The Social Security Administration projects that the trust fund it relies on to pay retirement benefits may run out in 2032, just six years away. Barring action from Congress to shore up the. Social Security at Risk for Cuts by 2032, Unless Congress Acts The trust fund for the program, which supports roughly 68 million Americans, is on schedule to be depleted in the next six years. A Social Security trust fund used to pay retirement benefits may run out in late 2032, three months earlier than what had been projected last June, according to the new Social Security. The millions of Americans who rely on Social Security could see their monthly benefit checks slashed by an average of about $500 if the program's retirement trust fund becomes insolvent, a. Unless Congress acts, 1 in 5 Americans who receive Social Security could see an across-the-board benefit cut of roughly 22% starting in 2032. The 2026 trustees report projects the Social Security retirement trust fund could run short in 2032, paying about 78% of scheduled benefits. What that means and what you can do. A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that. Social Security trust to dry up in 2032, trustees predict. Voters are demanding candidates detail how they'll stop future benefit cuts, polls show. Social Security’s retirement trust fund is projected to face a funding shortfall in 2032, a year earlier than previously expected. Social Security's retirement trust fund - which helps support payments to senior citizens and survivors of deceased workers - is expected to be exhausted in late 2032, which is one quarter earlier.