Social Security Increase 2024 Cola Calculator. When multiplied by 3.2% or 0.032%, the estimated cola, you can expect a monthly benefit in 2024 of about $1,880 — a $58 increase. For security, the quick calculator does not access your earnings record;

Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024. The amounts required for updating the 2022 versions of the social security benefit calculator are as follows: