Social Security Cola 2024 Estimate Calculator. Bureau of labor statistics (bls) releases september’s inflation report on oct. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

Starting in january, the average monthly social security retirement benefit will rise by $59, from approximately $1,848 to $1,907, according to the ssa. 12, 2023, the ssa will have the final piece of the puzzle required.