Terms of Use

Educational purpose only

PensionMath provides retirement calculators, articles, and related content for educational and informational purposes only. Nothing on this site constitutes financial advice, tax advice, legal advice, or any other professional advice. No use of this site creates an adviser-client, attorney-client, or any other professional relationship between you and PensionMath.

You should not make any retirement, investment, tax, or financial decision based solely on results from this site. Before making any such decision, consult a qualified professional (a fee-only fiduciary financial adviser, a CPA, or an attorney) who can review your complete personal and financial situation.

Calculators are estimates, not guarantees

The calculators on this site use publicly available formulas, IRS published segment rates, statutory benefit rules, and other data to produce estimates. These estimates are approximations. They may differ from the actual benefit you receive from your plan, employer, or government agency for any number of reasons, including plan-specific provisions, administrative interpretation, rounding, legislative changes, or data errors on our end.

Specifically: pension lump sum calculators use IRS 417(e) segment rates but your plan may use different lookback periods, blended rates, or plan-specific mortality tables. FERS and CSRS calculators use statutory formulas but OPM applies additional rules at retirement that may change your result. Social Security calculators use approximations of SSA's benefit formula. IRMAA and Medicare figures depend on CMS publications that change annually. All figures should be verified directly with your plan administrator, employer, or the relevant government agency before you act on them.

The site may contain errors

We work to keep information current and accurate. We verify data against primary sources: IRS publications, CMS fact sheets, OPM regulations, PBGC tables, and statutory text. We update content when we find mistakes or when rules change.

Despite these efforts, the site may contain errors. Figures may be out of date. Formulas may not account for all edge cases. Articles may describe rules as they existed at the time of writing but not reflect subsequent changes. We cannot guarantee that any particular piece of information is correct at the moment you read it.

If you find an error (a wrong figure, a stale data point, a formula that produces a clearly wrong result), please report it using the contact form. We take accuracy seriously and fix confirmed errors promptly.

Disclaimer of warranties and limitation of liability

You use this site and its calculators at your own risk. PensionMath makes no warranty, express or implied, regarding the accuracy, completeness, reliability, or fitness for any particular purpose of any content, calculator, or result. The site is provided "as is."

To the maximum extent permitted by applicable law, PensionMath and its operators will not be liable for any indirect, incidental, consequential, or special damages arising from your use of or reliance on any content, calculator output, or information on this site, even if we were advised of the possibility of such damages.

In no event will PensionMath's total liability to you for any claim arising from use of this site exceed fifty dollars ($50.00), regardless of the legal theory asserted. This cap reflects the free, educational nature of the service.

Acceptable use

You may use this site for personal, non-commercial purposes only. You may not:

• Scrape, crawl, index, or extract content using automated means without written permission
• Use any content, calculator logic, formulas, or outputs to build a competing product or service
• Attempt to reverse engineer any calculator or underlying logic
• Reproduce or distribute content in bulk without written permission
• Use the site in any way that violates applicable law

All content on this site (articles, calculator implementations, formulas as written, design, and text) is owned by PensionMath and protected by US copyright law. You may share links and quote brief excerpts with attribution, but may not reproduce or distribute content in bulk without written permission.

Email and communications

If you subscribe to email alerts, each message we send includes an unsubscribe link. Clicking it removes you from future mailings within 10 business days. You can also unsubscribe through the contact page. We do not send commercial email to anyone who has not opted in, and we do not sell or share your email address with third parties.

Legislative and regulatory changes

Retirement law changes frequently. Contribution limits, benefit formulas, IRMAA thresholds, segment rates, and penalty exceptions are updated by Congress and federal agencies on a regular schedule. The Social Security Fairness Act of 2025, for example, repealed the Windfall Elimination Provision and Government Pension Offset effective January 5, 2025. Content written before that date may reflect the prior rules.

We update calculators and articles when material changes occur, but there may be a lag between when a rule changes and when our content reflects that change. Always verify current rules with the applicable agency (IRS, SSA, CMS, OPM, PBGC) or a qualified professional. PensionMath makes no representation that government-sourced data (IRS segment rates, IRMAA thresholds, Social Security benefit factors, Medicare premiums) is current at the time you access it.

Third-party links and advertising

This site may reference or link to external websites, government agencies, and third-party resources. We do not control those sites and are not responsible for their content or accuracy. A link is not an endorsement.

This site displays ads served by Google AdSense. Google may use cookies and similar tracking technologies to serve ads based on your browsing activity. This is governed by Google's advertising policies and Privacy Policy, not ours. See our Privacy Policy for details on what data is collected and how to opt out.

SEPP, inherited IRA, and high-stakes calculators

Some calculators on this site involve rules where an error carries serious financial consequences. Substantially Equal Periodic Payment (72(t)/SEPP) calculations are one example: if a SEPP distribution schedule is later determined to be non-compliant, the IRS recaptures the 10% early withdrawal penalty on every prior distribution in the series, plus interest. Inherited IRA required minimum distribution calculations are another: SECURE 2.0 and subsequent IRS guidance significantly changed the rules, and the correct distribution schedule depends on the relationship to the decedent, the decedent's age at death, and whether the decedent had begun required minimum distributions.

Results from these calculators are estimates based on publicly available rules and should not be used as the basis for any actual distribution without review by a CPA or tax attorney familiar with your specific situation. PensionMath expressly disclaims liability for any tax penalty, interest, or assessment arising from reliance on any calculator result for SEPP, inherited IRA RMD, or similarly complex tax-regulated decisions.

Intellectual property

All content on this site (articles, calculator implementations, formulas as written, design, graphics, and text) is owned by PensionMath and protected under US copyright law. The name PensionMath and any associated marks are the property of the site owner. You may share links and quote brief excerpts with attribution. You may not reproduce or distribute content in bulk, incorporate it into other products, or use it to train machine learning models without written permission.

Indemnification

You agree to indemnify and hold harmless PensionMath and its operators from any claim, demand, loss, liability, or expense (including reasonable attorneys' fees) arising out of your use of this site, your violation of these terms, or your reliance on any calculator result, article, or other content in a manner inconsistent with the disclaimers stated here. This includes any claim by a third party to whom you conveyed a result from this site.

Governing law

These terms are governed by the laws of the State of Delaware, without regard to conflict-of-law principles. Any dispute arising from your use of this site will be resolved exclusively in the state or federal courts located in Delaware, and you consent to personal jurisdiction there. If any provision of these terms is found unenforceable, the remaining provisions remain in effect.

Changes to these terms

We may update these terms at any time. For material changes, we will post a notice on the homepage for at least 30 days before the revised terms take effect. If you have subscribed to email alerts, we will also notify you by email. Continued use of the site after any update constitutes acceptance of the revised terms.

Contact

Questions about these terms, reports of errors, or requests regarding your data can be sent through the contact page. We respond to all substantive inquiries.