Q:

What is the maximum Social Security monthly retirement benefit amount?

A:

Quick Answer

The maximum Social Security retirement benefit amount varies with the age a person retires, states the official Social Security website. As of 2015, if a person retires at 65, his maximum monthly benefit is $2,663. If retiring at 62, the maximum benefit is $2,025, and at 72, the maximum.is $3,501.

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Full Answer

One of the biggest factors that affects how much a retiree receives in his Social Security check is the amount he earned over his lifetime, states Motley Fool. The maximum monthly benefit amount is adjusted every year based on inflation and the average age at which people reach full retirement, explains the Social Security Administration. Disabled people who are not able to work also receive Social Security benefits, and the amount they receive is calculated every three years.

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