Every month, the United States Social Security Administration (SSA) sends retirement payments to eligible people. This week, on April 23, the final round of April payments will be given out. These payments can go up to $5,108 for those who meet some very strict conditions.
If you’re a retiree in the US and want to know when and how you’ll receive your Social Security money, or if you’re aiming to reach the highest monthly benefit possible, here’s a simple explanation to help you understand.
When Are Retirement Payments Sent?
The SSA sends out retirement payments in three rounds each month, based on the retiree’s birth date. Here’s how it worked for April:
First Payment: April 9
- If your birthday is between the 1st and 10th of any month, you got your payment on the second Wednesday, which was April 9.
Second Payment: April 16
- Those born between the 11th and 20th got paid on the third Wednesday, April 16.
Final Payment: April 23
- If your birthday falls after the 21st, your money is coming this week — on Wednesday, April 23.
Who Can Get the Maximum Monthly Benefit of $5,108?
Not everyone qualifies for the maximum amount. In fact, only a small number of people will receive the full $5,108 in 2025. This is because several specific rules must be followed for many years. Let’s break it down:
Work Credits Are Required
To get any retirement benefits, you must work for at least 10 years and earn 40 work credits. In 2025, one credit is given for every $1,810 you earn in a quarter. You can earn up to four credits each year.
Your Highest Earning Years Matter
The SSA calculates your payment using your top 35 earning years, adjusted for inflation. To get the maximum, your income needs to hit the “taxable ceiling” every one of those years. In 2025, that ceiling is $176,100. If you earn more than that, it won’t add to your Social Security amount.
Wait Until You’re 70
Although you can start collecting retirement benefits as early as age 62, you won’t get the full benefit unless you wait. If you delay until age 70, your monthly payments increase by about 8% per year beyond your “full retirement age” (which is usually around 66-67). This boost helps you reach the top benefit of $5,108.
You Must Turn 70 in 2025
The absolute highest monthly benefit is available only to people who turn 70 in 2025 — meaning they were born in 1955. If you turn 70 in other years, the maximum amount is slightly lower. For example, someone born in 1954 may get around $5,090.
Why This Matters
Even though only a few people will actually receive the full $5,108, knowing the rules can help you plan better for retirement. If you’re still working, try to earn as close as possible to the maximum taxable limit each year. You can also check your earnings history by logging into your “my Social Security” account on the SSA website.
If you want the best outcome when you retire, plan early and consider delaying your retirement to maximize your benefit.