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Full Retirement Age for Social Security

Based on the 1983 Social Security amendments

FRA if born 1960+
67
earliest you can claim
62
claiming at 62
−30%
delaying to 70
+24%

Your full retirement age (FRA) is the age you qualify for 100% of your Social Security retirement benefit. For everyone born in 1960 or later it's 67. You can start as early as 62, but each month before FRA permanently lowers your check; waiting past FRA earns delayed credits up to age 70. The tables below show your exact FRA by birth year and how much claiming at each age changes your monthly amount.

Full retirement age by birth year

Birth year Full retirement age
1955 66 years 2 months
1956 66 years 4 months
1957 66 years 6 months
1958 66 years 8 months
1959 66 years 10 months
1960 67 years

Born 1955-1959: FRA rises two months per year. Born 1960 or later: FRA is 67.

How your benefit changes by claiming age (FRA 67)

For someone with an FRA of 67 and a $2,000 full benefit:

Claiming age % of full benefit On a $2,000 benefit
62 (earliest) 70.0% $1,400
62 and 6 months 72.5% $1,450
63 75.0% $1,500
63 and 6 months 77.5% $1,550
64 80.0% $1,600
64 and 6 months 83.3% $1,667
65 86.7% $1,733
65 and 6 months 90.0% $1,800
66 93.3% $1,867
66 and 6 months 96.7% $1,933
67 (FRA) 100.0% $2,000
67 and 6 months 104.0% $2,080
68 108.0% $2,160
68 and 6 months 112.0% $2,240
69 116.0% $2,320
69 and 6 months 120.0% $2,400
70 (max) 124.0% $2,480

Frequently asked questions

What is my full retirement age?
If you were born in 1960 or later, your full retirement age is 67. For people born 1955-1959 it rises by two months per birth year (66 and 2 months up to 66 and 10 months). Anyone born 1943-1954 has an FRA of exactly 66.
What happens if I claim before full retirement age?
Claiming early permanently reduces your monthly benefit, by 5/9 of 1% for each of the first 36 months early and 5/12 of 1% per month beyond that. For someone with an FRA of 67, claiming at 62 means about a 30% smaller check for life.
How much more do I get by waiting until 70?
Delayed retirement credits add 2/3 of 1% per month (8% per year) for every month you wait past FRA, up to age 70. For an FRA of 67 that's about 24% more than your full benefit. Waiting past 70 adds nothing.
Does full retirement age affect Medicare?
No. Medicare eligibility is age 65 regardless of your Social Security full retirement age. You can enroll in Medicare at 65 even if you delay your retirement benefit.

Related: average check by age · maximum benefit · COLA