🏦 Retirement Pension Estimator
Project your future pension income under different retirement plan scenarios. Understand your replacement rate, breakeven horizon, and what your pension means for your overall retirement picture.
Personal Information
Pension Plan Details
📖 Usage Examples
🏫 Public School Teacher
A teacher retires at 60 with 35 years of service, a final salary of $82,000, and a 2% accrual rate.
🏭 Corporate Employee: Cash Balance
An engineer retires at 65 with 30 years, starting salary $55,000 and final $120,000. Cash balance plan at 1.2% accrual.
🏛 Late Starter: Government Worker
A government employee starts at 40, retires at 67 with 27 years, final salary $95,000, and 1.5% accrual.
❓Frequently Asked Questions
🏦 About the Retirement Pension Estimator
This tool provides an unofficial projection of your future retirement pension based on the standard defined-benefit formula: annual pension = salary basis × years of service × accrual rate. This formula, in various forms, underlies most traditional pension plans in both the public and private sectors.
The calculator supports three pension types to reflect different plan designs. Final Salary uses your projected retirement salary as the basis –the most generous and most common in traditional DB plans. Cash Balance / Hybrid plans use the average of your starting and ending salary for a more conservative estimate, typical of cash balance and hybrid designs.
We also show forward-looking planning metrics: your income replacement rate (what percentage of your final salary the pension covers), your total employee contributions over your career, the break-even point where benefits exceed contributions, and projected lifetime value at various ages. These numbers are critical for assessing whether your pension alone is sufficient or whether you need supplemental savings through a 401(k), IRA, or other vehicles.
The Cost of Living Adjustment (COLA) selector helps you model how inflation protection –or its absence –affects your purchasing power over a retirement that may span 25-30 years. Without COLA, a fixed pension loses roughly half its purchasing power over 25 years at 3% inflation.