The second round of February’s Social Security payments, worth up to $5,108 for the highest-income earners and those who retired at the latest age, will go out to the next group of retirees in three days.

Social Security payments begin on the second Wednesday of every month, followed by two other waves of payments. The distribution of payments depends on which day of the month a retiree was born.

Beneficiaries born between the 11th and 20th of a month will receive their checks Wednesday. Those born on or after the 21st of a month will receive their payments on Feb. 26.

The amount one receives each month primarily depends on a recipient’s retirement age. Retiring at the youngest age, 62, allows up to $2,831 per month. Delaying retirement until age 70 can give one up to $5,108 per month.

The time of retirement, the amount paid into Social Security, and the number of years paid into Social Security all affect how much beneficiaries receive.

Beneficiaries can access a personalized estimate of how much they can expect each month through the SSA’s calculator.

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Social Security is financed by a payroll tax paid by employers and employees.

Social Security payment amounts are set to decrease unless Congress takes action to prevent it. Experts believe the Social Security Administration will no longer be able to give out full payments to recipients as early as 2034 due to a rising number of retirees and a shrinking number of workers.