Social Security Max 2024 Payout Per Year

Social Security Max 2024 Payout Per Year. The most an individual who files a claim for social security retirement benefits in 2024 can receive per month is: But retirees who receive the maximum social security payout will see much higher earnings, with their monthly checks jumping to $4,873 in 2024, according to the agency.

In fact, 37% of men and 42% of women rely on their checks for at least half of their retirement income, according to 2024 data from the social security administration. The wage base or earnings limit for the 6.2% social security tax rises every year.