Early Retirement Earnings Limit 2024. If you earn more than that, you'll risk having $1 in social security withheld per every $2 of earnings over the limit. For people attaining nra in 2024, the annual exempt amount is $59,520.
For example, if you retired early and your retirement benefit is normally $1,200 per month but you incurred a $500 penalty, the social security administration. The social security administration reduces your benefit by $1 for every $3 of earnings above the income limit in the year in which you reach full retirement age.