Find Your Retirement Age

No matter what your full retirement age is, you may start receiving benefits as early as age 62.

Note: If you were born on January 1st of any year you should refer to the previous year in the chart below.

Year of Birth	Full Retirement Age	Age 62 Reduction Months	Monthly % Reduction^1.	Total % Reduction^1.	Monthly % Reduction (spouse^2.)	Total % Reduction (spouse^2.)
1937 or earlier	65	36	.555	20.00	.694	62.50
1938	65 and 2 months	38	.548	20.83	.679	62.92
1939	65 and 4 months	40	.541	21.67	.667	63.34
1940	65 and 6 months	42	.535	22.50	.655	63.75
1941	65 and 8 months	44	.530	23.33	.644	64.17
1942	65 and 10 months	46	.525	24.17	.634	64.58
1943--1954	66	48	.520	25.00	.625	65.00
1955	66 and 2 months	50	.516	25.84	.617	65.42
1956	66 and 4 months	52	.512	26.66	.609	65.84
1957	66 and 6 months	54	.509	27.50	.602	66.25
1958	66 and 8 months	56	.505	28.33	.595	66.67
1959	66 and 10 months	58	.502	29.17	.589	67.08
1960 and later	67	60	.500	30.00	.583	67.50
Monthly and total percentage reductions are approximate due to rounding. The actual reductions for the worker are .555 or 5/9 of 1% per month for the first 36 months and .416 or 5/12 of 1% for subsequent months. The maximum spouses benefit is 50% of the benefit the worker would receive at full retirement age. The monthly % reduction for the spouse does not include that automatic 50% reduction. Percentage reductions are approximate due to rounding.

If you retire early

You can also retire at any time between age 62 and full retirement age. However, if you start at one of these early ages, your benefits are reduced a fraction of a percent for each month before your full retirement age.

As a general rule, early retirement will give you about the same total Social Security benefits over your lifetime, but in smaller amounts to take into account the longer period you will receive them.

Note: If your birthday is on the 1st of the month, we figure the benefit as if your birthday was the previous month.

Pros and Cons

There are disadvantages and advantages to taking your benefit before your full retirement age. The advantage is that you collect benefits for a longer period of time. The disadvantage is that your benefit is permanently reduced. Each person's situation is different, so make sure you contact Social Security before you decide to retire.


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