CalcMountain

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

YearAnnual BenefitCumulative
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

Frequently Asked Questions

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