Get ready for the April update: Initial payments totaling $4,873 will be sent out in just 11 days

The first of April’s three Social Security payments, worth up to $4,873 for the highest income earners who retire at 70, will go out to the first group of retirees in 11 days.

The payment will go out on April 10 to beneficiaries born on or between the first and 10th of a month, according to the Social Security Administration calendar.

Those born on or after the 11th of a month will receive their checks in one of two later disbursements, on April 17 or 24.

The maximum amount retirees can receive depends on certain factors, such as the amount they paid into Social Security, the number of years they paid into the program, and their age at the time of retirement, which is the biggest factor.

The highest amount a senior who retires at 70 can get is $4,873 per month. People who retire at the full retirement age of 67 have a maximum benefit of $3,822 per month, according to the SSA.

People who retire at the youngest age possible, 62, can only receive up to $2,710 a month.

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This year’s payments include a 3.2% increase compared to the monthly payments of 2023, which is part of the annual cost-of-living adjustment.

Not every recipient will receive the highest amount, so a more personalized estimate of what each person can expect every month can be found via the SSA’s calculator.