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Birth year. Full retirement age. 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 or later
Birth Year. 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
If you're within 36 months of your full retirement age, the Social Security Administration reduces your monthly payout by 5/9 of 1% for each month you claim early. Beyond 36 months, the program ...
If you’re younger than full retirement age for all of 2024, the Social Security Administration will deduct $1 of your monthly check for every $2 you earn above $22,320 per year.
However, age 62 is the earliest you can file for Social Security, and everyone's FRA will fall between ages 66 and 67, depending on your birth year. Social Security full retirement age chart ...
Social Security full retirement age chart. Image source: The Motley Fool. Filing any earlier than your FRA will permanently reduce your monthly benefit. If you have an FRA of 67 and claim at 62 ...
Chart showing Social Security full retirement ages by birth year. ... If you're within 36 months of your full retirement age, Social Security reduces benefits by 5/9 of 1% each month. Each ...
The average retired worker collects around $1,298 per month at age 62, according to the Social Security Administration, while the average benefit at age 70 is around $2,038 per month.