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Military Retirement Calculator

Calculate your military retirement benefits based on your service details and retirement plan.

Service Details

High-36: 2.5% multiplier × average of highest 36 months basic pay × years of service
20 years

Retirement Benefits

Monthly Retirement Pay: $3,750.00
Annual Retirement Pay: $45,000.00
Lifetime Value (20 yrs): $900,000.00
TSP Value at Retirement: $350,000.00
TSP Monthly Withdrawal: $1,458.33
Total Monthly Income: $5,208.33
Pension Replacement Ratio: 50%

Retirement Breakdown

Component Value Calculation

About Military Retirement

Military retirement benefits are a significant part of compensation for career service members. The system has evolved over time, with different plans available based on when you entered service.

Retirement Plans:

1. Final Pay (Pre-1980): 2.5% × final basic pay × years of service

2. High-36 (1980-2018): 2.5% × average of highest 36 months basic pay × years of service

3. Blended Retirement System (2018+): 2.0% × average of highest 36 months basic pay × years of service + TSP with government matching

Key factors affecting military retirement benefits:

  1. Years of Service: Each year adds 2.0-2.5% to your retirement multiplier
  2. Rank at Retirement: Higher rank means higher base pay calculation
  3. Retirement Plan: Different formulas apply based on when you entered service
  4. TSP Contributions: For BRS, government matching can significantly increase retirement savings
  5. COLA Adjustments: Retirement pay receives annual cost of living adjustments

Military retirement pay begins immediately after separation from service, regardless of age. This is a significant advantage over most civilian retirement plans that require waiting until a specific age to collect benefits.

Retirement Plan Comparison

Plan Multiplier TSP Matching
Final Pay 2.5% No
High-36 2.5% No
Blended (BRS) 2.0% Yes (up to 5%)

Example Calculations

E-7, 20 years: ~$30,000/year

O-5, 20 years: ~$60,000/year

E-8, 24 years: ~$45,000/year

O-6, 26 years: ~$90,000/year

Key Considerations

• Early retirement (before 20 years) forfeits pension benefits

• Each year beyond 20 adds 2.5% to pension calculation

• BRS includes continuation pay at 12-year mark

• Disability retirement has different calculations