See how we use earnings to compute a retirement benefit amount. The initial benefit amounts shown in the table below assume retirement in January of the stated year, with maximum-taxable earnings since age 22. Benefits in 2025 reflect subsequent automatic benefit increases (if any).

To find out how much your benefit will be reduced if you begin receiving benefits from age 62 up to your full retirement age, use the chart below and select your year of birth. This example is based on an estimated monthly benefit of $1000 at full retirement age.

Jan 2, 2025 · The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2025, your maximum benefit would be $4,018. However, if you retire at age 62 in 2025, your maximum benefit would be $2,831. If you retire at age 70 in 2025, your maximum benefit would be $5,108.

Listed below are the maximum taxable earnings for Social Security by year from 1937 to the present.

Sep 24, 2024 · In 2024, the average Social Security benefit is $1,862 per month, while the maximum for those retiring at full retirement age is $3,822. Achieving the maximum requires earning the taxable...

Dec 21, 2024 · For 2024, anyone earning $168,600 or more paid the exact same amount of Social Security taxes. The limit for 2025 is $176,100. Earning above the taxable limit for 35 years will put you in line...

Aug 13, 2024 · The maximum monthly benefit you can earn from Social Security in 2024 is $4,873. Your Social Security benefit will be based on your highest income earning years and the age at which you take benefits.

Oct 12, 2024 · For 2025, the earnings limit will be $176,100. Here are the earnings limits from the previous 50 years. Data source: Social Security Administration. But even if you earn above those limits for...

In 2024, a person's taxable income cannot exceed $168,600. The maximum benefit varies each year due to the annual adjustment based on changes in the national wage level. The current maximum monthly benefit is $3,822 for someone who files at full retirement age (FRA) of 66.

Oct 10, 2018 · What is the maximum Social Security benefit? The most an individual who files a claim for Social Security retirement benefits in 2025 can receive per month is: $2,831 for someone who starts benefits when they turn 62.