According to the Social Security Administration, the maximum Social Security retirement benefit that an individual can receive per month in 2023 ranges from $2,572 to $4,555, depending on the age when they begin collecting and their earnings history, among other factors. If someone retires at full retirement age in 2023, their maximum benefit would be $3,627. However, if they retire at age 62 in 2023, their maximum benefit would be $2,572, and if they retire at age 70 in 2023, their maximum benefit would be $4,555. To receive the maximum Social Security benefit, an individual would need to earn at least the maximum wage taxable by Social Security for 35 years and delay claiming the benefit until they reach 70. The earnings cap adjusts every year based on changes to the national average wage index and is $160,200 in 2023.