The second of May's three Social Security payments, worth up to $4,555, will be sent to recipients in just two days, according to the Social Security Administration's schedule.

The retirement benefits are issued in waves of three, and people receive them depending on when they were born. The first round of payments, for those born between the 1st and 10th of a month, was issued on the second Wednesday of the month, May 10. The second round, for those born between the 11th and 20th of a month, will be sent out on Wednesday, May 17.

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The final wave, for those born between the 21st and 31st of a month, will go out on May 24.

The amount recipients get is determined by when they retired. The longer someone waits to retire, the more they will get.

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The highest amount is received by those who retired at 70. They get checks for $4,555. Those who retired eight years earlier, at 62, get only a $2,364 maximum, according to the SSA.

Those totals will shrink come 2034 unless Congress takes some action to prevent it. Analysts estimate that the SSA 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.