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Here's the maximum possible 2025 Social Security benefit at 62, 67, and 70. Earning a high salary throughout your career is just one factor that goes into determining the size of your monthly benefit.
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 ...
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 ...
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 ...
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.
Collecting the maximum Social Security benefit does not require you to earn millions of dollars each year as there's an annual limit on the amount of individual wages the government taxes for the ...
Image source: The Motley Fool. The maximum Social Security benefits at ages 62, 67, and 70. Ages 62, 67, and 70 are key ages in Social Security. Age 62 is important because it's the earliest you ...
The maximum possible benefit in 2025 will be $5,108 per month, and that amount will climb every year going forward thanks to the annual cost-of-living adjustment, or COLA, baked into Social Security.