The start of February’s Social Security payments, worth up to $4,873 for top earners who retire at 70, will go out to the first group of retirees in 16 days.

Retired seniors born on or between the 1st and 10th of their birth month should receive their payment for February on Wednesday, Feb. 14, according to the Social Security Administration’s calendar. Retirees born on or after the 11th of their birth month should receive their payments in one of two later disbursements.

There are three waves of payments each month that go out a week apart, on the second, third, and fourth Wednesday of the month. The other two payments in February will be released on Feb. 21 and Feb. 28. Each recipient only gets one check.

The amount each person receives varies based on age at the time of retirement, the amount he or she paid into Social Security, and the number of years he or she paid into the program. However, the age at which recipients retire is the biggest factor in determining the maximum amount they receive.

The highest amount a senior who retires at 70 can get, for example, is $4,873 per month. The youngest age of retirement is 62, and those who retire at 62 can only receive up to $2,710 a month. If people retire at the full retirement age of 67, their maximum benefit is $3,822 per month, according to the SSA.

Not every recipient will get the highest amount, and a personalized estimate of what he or she can expect each month can be found through the SSA’s calculator.

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The 2024 payments should include a 3.2% increase compared to the monthly payments last year. The boost is part of the annual cost-of-living adjustment, which was announced in October.

The totals sent out could shrink unless Congress takes action to prevent it. Analysts estimate the SSA will no longer be able to give full payments to recipients in about 10 years due to a rising number of retirees and a declining number of workers.