As of April 2026, over 54.3 million Americans were receiving Social Security retirement benefits, with many relying heavily or entirely on it for their retirement income. The average benefit varies widely because much of it relies on career earnings, but having a gist of the average benefit can help put into perspective the role Social Security plays or could potentially play in your retirement finances.
As of the end of last year, the average monthly benefit for a 70-year-old was $2,274.68. Due to discrepancies in wages and lifetime earnings, the average for men is higher than the average for women. Men averaged a benefit of $2,529.62, while women averaged $2,024.08.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
It’s important to note that these averages are for any 70-year-old receiving Social Security, not just someone who began claiming benefits at age 70. It could be someone who claimed at 62 and has been receiving benefits for eight years, or someone who decided to delay benefits until age 70.
The average benefit for a 70-year-old who delayed benefits until then would be noticeably higher because of the delayed retirement credits you receive by delaying benefits. Each month you delay benefits past your full retirement age — 67 for someone born in 1960 or later — increases your benefit by 2/3 of 1% (8% annually; 24% total if delayed until 70).
The $23,760 Social Security bonus most retirees completely overlook
If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $23,760 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after.
Many Americans leave money on the table in retirement. Learn more about these retirement strategies and more, available when you join Stock Advisor.
View the “Social Security secrets” »
The Motley Fool has a disclosure policy.
This Is the Average Social Security Benefit for Age 70 in 2026 was originally published by The Motley Fool
