Pension Calculator
Defined benefit pension income.
Enter your values
Results update instantly as you type — no submit needed.
Results
- Annual pension
- $42,120.00
- Monthly pension
- $3,510.00
- Replacement ratio
- 54%
- Value after 10 years of COLA
- $51,344.04
- 20-year total (with COLA)
- $1,023,405.22
Quick answer
A defined benefit pension pays years of service × accrual rate × final average salary each year in retirement.
Pension = Years × Multiplier × Final salary
How to use the Pension Calculator
- 1Enter your total years of pensionable service.
- 2Enter final or final-average salary.
- 3Enter the scheme's accrual multiplier.
Frequently asked questions
What is a typical multiplier?
US public plans commonly use 1.5–2.5% per year of service.
Is a pension inflation-protected?
Some plans offer a COLA, many do not — check your scheme rules.