For decades, the traditional retirement age of 65 was considered the milestone for Americans to stop working and begin collecting benefits. However, starting in 2026, that long-standing idea will officially change.
The Full Retirement Age (FRA)—the age at which retirees can claim 100% of their Social Security benefits—will see a new increase.
Why the Change Is Happening
This shift comes from 1983 legislative reforms, designed to respond to demographic realities and rising life expectancy. Over the years, the ratio of workers to retirees has declined significantly:
- In 1950: 16.5 workers per retiree
- By 1985: 3.3 workers per retiree
- In 2013: about 2.8 workers per retiree
This shrinking ratio has placed greater pressure on the Social Security system. Without changes, the Social Security trust fund is projected to face insolvency within the next decade. Policymakers continue to debate possible fixes to avoid automatic benefit reductions.
What Will the New Full Retirement Age Be?
Beginning January 1, 2026, the FRA will increase to 67 for anyone born in 1960 or later. This means individuals in this age group must wait until 67 to claim their full Social Security benefits.
Timeline of Retirement Age Changes
Here is the updated schedule showing the year of birth and the corresponding age required for full benefits:
| Year of Birth | Full Retirement Age for 100% Benefits |
|---|---|
| 1943 – 1954 | 66 years |
| 1955 | 66 years + 2 months |
| 1956 | 66 years + 4 months |
| 1957 | 66 years + 6 months |
| 1958 | 66 years + 8 months |
| 1959 | 66 years + 10 months |
| 1960 or later | 67 years (effective Jan 1, 2026) |
When Is the Next Social Security Payment?
The next Social Security payment is scheduled for Wednesday, September 24, 2025. On this date, individuals with birthdays between the 21st and 31st of any month will receive their monthly benefit.
The increase in the Full Retirement Age marks a significant change for future retirees. While designed to ensure long-term sustainability of the program, it also highlights the broader financial challenges facing Social Security.
Those born in 1960 or later must plan carefully, knowing they will need to reach 67 years old to collect their full benefits. Staying informed about these changes is essential for anyone planning their retirement strategy.
FAQs
Why is the Full Retirement Age increasing to 67?
The change reflects longer life expectancies and fewer workers supporting each retiree, placing pressure on Social Security finances.
Does this mean I cannot claim Social Security before 67?
You can still claim early retirement at 62, but your monthly benefit will be permanently reduced compared to waiting until the FRA.
Who will be directly impacted by the new rule in 2026?
Anyone born in 1960 or later will have to wait until age 67 to receive 100% of their Social Security benefits.