If you are eligible to receive Social Security benefits, you can begin collecting reduced benefits as early as age sixty-two.  As you can see from the chart below, however, most people (all 78 million baby boomers included), will need to be on the downhill slide to seventy before becoming eligible for full benefits.

 

Year of Birth Full Retirement Age
1937 or earlier 65
1938 65 and 2 months
1939 65 and 4 months
1940 65 and 6 months
1941 65 and 8 months
1942 65 and 10 months
1943-1954 66
1955 66 and 2 months
1956 66 and 4 months
1957 66 and 6 months
1958 66 and 8 months
1959 66 and 10 months
1960 or later 67
*Source: Social Security Administration
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