Federal Pension Calculator

The Federal Pension Calculator helps users estimate their retirement benefits, calculate service years, retirement age, and potential pension amounts, while considering different retirement systems and eligibility criteria.

Use Our Federal Pension Calculator

How to Use the Federal Pension Calculator

Step 1: Enter Your Basic Information

Begin by providing your personal details which are essential for the pension calculation.

  • Date of Birth: Enter your date of birth. Note that this is a required field, and you must not be born after January 1, 2006.

Step 2: Add Employment Details

Next, input your federal employment start and planned retirement dates.

  • Service Start Date: Enter the date when you began your federal service. This date cannot be after December 31, 2024.
  • Planned Retirement Date: Specify the date you plan to retire. This must be a future date, not earlier than January 1, 2024.

Step 3: Select Your Pension System

Select the retirement system under which you are covered. This selection is mandatory.

  • Retirement System: Choose between “FERS (Federal Employees Retirement System)” and “CSRS (Civil Service Retirement System)”.

Step 4: Enter Financial Details

Provide financial information necessary for calculating your pension.

  • High-3 Average Salary ($): Enter your highest 3-year average salary. The input must be between $1,000 and $500,000.
  • Military Service Years (if applicable): If you have military service, enter those years. This field is optional and can range from 0 to 40 years, with increments of 0.5.

Step 5: View Your Results

After entering all the necessary details, the calculator will compute the following:

  • Total Years of Service: Automatically calculated using your service start and planned retirement dates, including any military service.
  • Retirement Age: The calculator determines your age at the planned retirement date based on your birth date.
  • Pension Multiplier: Based on your total years of service and selected retirement system, the multiplier is applied as per the rules of FERS or CSRS.
  • Annual Pension Amount: This is derived from multiplying your high-3 salary, pension multiplier, and total years of service.
  • Monthly Pension Amount: This is your annual pension divided by 12.
  • Social Security Eligibility: Indicates whether you are eligible for Social Security benefits under the FERS or CSRS system.

Review all the results to understand your pension benefits and ensure the information you entered is accurate. Adjust any inputs if necessary to explore different scenarios.