Retirement planning often hinges on knowing exactly when you can start receiving full Social Security benefits. As of 2025,
the Social Security Administration (SSA) has once again raised the full retirement age (FRA).
It is no longer fixed at 65—many retirees will need to wait longer for full benefits.
Why Has the Full Retirement Age Changed?
The gradual increase in FRA stems from a major reform law enacted in 1983.
The aim was to improve the financial stability of the Social Security system by adjusting retirement expectations to reflect longer life spans.
Starting in 2025, individuals born in 1959 must wait until 66 years and 10 months for full benefits, while those born in 1960 or later must wait until age 67.
Who Is Affected by the New Retirement Ages?
| Birth Year Range | Full Retirement Age (FRA) |
|---|---|
| 1958 | Previously 66 years & 8 months |
| 1959 | 66 years and 10 months |
| 1960 or later | 67 years |
For many years, 65 was considered the standard FRA. Thanks to the reform law, the age has been rising gradually, culminating in this 2025 update.
What This Means for Early or Delayed Claims
- You can start claiming retirement benefits as early as age 62, but your monthly benefit will be permanently reduced.
- For example, if your FRA is 67 and you start claiming at 62, your benefits may be around 30% lower.
- Conversely, delaying claim beyond FRA increases benefits—up to 8% per year, until age 70.
Why This Change Matters
Understanding this shift is critical to retirement planning. Retiring too soon could mean a permanent reduction in your monthly income.
Aligning your retirement age with your personal finances, health, and goals can help maximize benefits and ensure better financial security.
The SSA’s adjustment of the full retirement age to 66 years, 10 months for those born in 1959, and 67 for those born in 1960 or later, marks an important update in retirement policy.
It’s vital to plan accordingly—claiming benefits too early may reduce lifetime income, while delaying could result in significant gains.
Stay informed and align your choices with both your longevity and financial needs.
FAQs
What is the full retirement age for people born in 1959?
The full retirement age for people born in 1959 is 66 years and 10 months.
What is the full retirement age for people born in 1960 or later?
For individuals born in 1960 or later, the full retirement age is 67 years.
How does delaying retirement affect Social Security benefits?
For each year you delay claiming past FRA (until age 70), your monthly benefit increases by approximately 8%.