Alina Catarina

Maximum Social Security Payment 2024 Age 70. In fact, some seniors this year are looking at a monthly benefit of $4,555, which is the maximum social security will pay. For those born in 1943 or later, the increase is 2/3 of 1%, giving many workers an incentive to wait until age 70 to collect.

That’s $43,824 in annual income, which can go a long way. How much your receive depends on several factors, including the age when you retire.