1. What is the Military One Source Retirement Calculator?

Definition: This calculator estimates military retirement benefits using the standard military pension formula.

Purpose: It helps service members plan for retirement by estimating their potential pension based on years of service and high-3 average pay.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Pension \) — Annual retirement pension ($)
• \( Y \) — Years of service (years)
• \( H3 \) — High-3 average pay ($)

Explanation: The formula calculates 2.5% of the high-3 average pay for each year of service.

3. Importance of Military Retirement Planning

Details: Understanding potential retirement benefits helps service members make informed career decisions and financial plans.

4. Using the Calculator

Tips: Enter your total years of service (including partial years) and your estimated high-3 average base pay. All values must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: What is high-3 average pay?
A: It's the average of your highest 36 months (3 years) of basic pay, typically your last 3 years of service.

Q2: Does this include other benefits?
A: No, this calculates only the base pension. Other benefits like Tricare, commissary privileges, or VA benefits aren't included.

Q3: What's the minimum service requirement?
A: Generally 20 years for a regular retirement, but the calculator works for any service length.

Q4: Does this apply to all service branches?
A: Yes, the formula is standard for all U.S. military branches under the legacy retirement system.

Q5: How does the Blended Retirement System affect this?
A: The BRS uses a 2.0% multiplier instead of 2.5% for service after 2018. This calculator shows legacy system results.