67 is the full retirement age for Social Security for anyone born in 1960 or later, so it's when you get your full, unreduced benefit. Medicare has already started at 65. Enter your savings below to see if you can retire at 67.
Why 67 works well for many people
- Full Social Security. No early-claiming reduction, and no earnings limit if you keep working part time.
- Medicare is in place. You’ve been eligible since 65.
- Your savings need to last less long. A retirement starting at 67 is typically 20 to 30 years.
Retire at 67, claim at 70?
If your savings allow it, living on them from 67 to 70 and then claiming gets you a check 24% bigger for life. Set your Social Security start age to 70 under Advanced options, and increase the benefit amount by 24%. The calculator adds the gap years to your target, so you can see whether it fits.
Not on track yet?
At 50 you still have 17 years of saving and growth ahead. Try adding $100 or $200 a month in the calculator. The “Ways to retire sooner” box shows how much each change helps.
Frequently asked questions
Is 67 full retirement age?
Yes, for anyone born in 1960 or later. If you were born earlier, your full retirement age is between 66 and 66 and 10 months, depending on your birth year.
How much do I need to retire at 67?
Using the 4% rule, about 25 times the yearly income your savings must provide after Social Security. For $50,000 a year with $2,000/month from Social Security, that's roughly $650,000 in today's dollars.
Should I wait until 70 to claim Social Security?
Each year you wait past 67 adds 8% to your benefit, up to 124% of your full benefit at 70. If you're healthy and can cover the gap from savings, waiting gives you a bigger check for life. See our guide to Social Security at 62 vs. 67.
Can I work and collect Social Security at 67?
Yes. Once you reach full retirement age, Social Security no longer holds back benefits because of your earnings, no matter how much you make.
When do I have to start taking money from my 401(k) or IRA?
Required minimum distributions (RMDs) from traditional 401(k)s and IRAs start at age 73, or 75 for anyone born in 1960 or later. You can start withdrawals earlier, and at 67 there's no penalty.