Is 65 the Full Retirement Age?


Quick Answer

The full-benefit retirement age for those born in 1942 or earlier is 65. Social Security benefits for people born between 1943 and 1954 kicks in at age 66, with the age gradually increasing to 67 for people born in 1960 or later.

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Full Answer

Retirement benefits from the Social Security Administration can begin as early as age 62; however, monthly checks are approximately 30 percent less for retirees at this age than for those who wait until full retirement age.

For people born in 1960 or later, the reduction decreases to about 13.3 percent for recipients waiting until age 65 to retire. People who work beyond their full-benefit age may receive credits that increase monthly benefits. More than 40 percent of recipients claim their first benefits at age 62.

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