Key Points You may be gearing up to claim Social Security before 2025 comes to an end.It's important to know what benefits to expect and make sure you're not shorting yourself on retirement income you might need.

When you've spent four decades or more in the workforce, it's understandable to be drawn to the idea of claiming those monthly checks at 62.

If benefits are reduced, it would require $138,000 in additional savings to generate the same income, PensionBee found. Here's how that breaks down by age.