Cola 2024 Social Security. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. That adds about $50 monthly to the.

If you don’t have an account yet, you must create one by november 14, 2023, to receive the 2024 cola notice online. Ssa calculates the percent change.