The second round of January’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the second group of retirees on Wednesday, Jan. 15.

Beneficiaries will receive their Social Security check depending on when their birthday falls and the checks are sent out in three waves.

The second round of checks will be sent to people born between the 11th and 20th of their birth month on Jan. 15, and the final round will be sent on Jan. 22 to people born between the 21st and the end of their birth month.

The amount of Social Security benefits retirees receive depends on their age, the number of years they paid into the system, and the amount of money they paid to Social Security. The highest-income earners who retired at age 70 can expect to receive a maximum of $4,873 each month. Those who retire at age 62, the earliest one can begin collecting benefits, can collect a maximum of $2,710 each month.

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Beneficiaries can see a personalized estimate of how much they can expect each month through the Social Security Administration’s calculator.

The federal government has provided Social Security benefits to retirees since 1935. The program is financed by a payroll tax paid by employers and employees. However, analysts estimate 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. It is up to Congress to make changes to ensure recipients don’t see a dip in payments.