In fact, the average retired worker receives $1,905.31 each month – about 8 percent more than Social Security recipients as a whole. Here’s how the figures break down by recipient, as of December 2023.
| Type of beneficiary | Percent of total payouts | Average monthly benefit |
|---|---|---|
|
Source: Social Security Administration, December 2023
The maximum initial monthly benefit for 2024 by retirement age:
|
||
| All recipients | 100% | $1,767.03 |
| Retirement benefits | 78.6% | $1,856.38 |
| Retired workers | 74.8% | $1,905.31 |
| Survivor benefits | 8.7% | $1,501.60 |
| Nondisabled widow(er)s | 5.2% | $1,774.33 |
| Disability insurance | 12.7% | $1,395.49 |
| Disabled workers | 11.0% | $1,537.13 |
