Adjust the inputs below. Results update as you type.
Annual pension = years of service × accrual rate × final (or average) salary. Example: 30 years × 2% × $80,000 = $48,000/year. COLA adjustments, survivor benefits, and early retirement reductions vary by plan. Social Security may be reduced if you also receive a government pension (WEP/GPO provisions). Request your pension plan's Summary Plan Description for exact formulas.
Hypothetical projection: monthly compounding, steady return, no fees, taxes, or inflation. Past performance does not predict future results.