Military Retirement Calculator | Military Retirement Plans | Retirement Benefits

Military retirement calculator is a web-based application that military personnel uses for calculating the details  of their retirement. Military personnel has very different retirement plans than ordinary people have, therefore they need to use special military retirement calculator to make retirement planning. What is special about military personnel is that they retire considerably earlier than others and start receiving their pension earlier than others.

As military personnel retire, they are assigned certain retirement plans based on the date they joined the US Army. The army joining date determines whether an individual can make choice among military retirement plans or will have to accept a certain plan without any alternatives. All military retirement plans require individuals to serve at least 20 years in the active service.

There are three military retirement plans. All of them require different military retirement calculators to calculate details of the employment.

Final Pay military retirement plan is designed for those individuals who joined US Army before September 8, 1980. For Final Pay retirement plan an individual needs to enter years with the US Army, his / her age and expected retirement grade in military retirement calculator. These are the basic variables, but it is possible to enter inflation and tax rates and other variables.

High 3 Year Average military retirement plan is for those individuals that joined the US Army in the period  September 8, 1980 – August 1, 1986 or after August 1, 1986. As in the case of Final Pay plan additional variables (tax and inflation rates) can be taken into consideration while making calculations.

Redux (or Career Status Bonus) military retirement plan is available to those individuals that joined the US Army after August 1, 1986. This plan is interesting, because this plan offers career status bonus ($30,000), but in exchange decreased pension. Individuals who joined the army after August 1, 1986 have a choice. They can choose either High 3 Year Average or Redux (Career Status Bonus). Military personnel can make calculations with military retirement calculator and make an informed choice.

Military retirement plans differ by the ways pension is adjusted towards inflation. For Final Pay and High 3 Year Average military plans the pension is adjusted by Consumer Price Index (CPI), while Redux pension is adjusted by CPI-1.

There is a long discussion about which military retirement is better: High 3 Year Average or Redux (Career Status Bonus). The answer to this question depends on several factors: number of years an individual has spend on active duty at US Army, his / her base pay, etc.

Put this Military Retirement Calculator on your site!

It’s easy. Just copy and paste this code to your site: