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Is the average couple’s Social Security benefit enough to live off?

Most seniors will need personal savings and their benefit to cover retirement costs.

retirement plan

Estimating how much you may get can make it easier to save.


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You’ll probably need savings

On average, retired workers get about $1,666 per month from Social Security. Married couples tend to get more money because both spouses can claim. Even with the combined benefits, they likely won’t cover all of the expenses.

Couples who claim together usually get about $2,739 per month as of April 2022– that is nearly $32,868 annually.

In 2020, the Bureau of Labor Statistics found that households headed by an adult over 65 spent roughly $47,579. With the current rate of inflation, we can expect to exceed that number in 2022.

If you need more time to save, consider delaying your retirement.


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