This is an archival or historical document. It may not reflect current policies or procedures
Your full retirement age is 65
If you start receiving benefits at age 65, you get 100% of your monthly benefit. If you delay receiving retirement benefits until after age 65, your monthly benefit continues to increase.
The chart below explains how delayed retirement affects your benefit. The increase is based on your date of birth and the number of months you delay the start of your retirement benefits. If you start receiving retirement benefits at age
-
67, you'll get 111% of the monthly benefit because you delayed getting benefits for 24 months.
-
70, you'll get 127.5% of the monthly benefit because you delayed getting benefits for 60 months.
When you reach age 70, your monthly benefit stops increasing even if you continue to delay taking benefits.
If you decide to delay your retirement, be sure to
Sign up for Medicare at age 65
In some circumstances, medical insurance costs more if you delay applying for it.
| If you start getting benefits at age* |
Multiply your Full Retirement Benefit by |
|---|---|
| 65 | 100.0% |
| 65 + 1 month | 100.5% |
| 65 + 2 months | 100.9% |
| 65 + 3 months | 101.4% |
| 65 + 4 months | 101.8% |
| 65 + 5 months | 102.3% |
| 65 + 6 months | 102.8% |
| 65 + 7 months | 103.2% |
| 65 + 8 months | 103.7% |
| 65 + 9 months | 104.1% |
| 65 + 10 months | 104.6% |
| 65 + 11 months | 105.0% |
| 66 | 105.5% |
| 66 + 1 month | 106.0% |
| 66 + 2 months | 106.4% |
| 66 + 3 months | 106.9% |
| 66 + 4 months | 107.3% |
| 66 + 5 months | 107.8% |
| 66 + 6 months | 108.3% |
| 66 + 7 months | 108.7% |
| 66 + 8 months | 109.2% |
| 66 + 9 months | 109.6% |
| 66 + 10 months | 110.1% |
| 66 + 11 months | 110.5% |
| 67 | 111.0% |
| 67 + 1 month | 111.5% |
| 67 + 2 months | 111.9% |
| 67 + 3 months | 112.4% |
| 67 + 4 months | 112.8% |
| 67 + 5 months | 113.3% |
| 67 + 6 months | 113.8% |
| 67 + 7 months | 114.2% |
| 67 + 8 months | 114.7% |
| 67 + 9 months | 115.1% |
| 67 + 10 months | 115.6% |
| 67 + 11 months | 116.0% |
| 68 | 116.5% |
| 68 + 1 month | 117.0% |
| 68 + 2 months | 117.4% |
| 68 + 3 months | 117.9% |
| 68 + 4 months | 118.3% |
| 68 + 5 months | 118.8% |
| 68 + 6 months | 119.3% |
| 68 + 7 months | 119.7% |
| 68 + 8 months | 120.2% |
| 68 + 9 months | 120.6% |
| 68 + 10 months | 121.1% |
| 68 + 11 months | 121.5% |
| 69 | 122.0% |
| 69 + 1 month | 122.5% |
| 69 + 2 months | 122.9% |
| 69 + 3 months | 123.4% |
| 69 + 4 months | 123.8% |
| 69 + 5 months | 124.3% |
| 69 + 6 months | 124.8% |
| 69 + 7 months | 125.2% |
| 69 + 8 months | 125.7% |
| 69 + 9 months | 126.1% |
| 69 + 10 months | 126.6% |
| 69 + 11 months | 127.0% |
| 70 or later | 127.5% |
| *If your birthday is on the 1st of the month, we figure your benefit as if your birthday were in the previous month. | |