Does anyone get more SS benefits than $3,790?

Is the $3790 amount based upon this formula:

AIME Formula:

Adding all 35 years of indexed earnings together, dividing by 35 to find your annual average, and dividing this result by 12 to determine your lifetime monthly average (420 months in 35 years). So, for example, if someone made $70,000 each year for 35 years, it would be $2,450,000 / 420 = $5833.33. 


-- 90% of the first $895 in AIME 

   $895 x 90% is $805.50


-- 32% of the amount of AIME greater than $895, up to $5,397 

   (using AIME example above -- greater than $895 up to $5397 = $4502.00

    $4502.00 x 32% is: $1,440.64 approx


-- 15% of the amount of AIME greater than $5,397 

    (using AIME example above -- greater than $5397 = $436.33

    $436.33 x 15% is $65.45


so, SS monthly benefit would be: 805.50 + 1440.64 + 65.45 = $2311.59

if someone began their benefits in 2020 at age 70, correct?


Because if the AIME and percentages, no one ever gets more than $3790/mo (currently), right?

What else is there to consider?



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Honored Social Butterfly

NO, not in 2020 because $ 3790 is the very top benefit including the delayed retirement credit - AS LONG AS YOU DON'T CONTINUE TO WORK PAST 70 years old and keep p[ulling in the big bucks.


Charles Schwab 12/19/2018 - Does Working Past Age 70 Affect Your Social Security Benefits? 


The maximum monthly Social Security benefit that an individual can receive per month in 2020 is:


  • $3,790 for someone who files at age 70.  That amount has the delayed retirement credit built into it.
  • For someone at full retirement age the maximum amount is $3,011 - that is working many (most) years, paying in the maxium contribution - i.e. up to the tax cap.
  • For someone aged 62 the maximum amount is $2,265 - that is just like the above - paying in the max contribution but taking the EARLY retirement.

Social - Benefit Calculation Examples for Workers Retiring in 2020 - Indexing Factors 

It's Always Something . . . . Roseanna Roseannadanna
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