Pension Calculator
Calculate your estimated pension benefit using common defined benefit formulas. Enter your years of service, final average salary, and benefit multiplier to project your monthly and annual pension income at retirement.
Inputs
$
%
Per year of service (typically 1.5-2.5%)
Number of highest-salary years averaged
%
%
Cost of living adjustment in retirement
Results
Monthly Pension
$5,996
Annual Pension
$71,954
Replacement Rate
58.5%
Lifetime Benefits
$2,304,704
Cumulative Pension Benefits
Annual Benefit with COLA
Retirement Income by Year
| Year | Annual Benefit | Cumulative |
|---|---|---|
| 1 | $71,953.88 | $71,953.88 |
| 2 | $73,392.96 | $145,346.84 |
| 3 | $74,860.82 | $220,207.65 |
| 4 | $76,358.03 | $296,565.69 |
| 5 | $77,885.19 | $374,450.88 |
| 6 | $79,442.90 | $453,893.78 |
| 7 | $81,031.76 | $534,925.54 |
| 8 | $82,652.39 | $617,577.93 |
| 9 | $84,305.44 | $701,883.37 |
| 10 | $85,991.55 | $787,874.91 |
| 11 | $87,711.38 | $875,586.29 |
| 12 | $89,465.61 | $965,051.90 |