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For example, if you retire at full retirement age in 2015, your maximum benefit would be $2,663.However, if you retire at age 62 in 2015, your maximum benefit would be $2,025. If you retire at age 70 in 2015, your maximum benefit would be $3,501.or example, if you retire at full retirement age in 2015, your maximum benefit would be $2,663.
The $16,920 income limit is only applied to individuals who are younger than their full retirement age. Your full retirement age, or the age at which you qualify for 100% of your Social Security benefit, depends on the year in which you were born. Currently, the full retirement age is 66.