Then press Submit. In 1983, Congress passed a law to gradually raise the age because people are living longer and are generally healthier in older age. When the Social Security Act was signed into law in 1935, the retirement age was 65. You can find your full retirement age by choosing your birth year in the calculator below, or by using our retirement age chart. Should I upgrade to a more fuel efficient vehicle? What is my projected required minimum distributions? If you cannot use the Retirement Estimator or you want a survivors or disability benefit estimate, please use one of our other benefit calculators. Should I pay discount points for a lower interest rate? What are my tax savings with Section 179 deduction. Select the year of your birth from the dropdown menu, Select ‘next’ until you find the month of your birth, then select your birthday. Note: When the calculator first appears, by default it shows the result for 1st January 1960. Should I itemize or take the standard deduction? Compare taxable vs. tax-free investment return. Just how much your benefit will be reduced depends on your precise age when you claim Social Security early. Should I consolidate my personal debt into a new loan? Find out your full retirement age, which is when you become eligible for unreduced Social Security retirement benefits. All conditions of release explained, Guide to transition-to-retirement pensions (TTRs or TRISs). Can I return to work after I access my super? If you have a budget for development and licensing, I can support a request for a version of the calculator for your website. Please keep in mind that these are just estimates. Use this calculator to determine when/if the money will run out during retirement and it will recommend additional savings if required. ROI during retirement — your rate of return on your investments after you retire. Help with Retirement Age Calculator. Learn more about accessing super in the following SuperGuide articles: Learn more about retirement calculators and reckoners in the following SuperGuide articles: Learn more about retiring in the following SuperGuide articles: Learn more about the Age Pension in the following SuperGuide articles: IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. What are the tax advantages of an annuity? Compare taxable, tax-deferred, and tax-free investment growth. The estimated and actual amounts may differ due to: You can use the Retirement Estimator if you have enough Social Security credits to qualify for benefits and you are not: If you are currently receiving only Medicare benefits, you can still get an estimate. Enter your date of birth into the three fields provided. Retirement lasts how many years — Your retirement age will be calculated based on the number of year you plan to fund your retirement from investments. What is the value of a call or put option? to update the URL. Try our free 7-day email series on planning your retirement, including how much super you’ll need, when you can retire and a quiz to test what you’ve learned. If you turned JavaScript off in your browser, you will not receive these warnings. I'm retired, how long will my savings last? ... 67 years old is the age at which you can retire with full benefits. Therefore, the corpus is determined by a retirement calculator by age. How to use the Retirement age calculator. Learn More{{/message}}. If you need information about how to move around in the Retirement Estimator, please read ", Pension Based on Work Not Covered By Social Security, Retirement Information For Medicare Beneficiaries. How long will it take to pay off my credit card(s)? To help out we’ve built a Retirement age calculator. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. Save my name, email, and website in this browser for the next time I comment. Again, the delayed retirement credits accrue monthly, not annually, so every month you wait beyond age 67 will net you a slightly bigger monthly check from Social Security.