Social Security Max 2024 Contribution Over 60

Social Security Max 2024 Contribution Over 60. Over the last decade the cola increase has averaged about 2.6 percent. The maximum benefit depends on the age you retire.

That means the average monthly social security check for retirees will increase from $1,920.48 (as of august) to roughly $1,968.50, or $23,622 annually. The 2024 limit is $168,600, up from $160,200 in 2023.