My answer's the same as Bera's and Phils. It usually means 'You're getting old".
I've never hear it worded this way where I am, though. It's usually said as a statement, not a question. ie "You're getting on a bit". as if to say, "You're getting on in years"/"You're getting old". Sometimes it's said as a mild joke to say you're *looking* old these days. You do have to be careful how you say it, as it could be misinterpreted as a criticism/mild insult as if to say that time is not treating you kindly.