Your Birth Year and Your FRA

Your FRA is determined by the year in which you were born. If you were born in 1937 or earlier, your FRA is 65. If you were born from 1943 to 1954, your FRA is 66. If you were born in 1960 or after, your FRA is 67. If you were born from 1938 to 1942, your FRA is 65 years and some months, with two months added for each year after 1937. So if you were born in 1938, your FRA is 65 years and two months. If you were born in 1939, your FRA is 65 years and four months. The addition of two months goes until 1942. The FRA for those with that birth year is 65 years and 10 months. Similarly, if you were born from 1955 to 1959, your FRA is 66 years and some months, with two months added for each year after 1954. So if you were born in 1955, your FRA is 66 years and two months. If you were born in 1956, your FRA is 66 years and four months. The addition of two months continues until 1959; the FRA for those with that birth year is 66 years and 10 months.

FRA of 65

The cohort of people whose FRA is 65 have all reached that age and are all now eligible to receive their full monthly payment. If they retired before 65, their monthly benefit was reduced by the percentages below at each listed retirement age.

62: 20%62 + 1 month: 19.4%62 + 2 months: 18.9%62 + 3 months: 18.3%62 + 4 months: 17.8%62 + 5 months: 17.2%62 + 6 months: 16.7%62 + 7 months: 16.1%62 + 8 months: 15.6%62 + 9 months: 15%62 + 10 months: 14.4%62 + 11 months: 13.9%63: 13.3%63 + 1 month: 12.8%63 + 2 months: 12.2%63 + 3 months: 11.7%63 + 4 months: 11.1%63 + 5 months: 10.6%63 + 6 months: 10%63 + 7 months: 9.4%63 + 8 months: 8.9%63 + 9 months: 8.3%63 + 10 months: 7.8%63 + 11 months: 7.2%64: 6.7%64 + 1 month: 6.1%64 + 2 months: 5.6%64 + 3 months: 5%64 + 4 months: 4.4%64 + 5 months: 3.9%64 + 6 months: 3.3%64 + 7 months: 2.8%64 + 8 months: 2.2%64 + 9 months: 1.7%64 + 10 months: 1.1%64 + 11 months: 0.6%

FRA of 66

The cohort of people whose FRA is 66 exactly have all reached that age. If these people retired early, their monthly payment was reduced by the percentages below at each listed retirement age.

62: 25%62 + 1 month: 24.6%62 + 2 months: 24.2%62 + 3 months: 23.7%62 + 4 months: 23.3%62 + 5 months: 22.9%62 + 6 months: 22.5%62 + 7 months: 22.1%62 + 8 months: 21.7%62 + 9 months: 21.2%62 + 10 months: 20.8%62 + 11 months: 20.4%63: 20%63 + 1 month: 19.4%63 + 2 months: 18.9%63 + 3 months: 18.3%63 + 4 months: 17.8%63 + 5 months: 17.2%63 + 6 months: 16.7%63 + 7 months: 16.1%63 + 8 months: 15.6%63 + 9 months: 15.0%63 + 10 months: 14.4%63 + 11 months: 13.9%64: 13.3%64 + 1 month: 12.8%64 + 2 months: 12.2%64 + 3 months: 11.7%64 + 4 months: 11.1%64 + 5 months: 10.6%64 + 6 months: 10%64 + 7 months: 9.4%64 + 8 months: 8.9%64 + 9 months: 8.3%64 + 10 months: 7.8%64 + 11 months: 7.2%65: 6.7%65 + 1 month: 6.1%65 + 2 months: 5.6%65 + 3 months: 5%65 + 4 months: 4.4%65 + 5 months: 3.90%65 + 6 months: 3.3%65 + 7 months: 2.8%65 + 8 months: 2.2%65 + 9 months: 1.7%65 + 10 months: 1.1%65 + 11 months: 0.6%

FRA of 67

If a person in the cohort of people whose FRA is 67 plans to retire early, their monthly payment will be reduced by the percentages below at each listed retirement age.

62: 30%62 + 1 month: 29.6%62 + 2 months: 29.2%62 + 3 months: 28.7%62 + 4 months: 28.3%62 + 5 months: 27.9%62 + 6 months: 27.5%62 + 7 months: 27.1%62 + 8 months: 26.7%62 + 9 months: 26.2%62 + 10 months: 25.8%62 + 11 months: 25.4%63: 25%63 + 1 month: 24.6%63 + 2 months: 24.2%63 + 3 months: 23.7%63 + 4 months: 23.3%63 + 5 months: 22.9%63 + 6 months: 22.5%63 + 7 months: 22.1%63 + 8 months: 21.7%63 + 9 months: 21.2%63 + 10 months: 20.8%63 + 11 months: 20.4%64: 20%64 + 1 month: 19.4%64 + 2 months: 18.9%64 + 3 months: 18.3%64 + 4 months: 17.8%64 + 5 months: 17.2%64 + 6 months: 16.7%64 + 7 months: 16.1%64 + 8 months: 15.6%64 + 9 months: 15%64 + 10 months: 14.4%64 + 11 months: 13.9%65: 13.3%65 + 1 month: 12.8%65 + 2 months: 12.2%65 + 3 months: 11.7%65 + 4 months: 11.1%65 + 5 months: 10.6%65 + 6 months: 10%65 + 7 months: 9.4%65 + 8 months: 8.9%65 + 9 months: 8.3%65 + 10 months: 7.8%65 + 11 months: 7.2%66: 6.7%66 + 1 month: 6.1%66 + 2 months: 5.6%66 + 3 months: 5%66 + 4 months: 4.4%66 + 5 months: 3.9%66 + 6 months: 3.3%66 + 7 months: 2.8%66 + 8 months: 2.2%66 + 9 months: 1.7%66 + 10 months: 1.1%66 + 11 months: 0.6%

FRAs of 66 Years and Some Months

If you were born in 1955 and plan to retire early, you can visit SSA’s retirement planning tool to determine how much your monthly benefit will be reduced by based on your retirement age. To calculate the reduction in benefit, subtract the “reduced to” percentage from 100. For the same information for birth years from 1956 to 1959, replace 1955 in the SSA tool with that birth year. The cohort of people born from 1938 to 1942 have all reached their FRA and are all now eligible to receive their full monthly benefit. If you still want to access information on monthly payment reductions for people born in one of those years, you can also replace 1955 in that URL with the birth year.