Millions of retirees will receive their first Social Security check for August, worth up to $4,555 for people who delay their retirement until age 70, in two more days.

The first wave of three August payments will go out on Wednesday to people born between the first and the 10th of the month. A second round of payments will be sent a week later, on Aug. 16, for those born between the 11th and the 20th of the month.

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A final wave will be released on Aug. 23 to those born after the 21st.

A separate group, consisting of retirees who live outside of the United States, retirees who receive both Supplemental Security Income and Social Security benefits, and people who retired before 1997, got their payments on Thursday.

The maximum payment each retiree can receive differs. Some of the factors that affect how much each retiree receives include the age of the person's retirement, how long they have paid into Social Security, and how much money they pay into the program during those working years.

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Recipients who retire at the youngest retirement age of 62 get the lowest possible monthly installment, which is up to $2,572. People who retire at 67, considered the full retirement age, receive a maximum benefit of $3,627. Those who delay retirement until 70, the oldest age of retirement, get the highest maximum payment of up to $4,555 per month, according to the Social Security Administration.

The future of Social Security, including the amount of money beneficiaries will receive and how those disbursements will work, is uncertain. But experts have warned that future recipients could see a decrease in their payments starting in 2034 if Congress does not settle on funding for the program before the Social Security trust runs out. Those who are on Social Security right now would not be affected by the changes.