Ringo Starr is the last of The Beatles receive the musical honor.
Paul McCartney will usher in the 74-year-old at the 30th annual ceremony at The Rock and Roll Hall of Fame and Museum next month.
The Beatles are already in the hall as a group, as are John Lennon, Paul McCartney and George Harrison as solo artists.
Other inductees will include Green Day, Lou Reed and Bill Withers.
Speaking to Rolling Stone magazine, Ringo Starr said it meant “recognition” of his work.
He added: “And it means, finally, the four of us are in the Rock and Roll Hall of Fame even though we were the biggest pop group in the land.”
Eagle Joe Walsh will perform some of Ringo Starr’s music, while Bill Withers’ music will be performed by John Legend.
It is not known if Bill Withers, who quit the music business more than 30 years ago, will sing himself.
Patti Smith will induct Lou Reed, who died in 2013, while Beck will perform the Velvet Underground singer’s music.
Joan Jett, the late Stevie Ray Vaughan, Paul Butterfield Blues Band, and the “5” Royales will also be elevated to the elite musical club at the Cleveland ceremony.
Artists become eligible to enter the Hall of Fame 25 years after their first release.
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