Social Security 2024 Cola Estimate Chart. How the cola is applied. 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.

A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by $54 a month starting. The ssa will calculate the percent change between average.