Full-retirement age has been 65 for many years. However, beginning with people born in 1938 or later, that age will gradually increase until it reaches 67 for people born after 1959. The following chart shows the steps in which the age will increase.
Year of Birth
|
Full Retirement Age |
1937 or earlier
|
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--1954
|
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
|
Note: Persons born on January 1 of any year should refer to the full retirement age for the previous year.
|