If you're reading this then you likely already know the biggest-possible monthly benefit that retirees will be receiving from the Social Security Administration in 2024 is $4,873, up from 2023's figure of $4,555.

How many people are actually collecting these maximum-sized checks anyway? Not many. Most people will see markedly smaller payments even if they were above-average earners in most of their working years.

Current and future retirees must meet three requirements if they're going to get the maximum monthly Social Security benefit of $4,873 in 2024.

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Source Fool.com