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Here's the Maximum Possible Social Security Benefit -- and How Many People Actually Get It

It is possible to retire in 2024 and get nearly $4,900 per month. But you'll be surprised how few people do.

By Matt Frankel, CFP – Nov 20, 2024 at 5:17AM EST

The maximum possible Social Security benefit for someone retiring in 2024 is nearly $4,900 per month, but this requires a perfect combination of factors that most Americans don't have. In this video, Certified Financial Planner® Matt Frankel discusses the maximum, how to get it, and exactly how many people max out Social Security in the real world.

*Stock prices used were the morning prices of Nov. 13, 2024. The video was published on Nov. 14, 2024.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
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The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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