Maximum Monthly Social Security Benefit 2024 Amount

Maximum Monthly Social Security Benefit 2024 Amount. However, if you retire at age 62 in 2024, your maximum benefit would be $2,710. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

The latest projections estimate the 2025 cola coming in at around 2.63%, according to the senior citizens league. The absolute maximum monthly benefit you can earn from social security in 2021 is $3,7895.