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Retirement Age by State: A Comprehensive Overview

Retirement Age by State: A Comprehensive Overview

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Retirement may be a far cry away for the majority of Americans – but it's something that may still be on the forefront of everyone's minds as they continue to save for when that day comes.  

The retirement age will depend on when people "are entitled to 100 percent of your Social Security benefits which are determined by your lifetime earnings," according to AARP. 

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According to the organization, if someone was born between 1943 and 1954, their "full retirement age" is 66 based on benefits earned from working and spousal benefits. Comparatively, for those born in 1960 and after, it is 67. 

However, a new report by GoBankingRates, suggests that the retirement age may also waiver depending on the state you live in. And in most states, people are leaving the workforce before 67 years old. 

Retirement Age by State: A Comprehensive Overview

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If Americans hold off and retire after their full retirement age, they can increase their benefits, AARP said. 

"Each month you put off filing up to age 70 earns you delayed retirement credits that boost your eventual benefit," the organization said. 

Unfortunately, the coronavirus pandemic and subsequent economic downturn forced droves of older Americans into retirement with "long-term financial insecurity because of lower-than-anticipated savings and payouts from pensions, Social Security and other sources," AARP said. 

Here is the breakdown by state according to data analyzed by GoBankingRates: 

  • Alabama: 62
  • Alaska: 61
  • Arizona: 63
  • Arkansas: 62
  • California: 64
  • Colorado: 65
  • Connecticut: 65
  • Delaware: 63
  • District of Columbia: 67
  • Florida: 64

  • Georgia: 63
  • Hawaii: 66
  • Idaho: 64
  • Illinois: 64
  • Indiana: 63
  • Iowa: 65
  • Kansas: 65
  • Kentucky: 62
  • Louisiana: 62
  • Maine: 63
  • Maryland: 65
  • Massachusetts: 66
  • Michigan: 62
  • Minnesota: 65
  • Mississippi: 63
  • Missouri: 63
  • Montana: 64
  • Nebraska: 65
  • Nevada: 63
  • New Hampshire: 65
  • New Jersey: 65
  • New Mexico: 62
  • New York: 64
  • North Carolina: 63
  • North Dakota: 65
  • Ohio: 63

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    • Oklahoma: 62
    • Oregon: 63
    • Pennsylvania: 64
    • Rhode Island: 65
    • South Carolina: 63
    • South Dakota: 66
    • Tennessee: 64
    • Texas: 65
    • Utah: 65
    • Vermont: 65
    • Virginia: 65
    • Washington: 64
    • West Virginia: 61
    • Wisconsin: 64
    • Wyoming: 64

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