Social Security Full Retirement Age to Increase in 2025

The full retirement age for those born in 1959 will rise to 66 years and 10 months, with other adjustments also taking effect next year.

Starting in 2025, individuals born in 1959 will need to wait until 66 years and 10 months to claim full Social Security benefits, reflecting gradual increases enacted in 1983.
The full retirement age will settle at 67 for those born in 1960 or later, while the minimum age to claim benefits remains 62, though early claims result in permanent reductions of up to 30%.
Delaying benefits beyond the full retirement age can yield up to an 8% annual increase in monthly payouts until age 70, when maximum benefits are available.
The 2025 cost-of-living adjustment (COLA) for Social Security benefits will be 2.5%, the smallest increase since 2021, as inflation has eased compared to recent years.
Workers will pay Social Security taxes on earnings up to $176,100 in 2025, an increase from the previous cap of $168,000, reflecting adjustments to taxable income thresholds.