Absolutely! And the earlier you retire, the bigger "haircut" you get. The decision on when to retire can also be uncoupled from when you start taking SS benefits. So, if you have investments & savings outside of your IRA, 401k, or similar, and you can afford to do so, putting off your social-security benefits can help if you plan to live a very long time.
Alternatively, if you don't have longevity in your genes, or you're already in not-so-good health, taking early can make better sense before you go "toes up".
I actually think you should do the opposite. If you have other investments & savings, only pull from them for what you need to supplement your SS payments.
Start with any pre-tax (such as ROTH IRA or nonqualified savings that you earmarked for retirement), and avoid taking from your IRAs or 401(k)s until later to postpone income taxation.
If you start using up your own money and die before ever getting any SS, then what you saved and set aside will be diminished and not available to pass along to your heirs.
If you need $3,000 per month, and can get $2,000 per month from SS, TAKE IT, and use only $1,000/month of YOUR MONEY. Otherwise, you are using $3,000/month of your money, in the hope that you live until your future date for higher SS.
My problem is that I only sometimes want to retire. Lately, it has been “My hair is on fire” every week, sometimes every day. It kept me from taking any PTO so I finally blocked off all of October for PTO. I’m 63 but I normally enjoy what I do but we are down 3 people and I am the oldest rat in the barn so I know how to do everything. All emergencies end up in my lap.
But I honestly don’t know what I would do if I wasn’t working.