What is the maximum Social Security retirement benefit?

The maximum Social Security retirement benefit for individuals depends on the year they decide to retire. As of 2021, the maximum benefit at full retirement age is $3,148 per month. However, this amount can vary depending on the individual's work history and earnings. The Social Security Administration calculates benefits based on a formula that takes into account the highest 35 years of a person's earnings and adjusts the amount for inflation. To receive the maximum benefit, one must have a substantial income throughout their working career. Additionally, individuals can choose to delay claiming benefits until the age of 70 to receive an increased monthly amount. It is crucial to consult the Social Security Administration's website or speak with a representative to obtain personalized information regarding specific benefit amounts.