Social Security benefits are a financial lifeline for millions of older Americans, including those approaching retirement. For 64-year-olds in 2025, understanding payment dates, eligibility rules, and strategies to maximize benefits is critical to ensure financial security during retirement.
If you’re expecting the $1,425.42 Social Security payment this May, here’s everything you need to know—based on the latest updates from the Social Security Administration (SSA).
May 2025 Social Security Payment Schedule
The SSA schedules retirement payments based on the beneficiary’s birth date. For May 2025, here are the payment dates:
| Birth Date Range | Payment Date |
|---|---|
| 1st – 10th of the month | May 14, 2025 (Wed) |
| 11th – 20th of the month | May 21, 2025 (Wed) |
| 21st – 31st of the month | May 28, 2025 (Wed) |
| Pre-May 1997 Beneficiaries | May 2, 2025 (Friday)* |
Note: Payments for those on SSI or benefits before May 1997 are issued earlier to avoid weekend delays (May 3 is Saturday).
How Much Will 64-Year-Olds Receive?
The average Social Security benefit for retirees in 2025 is $1,425.42 per month. However, the exact amount depends on several factors:
- Your earnings history
- The age you begin collecting benefits
- Whether you’ve reached your Full Retirement Age (FRA)
Eligibility Criteria for 64-Year-Olds
To receive the $1,425.42 Social Security retirement payment at age 64, you must meet these basic conditions:
1. Work Credit Requirement
- You need at least 40 work credits, equivalent to 10 years of work in the U.S.
- In 2025, you earn 1 credit for every $1,640 in income (max 4 credits/year)
2. Application Status
- Benefits are not automatic; you must file an application with the SSA.
3. Age Consideration
- Full Retirement Age for those born in 1958 is 66 years and 10 months
- At 64, you’re filing early, meaning your benefits are reduced—up to 20–25% depending on your start age.
Tips to Maximize Your Social Security Benefits
Making the right decision on when and how to claim can significantly affect your retirement income. Here are key strategies:
1. Delay Benefits if Possible
- Delaying beyond your FRA increases your monthly benefit by up to 8% per year until age 70.
2. Review Spousal or Survivor Benefits
- Married, divorced, or widowed individuals may be eligible for spousal benefits that could exceed your own entitlement.
3. Check Your SSA Earnings Record
- Log in to your MySSA account to verify your recorded earnings. Errors can reduce your benefits.
4. Use the SSA Estimator Tool
- The Social Security Retirement Estimator provides a personalized benefit estimate based on your earnings record.
5. Consider Medicare Enrollment
- At age 64, you’re one year from automatic Medicare enrollment (65). Coordinating Medicare and Social Security can help avoid penalties or higher premiums.
For 64-year-olds, the $1,425.42 Social Security payment this May 2025 offers critical income support—but it’s essential to understand the payment schedule, eligibility, and benefit reduction risks if you retire early.
Planning now and using SSA tools like the MySSA portal, earnings calculator, and spousal benefits checker can help you maximize your monthly income throughout retirement.
Be proactive, informed, and strategic to make the most of your Social Security benefits in 2025 and beyond.
FAQs
When will my Social Security payment be deposited in May 2025?
Payments are based on birthdate: May 14 (1st–10th), May 21 (11th–20th), or May 28 (21st–31st). Earlier for pre-May 1997 recipients.
How much will 64-year-olds receive in Social Security this May?
The average benefit is $1,425.42, but your actual payment may vary based on work history and claim age.
Can I increase my benefits if I’m already 64?
Yes. Delaying your claim, continuing to work, and ensuring your earnings are reported correctly can increase your future payments.