Social Security Benefit Amount 2024 Chart. We illustrate the calculation of retirement benefits using two examples, labeled case a and case b. Detailed in the chart below is the average social security benefit paid to each of those four groups in august 2023, and how that figure will change once the 3.2% cola is.

The maximum social security benefit changes each year. The maximum social security benefit for someone who retires at full retirement age is $3,822 in 2024.