As of January 1, 2026, the retirement age will rise again and will affect all workers who decide to retire in an ordinary manner. Thus, the ordinary age would rise again by two months, reaching 66 years and 10 months. This will not affect workers with long contributions careers, who will be able to retire at age 65, as long as they have 38 years and 3 months of contributions.
This is so, since this is regulated by Law 27/2011, which is the rule that regulates both the retirement age and the method for calculating the amount of the pension. Before 2013, the age was set for everyone at 65 years, but with Law 27/2011 this changed and two retirement ages were set. One would be delayed each year until reaching 67 years of age in 2027 and the other, at 65 years of age, but with the condition of having a minimum number of years of contributions, which would increase each year until reaching 38 years and six months in 2027.
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In this case, for 2026 the ordinary retirement age will be 66 years and 10 months, unless there is a minimum of 38 years and 3 months of contributions, in which case the age will be 65 years. In 2027, it will rise again and it will take 38 years and 6 months to be able to continue retiring at age 65, since otherwise the age will be set at 67 years, the age at which this reform will be completed.
Now, we must take into account this is for the age at which we can retire, not the pension to which we are entitled. For 2026, there is a change that, although it does not come in Law 27/2011, does come in the reform under Royal Decree 2/2023, which establishes a dual method for calculating the pension. Even so, with 36 years and six months of contributions you will be entitled to the full pension or 100% of the regulatory base (which is the result of adding the 300 contribution bases and dividing them by 350).
Table with the age at which you can retire with 100% of the pension according to your year of birth
Knowing how the regulations governing Social Security work, it is possible to determine, based on our year of birth and contributions, at what age we can retire, as shown in this table:
| Year of birth | Approx. date ordinary retirement | Legal retirement age | Years of contributions to collect 100% | Years of contributions required to retire at 65 | Pension calculation period (Regulatory Base) |
|---|---|---|---|---|---|
| 1959 | 2025 / 2026 | 66 years and 8 months | 36 years and 6 months | 38 years and 3 months | 25 years |
| 1960 | 2026 / 2027 | 66 years and 10 months | 36 years and 6 months | 38 years and 3 months | 25 years |
| 1961 | 2028 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1962 | 2029 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1963 | 2030 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1964 | 2031 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1965 | 2032 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1966 | 2033 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1967 | 2034 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1968 | 2035 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1969 | 2036 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1970 | 2037 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1971 | 2038 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1972 | 2039 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1973 | 2040 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1974 | 2041 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1975 | 2042 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1976 | 2043 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1977 | 2044 | 67 years | 37 years | 38 years and 6 months | 25 years |
| 1978 | 2045 | 67 years | 37 years | 38 years and 6 months | 25 years |
For those born after 1961 (including those born in 1978 and later years), the required years and retirement age do not continue to increase, but rather remain stable in the requirements set as of 2027, that is, 67 years of age or 65 years if you have 38 years and 6 months of contributions.
Now, it must be remembered that the regulations allow advancing the age to access early retirement. In this case, the voluntary option allows you to advance a maximum of 24 months (2 years) and 48 months (4 years) in the involuntary option (due to termination not attributable to the worker), but knowing that it will not be possible to collect 100%, since reducing coefficients will be applied.
This is so since, according to article 161 bis of the General Social Security Law (modified by article 5 of Law 27/2011), the advance will entail the application of reducing coefficients. These quarterly penalties vary depending on the months advanced and the total number of years contributed.