69-year-olds who are still working can increase their Social Security retirement benefit payments. In fact, some high earners may be able to receive the largest payment in 2025.
As of 2024, the largest Social Security retirement benefit payment is worth $4,873, but it will increase in 2025 after COLA. So, if you meet all the requirements you can get a higher payment than in 2024. After Full Retirement Age, you can increase your benefits by 8% per year if you delay retirement.
69-year-olds who can get more than $4,873 from Social Security in 2025
If you happen to be in this situation, you must meet all the Social Security requirements, which are not easy at all. However challenging, some workers are so successful that they will qualify.
Checklist with the key requirements to get over $4,873 in 2025 if you are aged 69 in 2024:
- workers must have had jobs covered by SSA
- workers must have paid enough payroll taxes to SSA
- workers must apply for Social Security at the age of 70
- workers must have earned the contribution and benefit base for 35 years
- workers must have worked for a minimum of 35 years
69-year-olds average Social Security check
As of July 2024, the average retirement benefit payment is worth $1,919. This average amount is for all retired workers. Nevertheless, the average retirement benefit for 69-year-olds is worth about $1,950.
Therefore, there is not a big difference between the average amount for all workers and the specific for this age group. If you are receiving a really low Social Security payment at 69, you can apply for Supplemental Security Income.
It can provide you with an average payment of about $695. If you qualify for the largest SSI amount, it can be up to $943 for individuals and up to $1,415 for married couples who qualify. If you cannot get $4,873, you can still delay retirement until you are 70 to get 8% extra per month.
