Is there a minimum benefit amount that I will be entitled to receive for Social Security Retirement?
No, unlike the SSI (supplemental security income) program which is need-based and provides a standard benefit amount, social security retirement provides a monthly benefit, for those who qualify, based on the following:
1. The reported lifetime earnings of a social security number holder;
2. The month in which the individual chooses to begin receiving their social security retirement benefits.
Additional Social Security Retirement Questions