diff --git a/lib/view_component/deprecation.rb b/lib/view_component/deprecation.rb
index e908158327..5a33df65d9 100644
--- a/lib/view_component/deprecation.rb
+++ b/lib/view_component/deprecation.rb
@@ -3,5 +3,6 @@
 require "active_support/deprecation"
 
 module ViewComponent
-  Deprecation = ActiveSupport::Deprecation.new("3.0", "ViewComponent")
+  DEPRECATION_HORIZON = 3
+  Deprecation = ActiveSupport::Deprecation.new(DEPRECATION_HORIZON.to_s, "ViewComponent")
 end
diff --git a/script/release b/script/release
index a854d53fb1..9ae555a7fc 100755
--- a/script/release
+++ b/script/release
@@ -46,6 +46,12 @@ update_ruby_version() {
       -e "s/MINOR = [0-9]+/MINOR = $2/g" \
       -e "s/PATCH = [0-9]+/PATCH = $3/g" \
       lib/view_component/version.rb
+
+  # Update deprecation horizon version
+  major=$1
+  sed -E -i '' \
+      -e "s/DEPRECATION_HORIZON = [0-9]+/DEPRECATION_HORIZON = $((major + 1))/g" \
+      lib/view_component/deprecation.rb
 }
 
 update_gemfiles() {