Retirement at 65? Not Anymore: Social Security’s Full Retirement Age Rises to 67

• Author: Muriel Robel
• Posted: 2025-06-12

Starting in 2026, Americans approaching retirement will face a new standard: the full retirement age (FRA) for Social Security benefits is shifting to 67 for those born in 1960 or later.

This change is part of a long-term strategy designed to keep the Social Security program financially stable. It reflects increasing life expectancies and the growing number of retirees drawing benefits for longer periods.

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What’s the New Full Retirement Age?

• Born in 1959? Your full retirement age is 66 years and 10 months

• Born in 1960 or later? Your new full retirement age is 67

While you can still begin claiming Social Security at 62, doing so before reaching FRA will lead to reduced monthly payments, up to 30% less for life.

Check this out: Unlock Up to $1,900/Month: How State SSI Supplements Can Boost Your Benefits

Why Social Security Is Making This Change

The retirement system has been under increasing pressure due to demographic shifts.

People are living longer, and the retiree population is expanding faster than the number of workers paying into the system.

By raising the FRA, Social Security is attempting to extend the program’s solvency and prevent major funding shortfalls down the road.

How It Affects Your Retirement Planning

This new FRA doesn’t mean you can’t retire at 62, but it does mean you’ll receive lower monthly benefits if you claim early. Here’s what to consider:

• Delaying benefits until age 70 results in higher monthly payments.

• Claiming early could make sense if you have a shorter life expectancy or urgent financial needs.

• Waiting until FRA (or later) is generally a better choice if you’re in good health and can afford to delay.

You can estimate your benefit amounts using the official SSA Retirement Calculator.

Read: The $100,000 Retirement Mistake: Why Delaying Social Security Can Lead to Bigger Benefits

Take Action Now

If you’re approaching retirement, review your Social Security Statement to verify your earnings and get a projection of future benefits.

Planning is more important than ever, especially with these changes set to take effect in 2026.

Not sure what financial aid is available to you? Get the details here!

The traditional retirement age of 65 is no longer the benchmark for full Social Security benefits.

With the FRA rising to 67, understanding your options and planning early is key to making the most of your retirement income.

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