Retirement & Social Security
Calculator
Find your Full Retirement Age, see your Social Security benefit at 62, at FRA, and at 70, and project your own savings alongside it β all on one screen.
Quick answer: For someone born in 1975, Full Retirement Age is 67. On an estimated $2,000/mo benefit at FRA, claiming at 62 would pay about $1,400/mo ($16,800/yr), claiming at FRA pays $2,000/mo, and delaying to 70 pays about $2,480/mo ($29,760/yr) β a difference of $12,960 a year for life. Alongside Social Security, saving $800/mo on $150,000 today projects to about $719,034 by age 67 (in 16 years), roughly $28,761/yr at a 4% withdrawal rate. Educational estimate, not advice β verify your benefit at ssa.gov.
Last reviewed 7 July 2026 by the Richify AI editorial team.
ποΈSocial Security
Your Full Retirement Age: 67
Find your exact figure on your statement at ssa.gov/myaccount.
πYour savings
Your Social Security benefit by claim age
Claim at 62 (earliest)
$1,400/mo
$16,800/yr Β· reduced benefit
Claim at FRA (67)
$2,000/mo
$24,000/yr Β· full benefit
Claim at 70 (max)
$2,480/mo
$29,760/yr Β· delayed credits
Full Retirement Age by birth year
| Year of birth | Full Retirement Age |
|---|---|
| 1943β1954 | 66 |
| 1955 | 66 and 2 months |
| 1956 | 66 and 4 months |
| 1957 | 66 and 6 months |
| 1958 | 66 and 8 months |
| 1959 | 66 and 10 months |
| 1960 or later | 67 |
Source: US Social Security Administration retirement-age schedule. You can claim as early as 62 or delay to 70; the table shows the age for 100% of your benefit.
This is the textbook answer. Want to see this calculated against your actual accounts?
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Download Richify β Itβs FreeHow it works
This calculator answers two questions on one screen: what your Full Retirement Age is, and how your Social Security benefit changes depending on when you claim it. Your FRA is fixed by your birth year under the Social Security schedule. The monthly benefit you actually receive is your Primary Insurance Amount (PIA) adjusted for your claim age β reduced if you claim before FRA, increased if you delay past it.
The reduction for claiming early is 5/9 of 1% per month for the first 36 months before FRA, then 5/12 of 1% per month beyond that. The reward for delaying is a delayed retirement credit of 2/3 of 1% per month β about 8% per year β from FRA until age 70, after which the credits stop. These are the exact rules the Social Security Administration uses, applied to the FRA benefit you enter.
Social Security is only half the picture
Most retirement income comes from two places: Social Security and your own savings. The calculator also projects your personal nest egg β current savings plus monthly contributions, compounded to your target age β and shows an illustrative 4%-rule income from it. For a full readiness plan, use the US retirement planning guide; to project a 401(k) specifically, the 401(k) Calculator; and to model retiring early, the Early Retirement Calculator.
Limits of any projection
Social Security benefits are indexed to inflation but can be changed by law; the trust-fund outlook may affect future benefits. Investment returns vary year to year, and your actual PIA depends on your full earnings record. Treat this as an educational estimate, not a guarantee or advice, and confirm your numbers with your ssa.gov statement and a licensed professional.
How to use this calculator
- Enter your birth year. This sets your Full Retirement Age (FRA) under the Social Security schedule β 66 for people born 1943β1954, stepping up to 67 for anyone born in 1960 or later.
- Enter your estimated monthly benefit at Full Retirement Age. This is your Primary Insurance Amount (PIA) β find it on your personalized statement at ssa.gov/myaccount. If you do not have it yet, the default is close to the current average retired-worker benefit.
- Review the claiming comparison: the calculator applies the exact SSA reduction and delayed-credit rules to show your monthly and annual benefit at 62, at your FRA, and at 70.
- Add your current retirement savings, monthly contribution, expected return, and target retirement age to project your personal nest egg alongside Social Security β the two together are your retirement income picture.
- Use the Full Retirement Age table to confirm your FRA, then explore the deeper tools linked below for 401(k), FIRE, and full retirement-readiness planning.
β Frequently Asked Questions
What is the retirement age in the US in 2026?
There is no mandatory retirement age in the US β you can keep working as long as you like. What matters for Social Security is your Full Retirement Age (FRA), which is set by your birth year: 66 for people born 1943β1954, rising in two-month steps to 67 for anyone born in 1960 or later. You can start Social Security as early as 62 (with a permanent reduction) or delay to 70 (with a permanent increase). The earliest age to draw a 401(k) or IRA without the 10% early-withdrawal penalty is generally 59Β½.
What is my full retirement age?
Your Full Retirement Age (FRA) is the age at which you receive 100% of your Social Security benefit. It depends only on your birth year: 66 if you were born 1943β1954; 66 and 2 months (1955) up to 66 and 10 months (1959) for the transition years; and 67 for anyone born in 1960 or later. Enter your birth year above and the calculator shows your exact FRA and the benefit at 62, FRA, and 70.
Can I retire at 62?
Yes β 62 is the earliest age you can claim Social Security. But claiming at 62 permanently reduces your monthly benefit: about 30% below your full amount if your FRA is 67, or 25% if your FRA is 66. The reduction is 5/9 of 1% per month for the first 36 months before FRA and 5/12 of 1% per month beyond that. Claiming early makes sense for some (shorter life expectancy, an immediate income need, or letting a higher-earning spouse delay); delaying rewards longevity. The calculator shows both so you can compare.
How much Social Security will I get?
Your benefit is based on your 35 highest-earning years, indexed for wage growth. The Social Security Administration calculates a figure called your Primary Insurance Amount (PIA) β the monthly benefit at your Full Retirement Age. The most reliable way to get it is your personalized statement at ssa.gov/myaccount. Enter that estimated FRA benefit above and this calculator applies the exact SSA claiming adjustments to show what you would receive at 62, at FRA, and at 70.
Is it better to claim Social Security at 62, 67, or 70?
Delaying raises the monthly benefit by roughly 8% per year of delay between FRA and 70, and lowers it for claiming before FRA β these adjustments are designed to be roughly break-even for average life expectancy. Delaying to 70 tends to win if you expect to live into your mid-80s or beyond, want the largest possible inflation-indexed income, or want to maximize a survivor benefit for a spouse. Claiming earlier can be right if you need the income, have health concerns, or want to preserve invested assets. This is educational information, not advice.
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