In 2025, the Social Security full retirement age rises to 67 for those born in 1960 or later. This change impacts benefits and retirement planning.

However, those born in 1960 or later will have a full retirement age (FRA) of exactly 67 years. This change affects how much you will receive in Social Security benefits and when

As of May 2025, over 55 million people receive Social Security retirement benefits, with most relying on them for most or all of their retirement income. The amount of these benefits varies, but having a gist of average benefits at certain ages can help you set expectations and begin planning your budget accordingly.