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About the Pension Calculator
The Pension Calculator estimates the pension income you can expect at retirement. It converts your plan details into a projected annual and monthly benefit. The result helps you see how your service years and salary shape retirement income.
The tool uses the standard defined benefit formula: years of service times final average salary times the plan accrual rate. You enter your current age, planned retirement age, years of service, average final salary, and your plan's multiplier. Some calculations also apply an inflation or cost-of-living adjustment. Look up the exact accrual rate in your plan documents before you start, and consider a financial professional for major decisions.
- Enter your current age and planned retirement age.
- Add your years of service, average final salary, and accrual rate.
- Read the projected annual and monthly pension income.