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To find out how much your benefit will be reduced if you begin receiving benefits from age 62 up to your full retirement age, use the chart below and select your year of birth. This example is based on an estimated monthly benefit of $1000 at full retirement age.
Normal Retirement Age; Year of birth Age; 1937 and prior: 65: 1938: 65 and 2 months: 1939: 65 and 4 months: 1940: 65 and 6 months: 1941: 65 and 8 months: 1942: 65 and 10 months: 1943-54: 66: 1955: 66 and 2 months: 1956: 66 and 4 months: 1957: 66 and 6 months: 1958: 66 and 8 months: 1959: 66 and 10 months: 1960 and later: 67: Notes: 1.
You can find your full retirement age by choosing your birth year in the calculator below, or by using our retirement age chart. If your birthday is January 1st of any year, enter the previous year because that is how we determine your full retirement age. If you were born in: Why Did the Full Retirement Age Change?
May 13, 2024 · Key Points. Full retirement age is when you're eligible to claim your standard Social Security benefit. Full retirement age is 67 for those born after 1959. You can earn delayed retirement...
Mar 7, 2024 · Key Takeaways: The full retirement age to receive full Social Security benefits will vary by birth year, ranging from 65 to 67. Claiming Social Security before your full retirement age...
Views: The current full retirement age is 67 years old for people attaining age 62 in 2024. (The age for Medicare eligibility remains at 65.) See Benefits By Year Of Birth for more information.
You can start receiving your Social Security retirement benefit as early as age 62. But we will reduce your benefits by as much as 30% below what you would get if you waited to begin receiving benefits until your full retirement age.
The full retirement age increases gradually if you were born from 1955 to 1960, until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67. You can find your full retirement age by birth year in the full retirement age chart.
Aug 7, 2023 · The first step in understanding where Social Security will fit into your retirement plan is to identify your full retirement age. From there, you can use the full retirement age chart to calculate how your benefits would change if you begin taking benefits early or if you delay claiming.
Apr 4, 2023 · For everyone born in 1960 or later, it will be standardized at age 67: Full Retirement Age vs Early Retirement Age. While understanding your full retirement age is a key part of the puzzle, it’s...
