If you were born on May 24th 1969 then 2009 marks your 40th birthday.
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Until your birthday in 2010, you are (were) 40. On your birthday in May of 2010, you will (did) turn 41.
Today, the 23rd of February 2013, a person born in May 1969 would be 43. They will be 44 on their birthday in May 2013.
If you are 54 years old in 2023, you were likely born in 1969. However, if your birthday has not yet occurred this year, you would have been born in 1968.
1969
Age Now = Year Now - Year of Birth (if the person has had their birthday this year, and one less if they have not).