In U.S. personal finance, the full retirement age for people born in 1960 or later is 67.
Full retirement age is the age at which a person can receive unreduced Social Security retirement benefits based on their earnings record. The applicable age is determined by birth year: it rises gradually from 65 for earlier birth years and reaches 67 for people born in 1960 or later.
A person may claim retirement benefits as early as age 62, but claiming before full retirement age generally reduces the monthly benefit. Delaying a claim beyond full retirement age can increase monthly benefits until age 70, subject to Social Security rules.
Full retirement age is not the same as the age when someone must stop working, and it is not necessarily the same as Medicare eligibility. Benefit decisions can depend on work history, health, family circumstances, and expected longevity.