In November 2025, the average monthly Social Security benefit among retired workers was $2,013.32. This average benefit should increase in 2026 with a 2.8% cost-of-living adjustment. However, Medicare Part B costs are also rising, affecting seniors who pay premiums out of their Social Security benefits.

If you’re considering retiring in 2026 with only Social Security income, you may receive around $24,000 per year, which might not be sufficient. Delaying retirement to build a small nest egg or working part-time to supplement your income could be beneficial. You can earn wages while collecting Social Security without penalties.

It’s essential to plan for unexpected expenses in retirement, especially if relying solely on Social Security. Building a small IRA or working part-time can provide financial flexibility. Maximizing Social Security benefits and seeking additional income sources are crucial for a secure retirement in 2026.

Read more at Yahoo Finance: Retiring on Social Security Alone in 2026? Here’s the Monthly Income You May Be Looking At.