Max Social Security Benefit 2024
The maximum Social Security benefit in 2024 depends on the age at which you claim benefits:
1. Age 70: The absolute maximum benefit is $4,873 per month. This is for individuals who delay claiming benefits until age 70.
2. Full Retirement Age (FRA): The maximum benefit for someone claiming at their FRA (either 66 or 67 depending on birth year) is $3,822 per month.
3. Age 62: The maximum benefit for someone claiming at age 62 is lower due to the early claiming reduction.
Most people do not receive the maximum benefit. To qualify for the highest amount, you need to have earned the maximum taxable amount for at least 35 years and delay claiming benefits until age 70.
When you’re ready to apply for retirement benefits, use our online retirement application, the quickest, easiest, and most convenient way to apply.
How do I apply for Social Security retirement benefits?
You can apply for retirement benefits up to 4 months before you want to start receiving your benefits. Even if you are not ready to retire, you still should sign up for Medicare 3 months before your 65th birthday.
The easiest and most convenient way to apply for retirement benefits is by using our online application. You will need to create or log in to your personal my Social Security account. If we are not able to process your request, you will receive specific information on how to contact us by phone or schedule an appointment.
You can also apply by calling us at 1-800-772-1213 (TTY 1-800-325-0778), Monday through Friday from 8:00 a.m. to 7:00 p.m. local time or visiting your local Social Security office. (Call first to make an appointment.)
How do I earn Social Security credits and how many do I need to be eligible for benefits?
The total yearly earnings will be calculated for your Social Security credits. The amount needed for a credit in 2024 is $1,730. You can earn up to a maximum of 4 credits per year. The amount needed to earn 1 credit automatically increases each year when average wages increase.
You must earn a certain number of credits to be eligible for Social Security benefits. The number of credits you need depends on your age when you apply and the type of benefit you are applying for. No one needs more than 40 credits for any Social Security benefit.
