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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.
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 ...
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 ...
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 ...
But those who work a full career and wait until age 70 to claim may still be in line for a substantial amount. The maximum Social Security retirement benefit in 2025 will be $5,108 per month, or ...