Average Social Security Benefit at Full Retirement Age Reaches $3,627 Monthly in 2026

Social Security beneficiaries reaching age 67 in 2026 can expect an average monthly benefit of $3,627, reflecting a 3.2% cost-of-living adjustment and continued growth in retirement income. The figure underscores rising support for retirees as the program adapts to inflation and demographic shifts.

The average monthly Social Security benefit for individuals claiming at full retirement age—defined as 67 for those born in 1960 or later—has increased to $3,627 in 2026. This marks a 3.2% rise from the prior year, driven by the annual cost-of-living adjustment (COLA) approved by the Social Security Administration. The adjustment aims to preserve purchasing power amid inflationary pressures across the U.S. economy. The benefit amount is determined by a worker’s 35 highest-earning years, adjusted for inflation, and calculated based on their full retirement age. For those born in 1960 or later, this age is 67, and claiming benefits at this point avoids reductions from early claiming or penalties from delayed retirement beyond age 70. The $3,627 average reflects a broader trend: Social Security benefits have grown steadily over the past decade, increasing from $2,800 in 2016 to $3,627 in 2026. This growth supports retirees managing expenses such as healthcare, housing, and groceries. The average benefit for those claiming at age 62—the earliest eligibility—remains significantly lower at approximately $2,300 monthly. The increase impacts millions of retirees, particularly those relying on Social Security as a primary income source. It also influences budget planning for households, financial advisors, and policymakers evaluating long-term solvency and funding mechanisms for the program.