Cost Of Living 2024 Social Security Increase Calculator. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. This means that more than 71 million americans will.

The amounts required for updating the 2022 versions of the social security benefit calculator are as follows: Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.