Can I retire after 20 years on the railroad?

U.S. Railroad Retirement Board While railroad employees with less than 30 years of service may retire at age 62, their railroad retirement benefits are subject to early retirement (“age”) reductions if they retire before attaining their full retirement age.



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The average age annuity being paid by the Railroad Retirement Board (RRB) at the end of fiscal year 2022 to career rail employees was $4,020 a month, and for all retired rail employees the average was $3,210. The average age retirement benefit being paid under social security was approximately $1,650 a month.

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What were the study's findings on the life expectancy of retired male railroaders? The most recent data reflected a continued improvement in longevity. Using data through 2016, the study indicated that, on the average, a male railroader retiring at age 60 can be expected to live another 22.5 years, or 270 months.

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The railroad retirement system also provides, under certain conditions, a residual lump-sum death benefit which ensures that a railroad family receives at least as much in benefits as the employee paid in railroad retirement taxes before 1975.

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