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This Is the Average Social Security Benefit for Age 65

Many people misunderstand Social Security in some way. For example, they might not appreciate that not only does the program deliver regular, dependable income to millions of people in retirement, but it also increases those payments almost every year — via cost-of-living adjustments (COLAs) — to help keep up with inflation. In fact, the most recent increase of 2.5% for 2025 was recently announced.

The size of Social Security benefit payments is also frequently misunderstood. Some future retirees think that they will live comfortably on what it pays them. Well, they might; but as of August, the overall average monthly Social Security retirement benefit was $1,920 — roughly $23,000 annually.

Someone is in a vegetable garden, smiling.

Image source: Getty Images.

How large are Social Security benefits?

The best way to get an idea of how much you might receive from Social Security is to set up a my Social Security account at the Social Security Administration website. It will give you the latest estimates of your future benefits.

The table below shows average monthly benefits for different ages, as of the end of last year:

Age

Average for All Beneficiaries

Average for Men

Average for Women

62

$1,298

$1,440

$1,167

65

$1,563

$1,733

$1,410

67

$1,884

$2,094

$1,676

70

$2,038

$2,257

$1,816

75

$2,102

$2,228

$1,800

80

$1,940

$2,139

$1,750

85

$1,864

$2,034

$1,712

Source: Social Security Administration.

Ways to make your benefits bigger

The numbers above might be disappointing, especially if you’re a woman and have earned less than men, on average, during your working life. But there are ways to boost your benefits, such as by delaying claiming them. For many people, waiting until age 70 will be the best move — if they can swing it.

Coordinating with a spouse can also be effective. For example, the higher earner might delay until age 70 (after which there’s no more benefit to waiting), while the other spouse starts collecting sooner. The more you learn about Social Security, the more you might get out of it.

The $22,924 Social Security bonus most retirees completely overlook

If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $22,924 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Simply click here to discover how to learn more about these strategies.

View the “Social Security secrets” »

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