If you were born in 1960 your full retirement age is 67
Remember, the earliest a person can start receiving Social Security retirement benefits will remain age 62.
If you start receiving retirement benefits at:
- age 62, you will get 70 percent of the monthly benefit because you will be getting benefits for an additional 60 months.
- age 65, you will get 86.7 percent of the monthly benefit because you will be getting benefits for an additional 24 months.
If you start receiving benefits as a spouse at your full retirement age, you will get 50 percent of the monthly benefit your spouse would receive if their benefits started at full retirement age. If you start receiving benefits at:
- age 62, you will get 32.5 percent of the monthly benefit instead of 50 percent because you will be getting benefits for an additional 60 months.
- age 65, you will get 41.7 percent of the monthly benefit instead of 50 percent because you will be getting benefits for an additional 24 months.
How Your Social Security Benefit Is Reduced
| If you start getting benefits at age* | And you are the: Wage Earner, the Retirement Benefit you will receive is reduced to | And you are the: Spouse, the Retirement Benefit you will receive is reduced to |
|---|---|---|
| 62 | 70.0% | 32.5% |
| 62 + 1 month | 70.4 | 32.7 |
| 62 + 2 months | 70.8 | 32.9 |
| 62 + 3 months | 71.3 | 33.1 |
| 62 + 4 months | 71.7 | 33.3 |
| 62 + 5 months | 72.1 | 33.5 |
| 62 + 6 months | 72.5 | 33.8 |
| 62 + 7 months | 72.9 | 34.0 |
| 62 + 8 months | 73.3 | 34.2 |
| 62 + 9 months | 73.8 | 34.4 |
| 62 + 10 months | 74.2 | 34.6 |
| 62 + 11 months | 74.6 | 34.8 |
| 63 | 75.0 | 35.0 |
| 63 + 1 month | 75.4 | 35.2 |
| 63 + 2 months | 75.8 | 35.4 |
| 63 + 3 months | 76.3 | 35.6 |
| 63 + 4 months | 76.7 | 35.8 |
| 63 + 5 months | 77.1 | 36.0 |
| 63 + 6 months | 77.5 | 36.3 |
| 63 + 7 months | 77.9 | 36.5 |
| 63 + 8 months | 78.3 | 36.7 |
| 63 + 9 months | 78.8 | 36.9 |
| 63 + 10 months | 79.2 | 37.1 |
| 63 + 11 months | 79.6 | 37.3 |
| 64 | 80.0 | 37.5 |
| 64 + 1 month | 80.6 | 37.8 |
| 64 + 2 months | 81.1 | 38.2 |
| 64 + 3 months | 81.7 | 38.5 |
| 64 + 4 months | 82.2 | 38.9 |
| 64 + 5 months | 82.8 | 39.2 |
| 64 + 6 months | 83.3 | 39.6 |
| 64 + 7 months | 83.9 | 39.9 |
| 64 + 8 months | 84.4 | 40.3 |
| 64 + 9 months | 85.0 | 40.6 |
| 64 + 10 months | 85.6 | 41.0 |
| 64 + 11 months | 86.1 | 41.3 |
| 65 | 86.7 | 41.7 |
| 65 + 1 month | 87.2 | 42.0 |
| 65 + 2 months | 87.8 | 42.4 |
| 65 + 3 months | 88.3 | 42.7 |
| 65 + 4 months | 88.9 | 43.1 |
| 65 + 5 months | 89.4 | 43.4 |
| 65 + 6 months | 90.0 | 43.8 |
| 65 + 7 months | 90.6 | 44.1 |
| 65 + 8 months | 91.1 | 44.4 |
| 65 + 9 months | 91.7 | 44.8 |
| 65 + 10 months | 92.2 | 45.1 |
| 65 + 11 months | 92.8 | 45.5 |
| 66 | 93.3 | 45.8 |
| 66 + 1 month | 93.9 | 46.2 |
| 66 + 2 months | 94.4 | 46.5 |
| 66 + 3 months | 95.0 | 46.9 |
| 66 + 4 months | 95.6 | 47.2 |
| 66 + 5 months | 96.1 | 47.6 |
| 66 + 6 months | 96.7 | 47.9 |
| 66 + 7 months | 97.2 | 48.3 |
| 66 + 8 months | 97.8 | 48.6 |
| 66 + 9 months | 98.3 | 49.0 |
| 66 + 10 months | 98.9 | 49.3 |
| 66 + 11 months | 99.4 | 49.7 |
| 67 | 100.0 | 50.0 |
| *If your birthday is on the 1st of the month, we figure your benefit as if your birthday were in the previous month. | ||