Social Security
Social Security: What is the maximum retirement benefit in 2025?
Social Security beneficiaries can expect bigger checks next year thanks to the cost of living adjustment. Here’s what the maximum benefit will be in 2025.
Social Security payments will increase next year thanks to the cost-of-living adjustment or COLA. The Social Security Administration calculates the COLA each year based on changes in the Consumer Price Index so as not to affect the purchasing power of beneficiaries.
Following the calculation, the government agency determined that the COLA for 2025 would be 2.5%, so beneficiaries will see an increase in that percentage.
The 2025 COLA applies to payments for retired workers, survivors, and Social Security Disability Insurance or SSDI, as well as Supplemental Security Income SSI benefits.
With the COLA increase, the average payments for next year will be as follows.
- All retired workers: $1,927 to $1,976
- Elderly couple where both receive benefits: $3,014 to $3,089
- Widowed spouse and two children: $3,669 to $3,761
- Elderly widow(er): $1,788 to $1,832
- Disabled worker, spouse and one or more children: $2,757 to $2,826
- All disabled workers: $1,542 to $1,580
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Meanwhile, the maximum monthly federal amounts of Supplemental Security Income will be $967 for an eligible person, $1,450 for an eligible person with an eligible spouse, and $484 for an essential person.
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Social Security: What is the maximum retirement benefit in 2025?
Although not related to the COLA increase, the maximum amounts a retiree can access will also increase in 2025.
According to the official SSA payment table, for 2025, the maximum benefit at age 62 will be $2,831; at age 65, $3,374; at age 66, $3,795; at age 67, $4,043; and at age 70 and older, $5,108.
It is important to note that the exact amount sent depends on each beneficiary, as Social Security payments are calculated individually. To get a rough estimate of what your monthly payments will be next year, you can add 2.5% to your current benefits.
You should also keep an eye out for any announcements from the SSA, as it will notify beneficiaries of their new amount this month, either by mail or through their my Social Security account.
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