Want the Max $4,194 Social Security Benefit? Here's the Salary You Need
The maximum possible Social Security benefit for someone claiming in 2022 is $4,194 per month, or $50,328 per year. However, the average monthly retirement benefit is $1,668, and very few retirees end up getting the maximum. So, how much do you need to make if your goal is to max out Social Security?
The short answer is that in order to maximize Social Security, you'll need to earn at least $147,000 from covered employment or self-employment. But there's much more to the story. Here are the details of how to max out Social Security, and why a high income isn't enough all by itself.
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Source Fool.com