Below, we'll detail the specifics of the 2025 COLA increase and what it means for you. For more, here's our essential Social Security cheat sheet, and don't miss the Social Securi

The maximum Social Security retirement benefit in 2025 will be $5,108 per month, or the equivalent of $61,296 per year. Here's who can expect to receive that much next year. To determine exactly how to receive the maximum benefit next year, it's important to understand how the government calculates Social Security benefits.

The extent to which your monthly Social Security payments will increase in 2025 will hinge on a few factors. These include an official COLA number, whether you're enrolled in Medicare, and whether the cost of Part B rises in 2025.