FERS / CSRS Retirement Calculator (Beta version)
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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.... |
 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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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: |
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| Current Salary $: |
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| Projected Retirement Age: |
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| Total number of Years Worked at
Projected retirement age. Include military time if it is covered: |
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Percent of salary invested in TSP:
Note: 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: |
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| 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) $: |
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| Estimated Annual Social Security
during retirement (Rough estimate). Note:
socialsecurity.gov has an online retirement estimator.: |
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| 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.: |
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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
|
