New Social Security Payments 2024. If you retire at 62, your maximum benefit will be $2,710 and if you retire at full retirement age in 2024 your maximum benefit is $3,822, the ssa says. On average, social security retirement benefits will increase by more than $50 per month starting in.

As a backlog of payment actions affecting social security beneficiaries continues to mount, so does a rise in the agency’s improper payments. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.