First Round of May Social Security Payments Set for May 13 to Retirees Born After 10th

The first round of May Social Security payments for retirees, capped at $5,181, will be issued in 14 days from April 29, 2026. Retirees born on or after the 10th of a month will receive the first round of May Social Security payments on May 13, 2026. The second round of May Social Security payments will go out on May 20, 2026, to those born between the 11th and 20th of a month.

Citizens are eligible for Social Security payments beginning at 62 years old. Social Security payment amounts are determined by age of retirement, the amount paid into Social Security, and the number of years paid into Social Security.

A beneficiary retiring at the youngest age could receive up to $2,969 per month, according to the Social Security Administration. Beneficiaries can see a personalized estimate of monthly Social Security payments using the SSA’s calculator.

Social Security is financed by a payroll tax paid for by employers and employees. Analysts estimate the SSA will no longer be able to issue full payments as early as 2034, due to a rising number of retirees and a shrinking workforce, Washington Examiner reported.