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 agency matching, a Traditional and Roth split, and estimated monthly income.

TSP vs IRA Comparison

Keep the TSP or roll to an IRA at retirement? Expense ratios, G Fund access and early withdrawal rules.

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.

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Windfall Elimination Provision, repealed by the Social Security Fairness Act (signed January 5, 2025) for benefits payable from January 2024. Calculate the reduction that applied and the updated benefit.

GPO Calculator

Government Pension Offset, repealed by the Social Security Fairness Act (signed January 5, 2025) for benefits payable from January 2024. Calculate spousal or survivor SS benefit after the change.

Survivor Benefit Calculator

Social Security survivor benefits for widows and widowers. Compare four claiming strategies, break-even ages and lifetime value through 85.

Texas TRS

2.3% formula across all six tiers, Rule of 80 with tier-based minimum ages, and early retirement reductions.

Florida FRS

Regular class 1.60% to 1.68% by age and service, Special Risk 3.00%. DROP accumulation up to 96 months.

Georgia TRS

2% formula on the highest 2 years. Unreduced at 60 with 10 years or at 30 years, otherwise a 7% a year early reduction.

North Carolina TSERS

1.82% formula on the 4 highest years. Unreduced at 65 with 5 years, 60 with 25, or 30 years at any age.

South Carolina TRS

1.82% formula for Class Two and Class Three. Unreduced at 65, at 28 years (Class Two) or Rule of 90 (Class Three).

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%, unreduced at 60 or 30 years) and Hybrid DB (1.0%, Rule of 90 or age 65).

Kentucky TRS

Factors from 1.7% to 3% by account type, TRS 1 to TRS 4. Reduced 5% or 6% a year under 60 or 27 years of service (30 for TRS 4).

Maryland TRS (MSRPS)

1.8% formula for service after June 1998 (1.2% before), or 1.5% under the Reformed plan. CPI COLA with caps of 1% to 3%.

Mississippi PERS

2% a year up to 25 or 30 years, 2.5% after (1% for Tier 5). Vested retirement at 60, or any age with 25 to 30 years. 3% COLA for Tiers 1-4.

West Virginia PERS

2% formula. Tier I unreduced at 60 with 5 years or Rule of 80 from 55, Tier II at 62 with 10 years. No automatic COLA.

Rhode Island ERS

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

New York TRS (NYSTRS)

Tier 4, 5 and 6 formulas from the NY retirement statute, with early retirement reductions. Confirm with NYSTRS.

Massachusetts MTRS

Age factors up to 2.5% a year, RetirementPlus, 80% cap. FY2027 COLA of 3% on the first $13,000, or $390 a year.

Pennsylvania PSERS

Classes T-E (2%), T-F (2.5%), and the T-G and T-H hybrids. Normal retirement at 65 or Rule of 92, 67 for T-G and T-H.

New Jersey PERS

Tiers 1-3 earn 1/55 of final average salary per year, Tiers 4-5 earn 1/60. Unreduced retirement at 60 to 65 depending on tier.

Illinois TRS

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

Ohio STRS

2.2% formula on the 5 highest years, 100% cap. Unreduced at 65 with 5 years or any age with 32 years.

Michigan MPSERS

1.5% formula for MIP, Pension Plus and Pension Plus 2, with 1.25% on some later MIP service. 3% simple increase for MIP only.

Minnesota TRA

1.9% Coordinated formula (1.7% before July 2006). Normal retirement at 65, Rule of 90 for pre-1989 members, increases of 1.1% to 1.5% a year.

Wisconsin WRS

1.6% general, 2.0% protective (higher rates before 2000). Normal retirement at 65 general, 53 or 54 protective, with caps of 65% to 85%.

Iowa IPERS

2% a year for the first 30 years, 1% for years 31-35, 65% maximum. Unreduced at 65, 62 with 20 years, or Rule of 88 from 55.

Indiana INPRS

1.1% pension formula on the 5 highest years. Unreduced at 65 with 10 years, 60 with 15, or Rule of 85 from 55.

Missouri MOSERS

1.6% MSEP, 1.7% MSEP 2000 and MSEP 2011. Rule of 80 (Rule of 90 for MSEP 2011) and normal ages from 60 to 67.

Nebraska NPERS

2% School plan formula. Age 65 or Rule of 85 from 55 (60 for Tier 4), 3- or 5-year average pay.

Kansas KPERS

Tier 1 at 1.75% (1.85% from 2014), Tier 2 at 1.85%, Tier 3 cash balance. Tier 1 unreduced at 65, 62 with 10 years, or Rule of 85.

CalPERS

Classic 2%@55 (State and Local), PEPRA 2%@62, Safety 2%@50, Local 2.7%@55. Five 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 and TRS Plan 2 at 2%, Plan 3 at 1% of the 60-month average. Normal retirement at 65, early from 55 with 20 years (10 for Plan 3).

Oregon PERS

OPSRP pension for members hired since August 29, 2003: 1.5% general service, 1.8% police and fire.

Arizona ASRS

Graded 2.1% to 2.3% multiplier by years of service. Rule of 80 for members who joined before July 2011, age-and-service paths after.

Utah URS

Tier 1 at 2% (unreduced at 65 or 30 years) and Tier 2 Hybrid at 1.5% (65 or 35 years).

Nevada PERS

Regular and Police/Fire members: 2.25% to 2.67% multipliers by hire date, a 75% cap, early retirement reductions and post-retirement increases.

New Mexico PERA

3.0% Tier 1 or 2.5% Tier 2 State General formula. Tier 1 age-and-service table or 25 years, Tier 2 at 65 or Rule of 85.

Idaho PERSI

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

Montana MPERA

1.5% to 2% PERS formula by hire date and service. Unreduced at 60 with 5 years or 30 years at any age if hired before July 2011, 65 for later hires.

Alaska PERS

Stepped 2%, 2.25% and 2.5% multipliers for Tiers I-III. Normal retirement at 55 or 60, or any age with 30 years. Alaska COLA of 10% or $50.

Hawaii ERS

Hybrid plan at 2% (joined before July 2012) or 1.75% (after), Noncontributory at 1.25%. Normal retirement from 55 to 65 by plan, earlier with 30 years.

Wyoming PERS

Tier 1 at 2.125% (2.25% after 15 years), Tier 2 at 2%. Full retirement at 60 (Tier 1) or 65 (Tier 2), or Rule of 85.

South Dakota SDRS

Foundation members earn 1.7% before July 2008 and 1.55% after, Generational members 1.8%. Rule of 85 for Foundation, COLA from 0% to 3.5%.

North Dakota NDPERS

2% multiplier (1.75% for 2020-2024 enrollees). Age 65, Rule of 85 for pre-2016 members, or Rule of 90 from 60.

New Hampshire PERS

Group I at 1/60 of average pay per year, 1/66 after Social Security full retirement age. Service retirement at 60 (hired before July 2011) or 65.

Vermont VSERS

1.67% a year for Group F (50% cap) and F* (60% cap). Normal retirement at 62 or 30 years for Group F, 65 or 87 points for F*.

Oklahoma TRS

2% formula. Age 62 or Rule of 80/90 for earlier members, age 65 or Rule of 90 from 60 for those joining after October 2011. 3- or 5-year FAS.

Louisiana LASERS

2.5% Regular member formula. Unreduced at any age with 30 years, 55 with 25, or 60 to 62 by hire date.

Lump Sum vs. Annuity

Side-by-side: invest the lump sum at X% vs. keep the monthly annuity. Implied IRR, break-even age and a 30-year comparison.

Pension Buyout Evaluator

Should you accept the buyout offer? IRS 417(e) value, 4% rule comparison, and the age the invested buyout runs out.

GM Pension Calculator

General Motors salaried pension: lump sum vs the IRS 417(e) minimum, whether GM or Prudential pays you, and the PBGC guarantee.

Ford Pension Calculator

Ford pension lump sum vs the IRS 417(e) minimum, the PBGC guarantee for your age and form, and the monthly pension comparison.

Lockheed Martin Pension Calculator

Statement amount estimator, Athene group annuity transfer history, lump sum vs the IRS 417(e) minimum, 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, and PBGC limits.

IBM Pension Calculator

IBM Personal Pension Account cash balance, 2022 and 2024 annuity transfers, lump sum vs annuity, IRS segment rates.

Raytheon / RTX Pension Calculator

Legacy Raytheon and UTC pension under RTX. 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 with and without the pension, years to FI, and the bridge period.

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.