Social Security 2024 Cola Increase Calculator

Social Security 2024 Cola Increase Calculator. That’s a considerably lower bump than the 2023 cola of 8.7 percent. Here’s how you can calculate your benefits for next year.

Estimate your monthly social security retirement benefit using your age, income and when you want to retire. 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.