Can I Retire on Social Security Alone if I'm Getting the Maximum Monthly Benefit?
As of January 2024, the average Social Security recipient collected a monthly benefit of $1,907. That's an annual income of just under $23,000.
You may not be able to get by in retirement on Social Security alone if your monthly benefit is somewhere in the vicinity of $1,907. But what if Social Security is paying you a lot more?
The maximum monthly benefit Social Security is paying this year is $4,873. To get that benefit, you need to earn a high wage throughout your career and delay your Social Security filing until age 70.
Source Fool.com
