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The second thing you must do to earn the max benefit is to earn the maximum income subject to Social Security payroll taxes in each of your 35 highest-earning years. In 2024, that's $168,600. In ...
To be eligible for the maximum monthly benefit, you must earn at least the wage base limit in each of the 35 years that Social Security uses to calculate your benefit amount. For perspective ...
To receive the maximum monthly benefit, you'll need to earn at least the wage base limit in each of the 35 years that Social Security uses to calculate your benefits.
Data source: Social Security Administration. Chart by author. Despite earning comparable salaries throughout their careers, the 70-year-old person can receive a monthly benefit 80% higher than ...
One of those changes is the maximum benefit amount. Starting in 2025, the most you can receive from Social Security is $5,108 per month, up from $4,873 per month in 2024.
The wage base limit in 2025 is $176,100, so if 2025 will be one of the years used to determine your monthly Social Security benefit, that's the minimum amount you can earn and still be eligible ...