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FERS / CSRS  Retirement Calculator (Beta version)

The initial version of this calculator has been used for several years to help government employees predict whether their current and future levels of saving will provide sufficient income at the desired retirement age.  The final calculations provide a wealth of information including the estimated monthly income from a final TSP or savings balance; estimated FERS or CSRS income; as well as an estimated final income from all sources and the final percentage this value represents compared to a calculated future salary.  Note: Currently, this tool does not cover Law enforcement personnel or Air Traffic Controllers....   Also, check out this calculator for additional info. Link to the U.S. Office of Personnel Management (OPM) -->  Comprehensive federal retirement resource....
pointerDisclaimer: All material provided within this website is for informational and educational purposes only, and in no way is any of the content on this website to be construed as financial advice or instruction. No action should be taken solely on the contents of this publication. We do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, exemplary, or other damages. See the website disclaimer for additional info.    Read the disclaimer
Estimated Average Annual Raise [Note: an estimated future salary will be calculated.  You will notice that  this calculator does not ask for the average pay over your last 3 consecutive years of service.  Remember that we are not taking into account future step increases, promotions, etc. Therefore, a 2% annual increase should be somewhat representative of the final value.] : %
Estimated Number of Years until retirement:
Current Salary $:
Projected Retirement Age:
Total number of Years Worked at Projected retirement age. Include military time if it is covered:
Percent of salary invested in TSPNote: If you currently invest a specific dollar amount each pay period follow these steps: 1) multiply this amount  x  26.  (2) Then divide this amount by your current salary, (3) Next, multiply the result by 100.    Example:  $300 invested per pay period.  Annual salary: $85,000.   $300 x 26 = $7600.    $7600/$85000 = 0.0918 x 100 = ~ 9.2 %   %
CSRS ONLY - Amount contributed annually to IRA, Roth, etc:
FERS: Estimated Annual TSP Growth (PRE-retirement).  CSRS employees enter your estimated annual percentage growth in your savings:: %
Present TSP Value (or total savings for CSRS employees) $:
Estimated Annual Social Security during retirement (Rough estimate).  Note: socialsecurity.gov has an online retirement estimator.:
Estimated Annual TSP Growth (DURING retirement). CSRS employees enter your estimated annual percentage growth in your savings: %
TSP auto monthly withdrawal - desired number of YEARS (Important calculation:  the software will determine exactly how much income will be derived from your TSP account given the number of years entered. This value will be based on the estimated growth during retirement (interest) + principal.  CSRS employees must also enter a value here for the length of time you would like your total savings divided to produce an income for a specific number of years.:

Disclaimer

Disclaimer: All material provided within this website is for informational and educational purposes only, and in no way is any of the content on this website to be construed as financial advice or instruction. No action should be taken solely on the contents of this publication. We do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, exemplary, or other damages. See the website disclaimer for additional info.    Read the disclaimer
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