You receive the highest benefit payable on your own record if you start collecting social security at age 70. As of 2023, the maximum social security retirement benefit for someone at full retirement age (currently 67 for those born in 1960 or later) is $3,930 per month.
However, if you retire at age 62 in 2024, your maximum benefit. The maximum $4,873 monthly benefit in 2024 is only paid to individuals who wait until age 70 to retire.
/ Updated February 23, 2024.
The 2024 cola adjustment raises the total average benefit to $1,907 per month for individual retirees and to $3,033 per.
Benefits In 2024 Reflect Subsequent.
For example, if you retire at full retirement age in 2024, your maximum benefit would be $3,822.
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However, To Receive $4,873 A.
The highest benefit for those who qualify and delay.
For Example, If You Retire At Full Retirement Age In 2024, Your Maximum Benefit Would Be $3,822.
Social security retirement benefits explained sams/hockaday & associates, for example, if you retire at full retirement age in 2024, your maximum benefit would be $3,822.