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Where to See How Much Your Social Security COLA Increase Amount Is for 2023

Want to know how much your cost of living adjustment will be next year? Here's where to find it.

Social Security card among $100 bills
Along with checking your benefits, you can also update your info or request a new Social Security card.
JJ Gouin/GettyImages

You're probably excited to see how much your Social Security cost of living adjustment will be. The adjustment starts in January 2023, but you can check how much it'll be in December. When and how you find out will depend on whether you created an online My Social Security account by Nov. 15. If you did, you'll be able to see how much your increase is much sooner. If not, you can still sign up to access other benefits information.

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A My Social Security account will show you your current or expected future benefits, based on your expected retirement age and your work history. You can also get documents for filing your taxes, request a benefit verification letter or change your mailing address and other personal information.

Here's how to access your Social Security benefits online, and what sort of information and features you'll be able to access with your My Social Security account. If you receive benefits now, here's the Social Security payment schedule for November. Also, Supplemental Security Income recipients will get their first increased check in December.

Create a My Social Security account

To see all of your Social Security benefits online, you'll first need to create a My Social Security account. Here's what to do.

1. Go to ssa.gov on your browser and select my Social Security.

2. Next, click Create an Account.

3. You'll be prompted to sign in with your ID.me account or login.gov account unless you created an account before Sept. 18, 2021. Note that you'll need to create one of those accounts if you don't have one.

4. Once you have an account, you'll need to agree to the terms of service to continue.

5. Next, you'll need to verify your identity. The Social Security Administration will send a one-time security code to your email that you'll need to enter within 10 minutes to continue to your account.

You should now have access to all of your Social Security statements and other details online.

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Social Security information you can see online

When you sign in to your online account, you'll be able to view your Social Security statements. If you don't yet receive benefits, you'll see an estimate of the amount you could receive when you do retire. 

There's a table that shows your monthly benefit amounts if you retire -- for instance, if you were born in 1960 or later, your chart may show retirement at 62 years old (early), 67 years old (full) and 70 years old (delayed). Note that these retirement ages may change in the future. The longer you wait to retire, the more money you could receive per month.

You can also see your eligibility and earnings information. If you've worked at least 10 years, you'll have enough work credits -- you need 40 -- to receive benefits. If you click on Review your Earnings Record, you'll see your taxed Social Security and Medicare earnings for each year you worked. 

When can I see my cost of living adjustment for 2023?

As long as you set up your My Social Security account online by Nov. 15, you'll be able to see how much your benefits will be increased, Acting Commissioner of the Social Security Administration Kilolo Kijakazi said. In early December, you'll log in to your My Social Security account and check the message center to see your new 2023 benefit amount. 

If you don't sign up for a My Social Security account, you'll receive a COLA notice in the mail in December.

Note that your higher Social Security payment will take effect in January 2023. If you're a Supplemental Security Income beneficiary, your first increased payment will be on Dec. 30.

What else can you do with a My Social Security account?

There are several things you can do from your My Social Security account. 

  • Request a Social Security card replacement.
  • Start your retirement application.
  • Start a disability application, if you're unable to work for one year or more due to a medical condition.
  • Calculate benefits for a current or former spouse, based on your earnings record. 
  • Check the status of your retirement or disability application.
  • Request a Benefit Verification letter showing your payments or lack thereof.
  • Report your wages if you work and get Social Security Disability Insurance.

Want more Social Security information? Here's how to know if it's safe to share your Social Security number