Senior members of Obama's staff will toast the president in the Blue Room of the White House Thursday afternoon.
At night, he'll celebrate with family and friends, including some coming in from his hometown of Chicago, then cap the festivities with a weekend trip to Camp David, the presidential retreat in Maryland.
An administration official said the Obamas will pay for the president's birthday party at the White House.
The president spent his birthday eve in the Windy City attending two private fundraisers for his 2012 re-election campaign.
Now that the debt ceiling crisis is behind him, the president told those gathered that he's turning his focus back to job creation and plans to take a three-day bus tour later this month to talk about his ideas.
The Associated Press contributed to this report.