The maximum $4,873 monthly benefit in 2024 is only paid to individuals who wait until age 70 to retire. If you retire at age 70 in 2024, your maximum benefit would be $4,873.
The estimated average social security benefit for retired workers in 2024 is $1,907 per month. The current maximum monthly benefit is $3,822 for someone who files at full retirement age (fra) of 66.
The Highest Social Security Retirement Benefit For An Individual Starting Benefits In 2024 Is $4,873 Per Month, According To The Social Security Administration.
If you want to claim social security at 62 instead, which is the earliest allowable age, the maximum social security benefit drops to $2,710.
The Absolute Maximum Social Security Benefit In 2024 Is $4,873 Monthly, More Than Double The Estimated Average Of $1,907 Retirees Receive Across The Nation As Of January.
If you earn enough to qualify for the maximum possible social security benefit, it still matters when you claim.
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For 2024, The Contribution And Benefit Base Is $168,600.
Social security benefits aren't just for retirement!
The Highest Benefit For Those Who Qualify And Delay.
If you retire at age 70 in 2024, your maximum benefit would be $4,873.