Question 1

What is the full retirement age in the US?

Accepted Answer

Full retirement age (FRA) in the US depends on your birth year. For those born 1943–1954, FRA is 66. For those born in 1960 or later, FRA is 67. Years in between have FRAs that increase by 2 months per year.

Question 2

Can I retire at 62?

Accepted Answer

Yes, you can claim Social Security as early as age 62, but your monthly benefit will be permanently reduced — by up to 30% if your full retirement age is 67. Delaying past FRA (up to age 70) increases your benefit.

Question 3

What is the average retirement age in the US?

Accepted Answer

According to Gallup, the average actual retirement age in the US is about 61–62, though many workers plan to retire later. The full retirement age for Social Security is 66–67 depending on birth year.

Question 4

How does my birth year affect my retirement age?

Accepted Answer

The Social Security Administration uses your birth year to determine your Full Retirement Age (FRA). Born before 1938: FRA is 65. Born 1943–1954: FRA is 66. Born 1960 or later: FRA is 67.

Question 5

How do I calculate my retirement savings goal?

Accepted Answer

A common rule of thumb is to save 10–15% of income annually and aim for 25× your annual expenses by retirement (the '4% rule'). A fee-only financial advisor can give personalized projections.

Retirement Age Calculator

When can I retire · Full retirement age · Social Security retirement age

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