Social Security 2024 Cola Estimate. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it comes to fruition would raise an average monthly retiree benefit of $1,790 by $57.30. This online social security benefits calculator estimates retirement benefits based on your age, retirement date and earnings.
The current version of the detailed calculator is 2024.2, which we released on july 31, 2024. How much is the increase: