Social Security 2024 Max Payment. It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62. We call this annual limit the contribution and benefit base.

The very last social security payment for 2024 will arrive a day earlier than usual, so recipients expecting a check this week have something extra to look forward to this holiday. And the difference in waiting until fra versus 62 years old can be financially significant, with the social security administration noting that someone retiring at fra in 2024.