Social Security: Projected average payments for 65-year-olds in 2026

In 2026, the average monthly Social Security payment for a 65-year-old is projected to be approximately $1,652.27, following a 2.8% cost-of-living adjustment (COLA) applied to the December 2025 average of $1,607.27.

Benefit amounts vary based on individual work histories and the age at which payments are requested. Data from December 2025 indicated that men received an average of $1,772 per month, while women received an average of $1,457.40.

While age 65 provides access to Medicare, it does not guarantee full retirement benefits. For individuals born in 1960 or later, the full retirement age to avoid permanent reductions in monthly payments is 67.