Currently, the full benefit age is 66 for people born in 1943-1954, and it will gradually rise to 67 for those born in 1960 or later. Early retirement benefits will continue to be available at age 62, but they will be reduced more.ost people claim Social Security before they reach the age for full benefits. Of people who started getting retired worker benefits in 2011, three out of four (74 percent) received benefits that are reduced for early retirement.