Here's how different salaries can drastically raise or lower your Social Security benefits

The average Social Security benefit is around $1,544.

With inflation on the rise, retirees are expected to get as much as a 6% cost-of-living increase in their 2022 checks to shore up their budgets.

The size of your payment, however, will be based on income from your working years, when you were born and the age when you decide to start receiving benefits.

Luckily, CNBC did the math for a wide range of salaries, and we can estimate future benefits if you make between $30,000 and $100,000 per year.

Remember: Social Security generally was not envisioned as your sole source of money for retirement, and the totals are always changing.

Watch this video for a breakdown of how much you will get and how your monthly benefit will be calculated based on multiple different salaries.

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[donaldmark]

People are complaining about employee wages and this is the more reasons to start your own business. Even if its something small, make yourself your own ceo...

Nevertheless Investments are easiest means to accumulate money .

[SarahOlivera-tz]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[riderfast]

Experts says you now need $2 million to retire, good luck to all

[springsunshine]

Sounds like she doesn't know what she is talking about. This is wrong.

[gailthornberry]

What about a disabled person who gets survivor benefits never worked

[billpasaki]

My Federal welfare check, SS, will only be $4, 100 at 70. Is there a way I can get more?