Pension & Retirement Calculators

FERS Retirement Calculator

Federal Employees Retirement System pension, MRA+10 early reduction, VERA scenarios, and the FERS supplement.

FERS Supplement Calculator

The bridge supplement from FERS retirement to age 62. Includes the earnings test reduction.

CSRS Retirement Calculator

Civil Service Retirement System benefit under the 1.5% / 1.75% / 2% tiered formula with sick leave credit.

FERS vs CSRS Comparison

Side-by-side lifetime income comparison for federal employees who have service under both systems.

TSP Calculator

Thrift Savings Plan growth projection with contribution matching, fund allocation, and withdrawal modeling.

TSP vs IRA Comparison

Keep the TSP or roll to an IRA at retirement? Fee comparison, fund access, creditor protection.

FEHB Cost in Retirement

Federal employee health benefit premium cost in retirement. Compare plan types and government contribution.

FEGLI Life Insurance Calculator

Federal Employees Group Life Insurance cost vs. coverage analysis. Compare keeping FEGLI vs. private term life.

Survivor Benefit Calculator

FERS and CSRS survivor annuity cost vs. benefit. What your spouse receives and what the election costs monthly.

Military Retirement Calculator

Legacy High-3 vs. Blended Retirement System. Compare lifetime pension, TSP match, and continuation pay.

Social Security Break-Even Calculator

At what age does waiting to claim pay off? Compare 62 vs. full retirement age vs. 70 side by side.

Earnings Test Calculator

How much Social Security gets withheld if you claim before full retirement age while still earning wages.

WEP Calculator

Windfall Elimination Provision, eliminated January 5, 2025. Calculate the reduction that applied and the updated benefit.

GPO Calculator

Government Pension Offset, eliminated January 5, 2025. Calculate spousal or survivor SS benefit after the change.

Texas TRS

2.3% formula, Rule of 80 eligibility. Covers Tier 1 and Tier 2 with early retirement reduction.

Florida FRS

Regular 1.60%, Special Risk 3.00%, Investment Plan option. DROP accumulation calculator included.

Georgia TRS

2% formula, Rule of 30 eligibility, 7%/year early retirement reduction.

North Carolina TSERS

1.82% formula, Rule of 90 eligibility (min age 60), 0.5%/month early reduction.

South Carolina TRS

1.82% formula for Class One and Class Two. Rule of 90 with minimum age 60 for Class Two.

Virginia VRS

Plan 1 (1.7%), Plan 2 (1.65%), and Hybrid (1.0% DB + DC). Three-tier eligibility rules.

Tennessee TCRS

Legacy Plan (1.575%) and Hybrid DB (1.0%). Rule of 90 with DC accumulation for Hybrid members.

Kentucky TRS

2.0% formula for Tier 1 and Tier 2. Tier 2 early retirement at 55–59 with 0.5%/month reduction.

Maryland TRS (MSRPS)

1.8% formula, three full-retirement paths, 70% cap, CPI COLA on first $33,000.

Mississippi PERS

2% formula with 25-year vesting. COLA provisions and Rule of 80 retirement eligibility.

West Virginia PERS

2% accrual rate, age 60 with 5 years or Rule of 80. Early retirement reduction provisions.

Rhode Island ERS

Hybrid plan: DB formula plus DC component. Retirement age based on Social Security FRA.

New York TRS (NYSTRS)

Tier 4 and Tier 6 calculators. Tiered 1.67% / 2.0% / 1.5% accrual with early retirement reduction.

Massachusetts MTRS

2.5% Group 1 formula, 80% cap, three eligibility paths, COLA capped at $390/year.

Pennsylvania PSERS

Class T-E and T-F tiers with 2.0% and 2.5% multipliers. Shared risk reduction provisions.

New Jersey PERS

1.67% Tier 1, 1.82% Tier 2, and Tier 5 formulas. Retirement age varies 60–65 by tier.

Illinois TRS

2.2% formula with 75% cap. Tier 1 and Tier 2 eligibility rules with COLA projections.

Ohio STRS

2.2% formula with 35-year service cap. 3-year and 5-year final average salary comparison.

Michigan MPSERS

MIP (1.5%), Pension Plus (1.5%), Pension Plus 2 (1.25%). No COLA provision.

Minnesota TRA

1.9% Tier 2 formula, Rule of 90 (min age 62), 1% automatic COLA.

Wisconsin WRS

1.6% general, 1.9% protective. Rule of 87 at age 57 with money purchase benefit comparison.

Iowa IPERS

Tiered multiplier (1.5% to 2.0%) by years of service. Rule of 88 and age 65 eligibility paths.

Indiana INPRS

1.1% DB formula plus ASA defined contribution component. Age 65 or Rule of 85 eligibility.

Missouri MOSERS

1.6% MSEP, 1.7% MSEP 2000, or 1.7% MSEP 2011. Rule of 80 and age 62 retirement paths.

Nebraska NPERS

1.4% School plan multiplier. Age 65 or age 55 with 30 years eligibility, 3-year FAS.

Kansas KPERS

Tier 1 (1.75%), Tier 2 (1.85%), Tier 3 cash balance. Age 65 or Rule of 85 retirement.

CalPERS

Classic 2%@55, PEPRA 2%@62, Safety 2%@50, Local 2.7%@55. Four formula tables with age factors.

CalSTRS

2%@60 and 2%@62 formulas, career factor at 30+ years, and survivor benefit reduction options.

Colorado PERA

PERA formula with service credit, PERA-specific COLA, and early retirement reduction.

Washington DRS

PERS 2, PERS 3, and TRS 2 plans. 2-year high FAS with early retirement at 55/20 years.

Oregon PERS

Full Formula (1.67%), Money Match, and Final Average Salary methods. PERS picks the highest.

Arizona ASRS

Age-graded benefit factor table (2.10% at 50 through 2.50% at 59+). Rule of 80 and Rule of 90 tiers.

Utah URS

Tier 1 (1.25%/year) and Tier 2 hybrid. Age 65 or age 62 with 20 years eligibility.

Nevada PERS

2.5% general, 2.67% police/fire. Age 65 with 5 years or age 60 with 10 years eligibility.

New Mexico PERA

3.0% State general multiplier. Rule of 80 eligibility, 3-year FAS, age 65 minimum.

Idaho PERSI

2.0% base plan multiplier. Age 65 or Rule of 90 (min age 55) retirement eligibility.

Montana MPERA

1.785% PERS formula. Age 60 with 5 years or age 55 with 30 years unreduced retirement.

Alaska PERS

2% formula for Tiers I–III. Age 60 or age 55 with 30 years eligibility. Alaska COLA supplement at 65.

Hawaii ERS

1.75% Tier 1, 1.75% Tier 2 formula. Age 62 or age 55 with 30 years of service.

Wyoming PERS

2.125% formula. Age 65 or Rule of 85 (age 55 minimum) retirement eligibility.

South Dakota SDRS

1.55% Rule of 85 eligible, 1.3% standard. No COLA; one of the few plans with no inflation adjustment.

North Dakota NDPERS

2.0% DB formula. Age 65 or Rule of 85 (age 55 min). Includes COLA provisions.

New Hampshire PERS

1.5%–2.0% Group I formula by years of service. Age 60 or age 65 eligibility paths.

Vermont VSERS

1.67% Group C formula. Age 65 or age 55 with 30 years. 3-year FAS average.

Oklahoma TRS

2% formula. Age 62 or Rule of 90 (age 60 min). 3-year FAS, 100% cap.

Louisiana LASERS

3.5% Regular Plan multiplier. Age 60 with 10 years or age 65 with 3 years eligibility.

Lump Sum vs. Annuity

Side-by-side: invest the lump sum at X% vs. keep the monthly annuity. Break-even age and 20/30-year totals.

Pension Buyout Evaluator

Should you accept the buyout offer? PV analysis, 4% rule comparison, break-even age, opportunity cost.

GM Pension Calculator

General Motors salaried pension: IRS 417(e) PV, segment rate sensitivity, PBGC flag at $7,790/month.

Ford Pension Calculator

Ford Motor Company pension with insurer risk transfer toggle. The 2023 $2B transfer affects PBGC coverage.

Lockheed Martin Pension Calculator

Statement amount or SERP formula estimator. Group annuity purchase risk transfer history and PBGC coverage.

DROP Calculator

Deferred Retirement Option Plans: model your lump sum accumulation and compare DROP vs. immediate retirement.

Boeing Pension Calculator

Boeing salaried pension present value, lump sum vs annuity, PBGC limits, and break-even age.

IBM Pension Calculator

IBM Personal Pension Account cash balance, 2023 Prudential risk transfer, lump sum vs annuity, IRS segment rates.

Raytheon / RTX Pension Calculator

Legacy Raytheon, UTC, Pratt & Whitney, Collins Aerospace pension. Lump sum vs annuity with IRS segment rates.

UPS Pension Calculator

UPS management DB plan or Teamsters multiemployer plan. Lump sum vs annuity, PBGC single-employer and multiemployer limits.

Verizon Pension Calculator

2012 Prudential and 2024 Prudential/RGA risk transfers, lump sum vs annuity, IRS segment rates, PBGC limits.

QDRO Calculator

Pension division in divorce. Calculate the present value of a shared payment order or offset approach.

RMD Calculator

Required Minimum Distributions from IRAs, 401(k)s, and the TSP. Uses the IRS Uniform Lifetime Table.

Inherited IRA Calculator

10-year rule distributions for non-spouse beneficiaries. Model annual withdrawals to avoid the year-10 tax spike.

Backdoor Roth IRA Calculator

Pro-rata rule calculation for high earners converting non-deductible IRA contributions to Roth.

SEPP / 72(t) Calculator

Substantially equal periodic payments: compare all three IRS-approved methods to access funds before 59½.

NUA Calculator

Net Unrealized Appreciation: when does distributing company stock from a 401(k) beat rolling it to an IRA?

403(b) Calculator

Teachers, hospital workers, and nonprofit employees: model 403(b) growth, employer match, and retirement income.

457(b) Calculator

Deferred compensation for government employees. No 10% early withdrawal penalty, a major 401(k) difference.

403(b) vs. 457(b) Comparison

Side-by-side growth, tax treatment, and withdrawal flexibility. Which one wins for public school employees?

IRMAA Calculator

Medicare Part B and Part D premium surcharges based on your modified adjusted gross income from two years prior.

Retirement Number Calculator

How much do you need to retire? 4% rule + pension and Social Security offset. On-track banner with surplus/shortfall.

How Long Will My Money Last?

Portfolio, withdrawal amount, and guaranteed income. Shows years until depletion, safe withdrawal, and year-by-year table.

FIRE Calculator

Financial Independence Retire Early with pension income in the model. FIRE number, years to FI, and coast FI analysis.

Pension vs. 401(k)

What 401(k) balance equals your pension in lifetime income? Equivalent balance calculation and 20/30-year comparison.

COLA Sensitivity Calculator

How a 0%, 2%, or 3% annual COLA changes your pension's real purchasing power over 20 years.

Pension Income Tax Calculator

Federal and state tax on pension income. All 50 states with 2026 exemption rules, standard deductions, and bracket math.