Retirement Age – Born in 1962

Last updated on July 25th, 2017

What is my retirement age if I was born in 1962?

If you were born in 1962, whether you are a man or a woman, you are one of the first batch of people to have their retirement age (at least the age at which you can receive your state pension benefits) increased beyond the equalised retirement age of 65.

Pension ages increase quite quickly for those born in the 50s and 60s and for those born in 1962 your retirement age has been set at age 67. So anyone who was born in 1962 will be collecting their state pension in 2029.

This is not likely to change any further (apart from a slim possibility of a labour government decreasing it to age 66), so you should plan for this to be your retirement date.

If you were born earlier than 1962 then you need to use our retirement age calculator to work out your retirement age or date.

Retirement ages have been calculated based on the proviso that people will spend on average around one-third of their adult working lives in retirement and this is whey they have been increased in line with the rise in life expectancy.

If you are wondering how much state pension you can expect to receive then you can request a forecast from the government. Check out this page for further information on applying for a forecast. How much you get may depend on how many years you have paid National Insurance for as well as other factors.