At what age do US citizens retire
In the United States, the age at which citizens can retire and receive Social Security benefits varies depending on when they were born:
- Full Retirement Age (FRA):
- For those born before 1938, the full retirement age is 65.
- For those born between 1938 and 1959, the full retirement age gradually increases from 65 to 67.
- For those born in 1960 or later, the full retirement age is 67.
- Early Retirement:
- U.S. citizens can begin receiving reduced Social Security retirement benefits as early as age 62, but their benefits will be permanently reduced compared to waiting until full retirement age.
- Delayed Retirement:
- If citizens delay retirement beyond their full retirement age (up to age 70), they can increase their Social Security benefits.
Many people choose to retire based on their personal financial situation, health, and other factors, not just their eligibility for Social Security.