What is the eligibility requirement for Social Security retirement benefits?

The eligibility requirement for Social Security retirement benefits centers on having earned a minimum of 40 credits during a worker's lifetime. In the Social Security system, credits are earned based on the worker's wages and work history; generally, a worker can earn a maximum of four credits per year. Achieving the required 40 credits translates to approximately 10 years of work in jobs covered by Social Security, which is crucial for accessing retirement benefits. This foundational aspect ensures that the system supports individuals who have contributed consistently over their working lives.

Other requirements such as needing to be employed for at least 15 years, having a specific annual income, or applying before a certain age do not establish eligibility for retirement benefits. While income may influence the amount of benefits received, it does not determine eligibility. Likewise, while there are age considerations regarding when one can begin to take benefits, individuals are not required to apply before turning 60 to qualify for Social Security retirement benefits. Thus, the foundational requirement of earning 40 credits is essential for establishing eligibility.