## Workers with Maximum-Taxable Earnings

- Automatic Determinations
- Benefit Computation
- Primary Insurance Amount
- Wage-indexed amounts

**Social Security benefits depend on earnings**         The amount of a person's retirement benefit           depends primarily on his or her lifetime earnings.  We index such earnings         (that is, convert past earnings to approximately their equivalent values         near the time of the person's retirement) using the         national average wage index.  See         how we use earnings to compute         a retirement benefit amount.

**Benefit Examples For Workers With Maximum-Taxable Earnings**         The *initial* benefit amounts shown in the table below assume retirement         in January of the stated year, with maximum-taxable earnings         since age 22.  Benefits *in 2024* reflect subsequent automatic         benefit increases (if any).  The table         shows Average Indexed Monthly Earnings         (AIME)—an amount that summarizes a person's earnings—and         the corresponding monthly benefit amounts.  Retirement at age 70 produces         the highest ratio of retirement benefit to AIME.

| Retirement in Jan. | Retirement at age 62 a | Retirement at age 65 b | Retirement at age 66 c | Retirement at age 67 d | Retirement at age 70 e |
|--------------------|------------------------|------------------------|------------------------|------------------------|------------------------|
||
||
| 1987               | $2,205                 | $666                   | $1,845                 | $2,009                 | $789                   | $2,184 | $1,955 | $806 | $2,232 | $1,861 | $825 | $2,285 | $1,725 | $1,056 | $2,925 |
| 1988               | 2,311                  | 691                    | 1,836                  | 2,139                  | 838                    | 2,227 | 2,089 | 860 | 2,286 | 2,040 | 880 | 2,339 | 1,859 | 1,080 | 2,870 |
| 1989               | 2,490                  | 739                    | 1,887                  | 2,287                  | 899                    | 2,297 | 2,217 | 911 | 2,329 | 2,171 | 936 | 2,392 | 2,000 | 1,063 | 2,717 |
| 1990               | 2,648                  | 780                    | 1,903                  | 2,417                  | 975                    | 2,379 | 2,368 | 984 | 2,401 | 2,302 | 998 | 2,435 | 2,154 | 1,085 | 2,647 |
| 1991               | 2,792                  | 815                    | 1,887                  | 2,531                  | 1,022                  | 2,367 | 2,502 | 1,079 | 2,498 | 2,457 | 1,084 | 2,511 | 2,332 | 1,163 | 2,694 |
| 1992               | 2,978                  | 860                    | 1,920                  | 2,716                  | 1,088                  | 2,430 | 2,617 | 1,113 | 2,486 | 2,592 | 1,175 | 2,623 | 2,470 | 1,231 | 2,749 |
| 1993               | 3,154                  | 899                    | 1,950                  | 2,878                  | 1,128                  | 2,447 | 2,801 | 1,181 | 2,561 | 2,708 | 1,203 | 2,609 | 2,605 | 1,289 | 2,794 |
| 1994               | 3,384                  | 954                    | 2,016                  | 3,024                  | 1,147                  | 2,424 | 2,963 | 1,219 | 2,577 | 2,891 | 1,276 | 2,697 | 2,758 | 1,358 | 2,870 |
| 1995               | 3,493                  | 972                    | 1,998                  | 3,219                  | 1,199                  | 2,464 | 3,112 | 1,248 | 2,565 | 3,055 | 1,319 | 2,712 | 2,896 | 1,474 | 3,029 |
| 1996               | 3,657                  | 1,006                  | 2,016                  | 3,402                  | 1,248                  | 2,502 | 3,306 | 1,300 | 2,606 | 3,201 | 1,352 | 2,709 | 3,012 | 1,501 | 3,007 |
| 1997               | 3,877                  | 1,056                  | 2,057                  | 3,634                  | 1,326                  | 2,583 | 3,490 | 1,364 | 2,657 | 3,396 | 1,412 | 2,750 | 3,189 | 1,609 | 3,134 |
| 1998               | 4,144                  | 1,117                  | 2,131                  | 3,750                  | 1,342                  | 2,560 | 3,724 | 1,437 | 2,742 | 3,584 | 1,477 | 2,817 | 3,348 | 1,648 | 3,142 |
| 1999               | 4,463                  | 1,191                  | 2,243                  | 3,926                  | 1,373                  | 2,585 | 3,847 | 1,451 | 2,733 | 3,822 | 1,544 | 2,906 | 3,496 | 1,684 | 3,171 |
| 2000               | 4,775                  | 1,248                  | 2,292                  | 4,161                  | 1,435                  | 2,636 | 4,031 | 1,502 | 2,760 | 3,954 | 1,585 | 2,912 | 3,707 | 1,752 | 3,219 |
| 2001               | 5,126                  | 1,314                  | 2,332                  | 4,440                  | 1,538                  | 2,729 | 4,272 | 1,593 | 2,828 | 4,144 | 1,657 | 2,941 | 3,912 | 1,879 | 3,335 |
| 2002               | 5,499                  | 1,382                  | 2,391                  | 4,770                  | 1,660                  | 2,872 | 4,555 | 1,692 | 2,928 | 4,390 | 1,750 | 3,027 | 4,165 | 1,988 | 3,439 |
| 2003               | 5,729                  | 1,412                  | 2,408                  | 5,099                  | 1,721                  | 2,937 | 4,890 | 1,814 | 3,095 | 4,679 | 1,836 | 3,134 | 4,321 | 2,045 | 3,489 |
| 2004               | 5,892                  | 1,422                  | 2,377                  | 5,457                  | 1,784                  | 2,982 | 5,219 | 1,894 | 3,166 | 5,015 | 1,989 | 3,324 | 4,532 | 2,111 | 3,528 |
| 2005               | 6,137                  | 1,452                  | 2,364                  | 5,827                  | 1,874                  | 3,050 | 5,574 | 1,982 | 3,225 | 5,341 | 2,088 | 3,398 | 4,786 | 2,252 | 3,664 |
| 2006               | 6,515                  | 1,530                  | 2,393                  | 6,058                  | 1,961                  | 3,066 | 5,940 | 2,108 | 3,295 | 5,692 | 2,223 | 3,476 | 5,072 | 2,420 | 3,784 |
| 2007               | 6,852                  | 1,598                  | 2,418                  | 6,229                  | 1,998                  | 3,024 | 6,177 | 2,194 | 3,321 | 6,062 | 2,348 | 3,553 | 5,406 | 2,672 | 4,044 |
| 2008               | 7,260                  | 1,682                  | 2,487                  | 6,479                  | 2,030                  | 3,004 | 6,350 | 2,212 | 3,273 | 6,300 | 2,432 | 3,598 | 5,733 | 2,794 | 4,133 |
| 2009               | 7,685                  | 1,769                  | 2,474                  | 6,861                  | 2,172                  | 3,037 | 6,606 | 2,323 | 3,249 | 6,480 | 2,539 | 3,551 | 6,090 | 3,054 | 4,270 |
| 2010               | 7,949                  | 1,820                  | 2,544                  | 7,189                  | 2,191                  | 3,064 | 6,976 | 2,346 | 3,281 | 6,728 | 2,532 | 3,541 | 6,450 | 3,119 | 4,361 |
| 2011               | 7,928                  | 1,803                  | 2,521                  | 7,579                  | 2,249                  | 3,145 | 7,299 | 2,366 | 3,308 | 7,091 | 2,555 | 3,572 | 6,683 | 3,193 | 4,464 |
| 2012               | 8,199                  | 1,855                  | 2,504                  | 7,973                  | 2,310                  | 3,118 | 7,680 | 2,513 | 3,392 | 7,407 | 2,666 | 3,599 | 6,852 | 3,266 | 4,408 |
| 2013               | 8,539                  | 1,923                  | 2,552                  | 8,230                  | 2,414                  | 3,204 | 8,074 | 2,533 | 3,362 | 7,788 | 2,780 | 3,689 | 7,095 | 3,350 | 4,446 |
| 2014               | 8,890                  | 1,992                  | 2,605                  | 8,229                  | 2,431                  | 3,179 | 8,335 | 2,642 | 3,455 | 8,182 | 2,795 | 3,655 | 7,452 | 3,425 | 4,479 |
| 2015               | 9,066                  | 2,025                  | 2,603                  | 8,479                  | 2,452                  | 3,152 | 8,314 | 2,663 | 3,425 | 8,417 | 2,916 | 3,750 | 7,747 | 3,501 | 4,501 |
| 2016               | 9,431                  | 2,102                  | 2,703                  | 8,782                  | 2,491                  | 3,203 | 8,556 | 2,639 | 3,393 | 8,395 | 2,891 | 3,717 | 8,090 | 3,576 | 4,598 |
| 2017               | 9,784                  | 2,153                  | 2,761                  | 9,076                  | 2,542                  | 3,258 | 8,843 | 2,687 | 3,444 | 8,624 | 2,870 | 3,679 | 8,426 | 3,538 | 4,535 |
| 2018               | 9,936                  | 2,158                  | 2,712                  | 9,243                  | 2,589                  | 3,254 | 9,144 | 2,788 | 3,504 | 8,918 | 2,973 | 3,736 | 8,649 | 3,698 | 4,647 |
| 2019               | 10,296                 | 2,209                  | 2,701                  | 9,578                  | 2,757                  | 3,371 | 9,300 | 2,861 | 3,497 | 9,204 | 3,106 | 3,798 | 8,635 | 3,770 | 4,609 |
| 2020               | 10,683                 | 2,265                  | 2,726                  | 9,919                  | 2,857                  | 3,437 | 9,636 | 3,011 | 3,623 | 9,366 | 3,150 | 3,791 | 8,864 | 3,790 | 4,561 |
| 2021               | 11,098                 | 2,324                  | 2,761                  | 10,074                 | 2,841                  | 3,375 | 9,979 | 3,113 | 3,698 | 9,704 | 3,306 | 3,927 | 9,150 | 3,895 | 4,628 |
| 2022               | 11,430                 | 2,364                  | 2,652                  | 10,437                 | 2,993                  | 3,357 | 10,141 | 3,240 | 3,634 | 10,049 | 3,568 | 4,003 | 9,446 | 4,194 | 4,705 |
| 2023               | 12,427                 | 2,572                  | 2,654                  | 10,824                 | 3,279                  | 3,384 | 10,503 | 3,506 | 3,618 | 10,217 | 3,808 | 3,930 | 9,628 | 4,555 | 4,700 |
| 2024               | 13,100                 | 2,710                  | 2,710                  | 11,256                 | 3,426                  | 3,426 | 10,911 | 3,652 | 3,652 | 10,600 | 3,911 | 3,911 | 9,990 | 4,873 | 4,873 |

abnormal retirement agecdelayed retirement creditsddelayed retirement creditsedelayed retirement credits