Social Security age chart: The age at which you can claim Social Security benefits is based on your year of birth. If you were born before 1938, the earliest age to start receiving benefits is 62. For those born after 1959, the earliest age is 66. Social Security’s full retirement age is 66 for those born in 1943 or later, and it increases gradually each year after that.
For example, if you were born in 1945, your full retirement age would be 67; if you were born in 1968 or later, it would be 69.
The Social Security Administration releases a new chart each year showing the age at which you can start collecting benefits. The chart below is for the year 2020, and it shows that the earliest age to begin receiving your Social Security benefits is 62.
The chart also shows when you can expect to be eligible for full retirement benefits, meaning that you’re not just collecting early retirement benefits but also your full retirement benefit amount. You’ll only be eligible for this amount if you wait until exactly your full retirement age, which is 66 in 2020.
Social Security’s full retirement age is getting older.
According to the Social Security Administration, the average American who retires at age 60 can expect to receive about $2,200 more per month than someone who retires at 62. That’s because people who retire before the full retirement age are eligible for a reduced monthly benefit.
The full retirement age, which is based on your birth year and gender, is gradually increasing from 66 in 2022 to 67 in 2029.
The age you start receiving Social Security benefits is determined by the year you were born. You can start receiving benefits at age 62, or any time after that.
Social Security is a program that provides benefits to individuals who have reached the age of eligibility. To receive Social Security benefits, you must be at least 62 years old and meet other eligibility requirements. There are different types of benefits available, including retirement, survivors and dependents’ benefits, disability insurance and Medicare coverage. The amount of your monthly Social Security benefit depends on your work history, earnings and marital status. You can apply for Social Security benefits online or in person at a local Social Security office. You should apply for social security as soon as possible after reaching age 62, but no later than 12 months after reaching age 65 to avoid being penalized for late filing.
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