You have to be 70 1/2 before RMDs kick in. I'm only 62. I retired at 61 and am paying myself the equivalent of SS from my IRA until I'm 67 then I can collect my full amount.
Thank you.
You did not explain your status in your post.
The amount of SS that you give up by delaying retirement is not worth it.
If you retire at age 62 you get about a 20% reduction in benefits for life. However, you get 80% of your benefits for three extra years.
80% X 3 yrs = 240% divided by the 20% increase by waiting and it takes 12 years just to get your money equivalent back with no time value for money included.
Thus if you waited to 65 or 66 to retire you would collect to 65+12 or age 77 or 78 just to get your $$$ you gave up by waiting.
Save your IRA money and collect the Social Security.
Many times I had clients tell me they were retiring early as they had a stroke, heart surgery, hip replacement.... and I advised them to file for disability. They filed for both retirement and disability at the same time, collected the retirement until the disability was approved and then it was switched over to disability pension. There is no reduction for disability like there is for early retirement and Medicare kicks in 2 years after disability even if the person is under 65. Every case the disability was approved for my clients who were age 62+. I asked a Social Security atty in DC and he said they were approving the claims as it was not worth fighting.
If you collect disability, at 65+(depending upon phase in) it automatically becomes a full retirement benefit.