Social Security Increase 2024 Amount Calculator. “the 2024 election is going to be a big one for retirees,” says brandon ashton, director. That’s a considerably lower bump than the 2023 cola of 8.7 percent.

The calculator provides an estimate of your monthly social security retirement benefit, based on your earnings history and age. With the ssa announcing an 3.2 percent cola, many are wondering how to calculate their new benefit amount.