The amount of Social Security benefits retirees receive depends on the age they retire, the number of years they have contributed into the system, and the amount of money they have paid into Social Security. High-income earners retiring at age 70 can expect to receive a maximum of $4,873 each month. Retirees at age 62, the earliest age at which you can start receiving benefits, can collect $2,710 each month.

Beneficiaries can see a personalized estimate of how much they can expect each month from beginning to end Social Security Administration’s calculator.

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Retirees will receive their Social Security checks depending on when their birthday falls. The first round of checks will be issued on the second Wednesday of the month to those born between the 1st and 10th of the month, and recipients will receive their checks on November 13. Beneficiaries born between the 11th and 20th of the month will receive their checks. Pensioners born on or after the 21st of the month will receive their payments on November 20th, and on November 27th.

The federal government has provided Social Security benefits to retirees since 1935, when former President Franklin D. Roosevelt signed it into law. It is funded by a payroll tax paid by both employers and employees. But analysts estimate that due to the rising number of retirees and the shrinking number of workers, SSA will no longer be able to pay recipients in full as early as 2034. It is Congress’s responsibility to make changes to ensure recipients do not see a decrease in payments.