Delayed Retirement | Born between 1943 and 1954 | SSA

If you start receiving benefits at age 66 you get 100 percent of your monthly benefit. If you delay receiving retirement benefits until after your full retirement age, your monthly benefit continues to increase.

The chart below explains how delayed retirement affects your benefit. The increase is based on your date of birth and the number of months you delay the start of your retirement benefits. If you start receiving retirement benefits at age:

• 67, you’ll get 108 percent of the monthly benefit because you delayed getting benefits for 12 months.
• 70, you’ll get 132 percent of the monthly benefit because you delayed getting benefits for 48 months.

When you reach age 70, your monthly benefit stops increasing even if you continue to delay taking benefits.

If you decide to delay your retirement, be sure to sign up for Medicare at age 65.

In some circumstances, medical insurance costs more if you delay applying for it.

How Delayed Retirement Affects Your Social Security Benefits

If you start getting benefits at age *
Multiply your Full Retirement Benefit by

66
100%

66 + 1 month
100.7%

66 + 2 months
101.3%

66 + 3 months
102.0%

66 + 4 months
102.7%

66 + 5 months
103.3%

66 + 6 months
104.0%

66 + 7 months
104.7%

66 + 8 months
105.3%

66 + 9 months
106.0%

66 + 10 months
106.7%

66 + 11 months
107.3%

67
108.0%

67 + 1 month
108.7%

67 + 2 months
109.3%

67 + 3 months
110.0%

67 + 4 months
110.7%

67 + 5 months
111.3%

67 + 6 months
112.0%

67 + 7 months
112.7%

67 + 8 months
113.3%

67 + 9 months
114.0%

67 + 10 months
114.7%

67 + 11 months
115.3%

68
116.0%

68 + 1 month
116.7%

68 + 2 months
117.3%

68 + 3 months
118.0%

68 + 4 months
118.7%

68 + 5 months
119.3%

68 + 6 months
120.0%

68 + 7 months
120.7%

68 + 8 months
121.3%

68 + 9 months
122.0%

68 + 10 months
122.7%

68 + 11 months
123.3%

69
124.0%

69 + 1 month
124.7%

69 + 2 months
125.3%

69 + 3 months
126.0%

69 + 4 months
126.7%

69 + 5 months
127.3%

69 + 6 months
128.0%

69 + 7 months
128.7%

69 + 8 months
129.3%

69 + 9 months
130.0%

69 + 10 months
130.7%

69 + 11 months
131.3%

70 or later
132.0%

* If your birthday is on the 1st of the month, we figure your benefit as if your birthday were in the previous month.