2016 data average monthly Social Security retirement benefit average monthly Social Security retirement benefit according to the Social Security Administration currently averages $1,341 per month average monthly Social Security retirement benefit ccording to the SSA January according to the Social Security Administration $1,341 per month according to the U.S. Social Security Administration will be living off of Social Security payments average monthly Social Security retirement benefit currently averages $1,341 per month ccording to the SSA according to the U.S. Social Security Administration average monthly Social Security retirement benefit 2016 data will be living off of Social Security payments Social Security