Ssa Income Limits 2024 Calculator For Seniors. To receive the highest social security payout, you must retire at 70 and have at least 35 working years, earning at least the maximum income amount for the year. The earnings limit for social security beneficiaries under full retirement age will increase in 2024.

If your social security income is taxable depends on your income from other sources. For 2024, it’s $4,873/month for those who retire at age 70 (up from $4,555/month in 2023).