Senior citizens in the United States can start collecting Social Security retirement benefits at age 62, but to receive the maximum monthly payment, they must wait longer—until reaching full retirement age (FRA). The Social Security Administration (SSA) determines FRA based on the year of birth, and for many, that means waiting until age 66 or 67.
In this article, we’ll explore the latest updates to the FRA structure, highlight who the last group of seniors with an FRA of 66 are, and explain how claiming early impacts benefit amounts. You’ll also find a summary table, benefit amount examples, and the latest data from SSA—all structured for clear understanding and SEO optimization.
Understanding Full Retirement Age (FRA)
Your full retirement age is the age at which you’re entitled to receive 100% of your Social Security retirement benefit. While benefits can begin at age 62, claiming early results in permanent reductions.
Under laws enacted by Congress in the 1980s, the SSA gradually increased the FRA to account for rising life expectancy and economic sustainability.
Who Still Has a Full Retirement Age of 66?
The last Americans eligible for an FRA below 67 are those born in 1959. Here’s the breakdown:
- Born in 1954 or earlier: FRA is 66
- Born in 1955–1959: FRA increases by 2 months per year
- Born in 1960 or later: FRA is 67
If you were born in 1959, your FRA is 66 years and 10 months, and you will reach it by November 2025. From January 2027 onward, only those with an FRA of 67 will begin to qualify—except those born on January 1, 1960, who are considered 1959 births by SSA and follow the earlier timeline.
FRA Progression Table (by Birth Year)
| Year of Birth | Full Retirement Age (FRA) |
|---|---|
| 1943–1954 | 66 years |
| 1955 | 66 years and 2 months |
| 1956 | 66 years and 4 months |
| 1957 | 66 years and 6 months |
| 1958 | 66 years and 8 months |
| 1959 | 66 years and 10 months |
| 1960 and later | 67 years |
Impact of Claiming Benefits at Age 62
Although Americans can claim retirement benefits as early as age 62, doing so comes with a significant trade-off. Your monthly payment is permanently reduced.
In 2025, the maximum monthly payment at age 62 is $2,831. For example, individuals born in 1963—who have an FRA of 67—will receive 30% less per month by claiming at 62 compared to waiting for full benefits.
Additionally, if you continue working before reaching FRA, your Social Security benefits may be temporarily reduced depending on your earnings.
Once FRA is reached, you can work without affecting your monthly benefits. The SSA offers an online tool to help calculate your earnings limit if you plan to work before full retirement.
What’s the Maximum Social Security Benefit in 2025?
The maximum possible monthly Social Security benefit in 2025 is $5,108, but very few people qualify. To receive this amount, you must:
- Have earned the maximum taxable income over a 35-year work period
- Delay claiming benefits until age 70 or later
Most retirees won’t receive this amount. The average monthly benefit for retirees, based on the SSA’s July 2025 report, is $2,005.05.
For Americans planning their retirement strategy, understanding the timing of benefit claims is critical. While it’s tempting to start receiving Social Security benefits at 62, doing so results in reduced monthly payments for life.
Those born in 1959 are the last to enjoy an FRA below 67, making November 2025 a milestone month for many retirees.
Waiting until full retirement age—or even age 70—can unlock significantly higher benefits, especially for those aiming to maximize monthly income in their senior years.
FAQs
What happens if I claim Social Security before full retirement age?
Claiming early results in a permanent reduction—up to 30% less if you claim at 62 with an FRA of 67.
Who qualifies for the maximum benefit of $5,108 per month?
Only those who have maxed out earnings for 35 years and delay claiming until age 70.
Can I still work and receive Social Security benefits?
Yes, but if you’re under FRA, benefits may be reduced if your earnings exceed the annual limit. After FRA, there’s no penalty.