Social Security 2024 Increase Amount Calculator. How to find your 2024 social security cola increase. The updated amounts will take effect in december, with recipients seeing the increase in their january payments.

A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024. Use the online benefits calculator to estimate your monthly social security benefits by entering the annual earnings shown on your social security statement.