Social Security Max 2024 Payout Calculator. In 2024, the contribution and benefit base is $168,600. To receive the highest social security payout, you must retire at 70 and have at least 35 working years, earning at least the maximum income amount for the year.

The highest social security retirement benefit for an individual starting benefits in 2024 is $4,873 per month, according to the social security administration. The maximum benefit varies each year due to the annual adjustment based on changes in the national wage level.