Social Security Cola 2024 Estimate Calculator. With the ssa announcing an 3.2 percent cola, many are wondering how to calculate their new benefit amount. Try smartasset's rmd calculator to learn more.

That estimate is up from the. A 2.5 percent cola would increase the average benefit for a retired worker — about $1,920 a month in august 2024 — by $48 a month starting in january 2025.