits. Full-benefit annual retirement benefits to Given the data in the table above, if you and your spouse retire at your full-benefit age, you should expect to receive your spouse should expect to receive each year. This would result in a combined annual Social Security benefit income of " years of age. If you and your spouse decide to retire prior to this age, per year for each year that you retire early. This means that if you elect of your expected Social Security benefits. Present annual earnings $45,000 $55,000 $35,000 $17,160 $20,400 However, if you and your spouse elected to retire at age 62, then your and your spouse's expected Social Security benefits will be respectively. Your combined Social Security