If you are planning a military career at the US army, you may be interested in retirement options that you will have as you decide to retire. If this is so, then this article and other articles on this site may be of particular interest to you. I encourage you to read this article, browse this site for further details and also use the military retirement calculator that is available on our web site.
The US military retirement system is considered to be one of the most attractive ones on the globe. First of all it offers you generous pension and also does not limit you with the certain retirement age. This means that you could retire whenever you would like, even at the age of 40. Sounds attractive? Indeed. After retiring from the army you could start working somewhere else, earn salary and at the same time receive the pension from US army. It is noteworthy that military pension is subject to Cost of Living Adjustment (COLA) meaning that your pension shall not lose its purchasing power due to inflation. As you make calculations through military retirement calculator, you need to account for this detail.
There are several factors that determine the size of your pension. These are number of years in service, base pay and the military retirement plan that is applicable to you.
There are 3 military retirement plans at the moment. For each of them you need different military retirement calculators to make calculations about you retirement. These military retirement plans are: Final Pay, High 3 Year Average and Redux (Career Status Bonus) retirement plans.
These military retirement plans are in many ways similar to each other. First of all, for all plans you need to serve at the 
US army at least for 20 years. Also if you stay at the army for 40 years or more, then you are will get pension that will be equal to 100% of your base pay. This means that you will get pension that will be equal to salary you were receiving as you served at the US army.
There are also several differences between different military retirement plans. This is particularly important, if you joined the army after August 1, 1986. As you reach 15th year of your service, you will have to make a choice about which retirement plan you are going to use Redux or High 3 Year Average. To make an informed choice, you need to make many calculations. This is where military retirement calculator gains special importance.