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Pension Calculator

Defined benefit pension — monthly payment based on years of service + salary.

Years of Service

Final Salary (avg of last 3-5 yrs)

Multiplier % per Year

Common: 1.5-2.5%. Public safety often 2.7-3%.

Expected Years in Retirement

To estimate lifetime value.

Annual pension benefit

$42,500

Monthly$3,542

Replacement rate50%

Lifetime value$1,062,500

Defined-benefit pensions are typically calculated as: Years × Multiplier × Final-Avg-Salary. Many also offer cost-of-living adjustments (COLA).