Pension calculator

Annual pension = pensionable salary times credited service times the plan accrual rate, after your stated reduction.

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Pensionable annual salary

Credited service years

More inputs and assumptions

Accrual rate per service year (%)

Early-retirement or option reduction (%)

Answer

…

Annual pension = pensionable salary times credited service times the plan accrual rate, after your stated reduction.

More results

Precision and calculation record

Decimal places in numeric results and text downloads

Rounding changes displayed numbers, not the calculation. Text, fractions, matrices and CSV schedules keep their own formatting. Automatic keeps up to 12 significant digits, with money shown to cents where applicable.

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Formula and assumptions

A user-supplied defined-benefit plan formula. Enter the salary basis, service credit, accrual rate and reduction from your own plan documents. The example values are hypothetical. Eligibility, caps, lump-sum valuation, survivor options, cost-of-living increases, taxes and public pension rules are not inferred.

Automatic precision shows money to two decimal places and other numbers to 12 significant digits. Thousands separators such as 1,000 are accepted; use a dot for decimals.

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Updated 2026-09-29

Using Pension calculator

Annual pension = pensionable salary times credited service times the plan accrual rate, after your stated reduction.

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A worked example

For pensionable annual salary = 60000, credited service years = 25, accrual rate per service year (%) = 1.5, early-retirement or option reduction (%) = 0, annual pension = 22,500.00.

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Example results for pensionable annual salary

These examples use Credited service years: 25; Accrual rate per service year (%): 1.5; Early-retirement or option reduction (%): 0. They are reference calculations, not recommended settings.

Pensionable annual salary	Annual pension
30000	11,250.00
60000	22,500.00
120000	45,000.00

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