Full retirement age

If your full retirement age is older than 65 (that is, you were born after 1937), you still will be able to take your benefits at age 62, but the reduction in your benefit amount will be greater than it is for people retiring now.

Here's how it works. If your full retirement age is 67, the reduction for starting your

• Retirement benefits at 62 is about 30 percent. The reduction for starting benefits at age

  • 63 is about 25 percent;
  • 64 is about 20 percent;
  • 65 is about 13.3 percent; and
  • 66 is about 6.7 percent.

• Benefit as a spouse at 62 is about 67.5 percent of the benefit your spouse would receive if his or her benefits started at full retirement age. The reduction for starting benefits as a spouse at age

  • 63 is about 65 percent;
  • 64 is about 62.5 percent;
  • 65 is about 58.3 percent;
  • 66 is about 51.5 percent; and
  • 67 is 50 percent.

Age To Receive Full Social Security Benefits

Note: If you qualify for benefits as a Survivor, your full retirement age may be different.