Estimate a simple defined-benefit pension from final average salary, credited years of service, and the plan multiplier, then check annual pension, monthly pension, and replacement rate.
1.6% x 27 years x $82,000
Check the real plan document for vesting, service credit, early retirement reductions, survivor choices, COLA, lump-sum options, PBGC limits, and tax rules.
Estimate a defined-benefit pension from salary, credited service, and multiplier.
Turn an annual pension estimate into a monthly before-tax amount.
Compare how more service years or a different multiplier changes the estimate.
Check replacement rate before reading the official plan document or benefit statement.
$35,424/year or $2,952/month
$53,040/year or $4,420/month
$16,800/year or $1,400/month
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Plain-language answers about when to use the estimate, what your numbers mean, what is left out, and how privacy works.
Use it when you want to test the exact inputs on this page: Estimate a defined-benefit pension from salary, credited service, and multiplier. Turn an annual pension estimate into a monthly before-tax amount. The result is a check against your assumptions, not proof that a lender, tax app, broker, platform, or provider will use the same number.
Final average salary means the annual salary number your pension formula uses, often an average from your highest or final earning years. Credited years of service means the service years your plan counts for the formula, which may differ from calendar years worked. Benefit multiplier means the plan percent applied for each service year, such as 1.6 for a 1.6% multiplier.
This page is for defined-benefit style pension math: salary times credited service times multiplier. A 401K or IRA works differently because the balance depends on contributions, investments, fees, and withdrawals.
No. Survivor options, joint-and-survivor choices, early retirement reductions, disability rules, and lump-sum choices can all change the real monthly benefit. Use your plan document or benefit statement for those details.
In plain language: The calculator multiplies final average salary by credited years of service and the benefit multiplier, then divides the annual pension by 12 for a monthly estimate. $82,000 times 27 service years times a 1.6% multiplier gives a $35,424 annual estimate, or $2,952 per month before taxes and plan adjustments.
Read the monthly estimate first, then check annual pension and replacement rate. Replacement rate shows how much of final average salary the simple formula replaces.
This is not your plan benefit statement. It does not include vesting, service-credit rules, early retirement reductions, survivor choices, joint-and-survivor adjustments, cost-of-living adjustments, lump-sum options, taxes, PBGC limits, or plan-specific formulas. Use the plan summary, benefit statement, pension administrator, PBGC information, and tax guidance for the exact benefit, payment form, guarantees, and taxable amount.
Check whether your plan uses final average salary, career average pay, credited service, partial years, caps, early retirement factors, or a different multiplier before copying the result.
Replacement rate compares the estimated annual pension with final average salary. It is a quick way to see how much of that salary the simple formula replaces before tax, savings, Social Security, or other retirement income.
PBGC does not set your normal plan formula, but PBGC guarantees have limits if a covered private defined-benefit plan fails. That is another reason this page should not replace an official benefit statement.
No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.