[USER]

I have a question. For higher income earners (let’s say over starting salary $50k, $100k by mid career, $150k by retirement) what does your social security check look like.

All the people I know are working class ($25-75k over their career) and their social security checks are like $1000-2000 at most.

Someone told me there is a max amount you can get for social security payments.

If there is a max, what is that?

Otherwise what might someone in the scenario I presented above expect generally soeaking if eligible to collect payment in the next 5 years

[David]

I fed my SS statement to ChatGPT and worked out a bunch of hypotheticals.

Pretty interesting

[Goldie]

There’s a social security website that tells you how much you’d get at retirement based off how much you’ve already put in

[Don]

Read up on the “bend points”. There are spreadsheets around where you can paste in your earnings history and see where you land.

I’d say if you get to the second bend point you did ok.

After that you don’t get nearly as much back.

[John]

Social security is the best 35 years of your working carrier. More you make the more you get.

[Dar]

If you wait until age 70 about $4,000 thats at an ending salary of $130,000.

[Sid]

People always talk about 62, 65, and 70. But a person can apply for Social Security at any time along the way.

It ramps up accordingly.

For example, a person could apply for Social Security at 63 1/2 if they chose to.

[Kate]

I think max is around 4k a month, it’s all based on your income and how long you’ve worked

[Yoan]

I have SS maxed out. If I take early at 62 it’s $2530 full at 67 it’s $3816 and delayed at 70 is $4867

[Rebecca]

You can create your account online and it will provide estimates based on your actual reported earnings.

[Dee]

The maximum monthly Social Security benefit in 2024 is:
Full retirement age: $3,822
Age 70: $4,873
Age 62: $2,710

The maximum benefit depends on several factors, including:
Age at which benefits are claimed: The earlier benefits are claimed, the lower the benefit will be.

Earnings history: To receive the maximum benefit, a person must earn the maximum taxable income for 35 years. In 2024, that amount is $168,600.

[Paul]

Enter your info on the social security website and they will give you estimates based on when you choose to start drawing your benefits.

[Author]

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