Federal Employee Retirement Planner

Disclaimer: This tool provides hypothetical estimates for general informational purposes only and does not constitute tax, legal, investment, or financial planning advice. Projections are based solely on the assumptions you enter and may not reflect actual results. No warranty is made as to their accuracy or completeness, and the creators assume no liability for any errors, omissions, or decisions made in reliance on this tool. Please consult a qualified tax professional and/or licensed financial advisor before making any financial decisions.

Your Inputs

Timing

Age at retirement

Calendar year retirement begins

Current Savings

Traditional IRA / TSP balance ($)

Roth balance ($)

Non-IRA / taxable savings ($)

Investment Allocation

Amount in safe investments

× draw = a multiple of your first-year withdrawal (e.g. 5% of $1M = $50k draw; multiple 5 ⇒ $250k held safe). Remainder goes to growth.

Expected return — safe (%/yr)

Expected return — growth (%/yr)

Annual withdrawal from savings (% of balance)

FERS Pension

Pension source

Annual pension — gross ($/yr)

Survivor benefit election

Special Retirement Supplement (SRS) — $/yr

FERS bridge paid from retirement until age 62. Applies only if you retire before 62; not increased by COLA.

Annual health insurance cost ($/yr)

Military Retirement

Military retired pay — gross ($/yr)

For prior military service retired pay — leave at 0 if not applicable. Grows with a full CPI COLA (≈2.5%/yr) from your retirement date; taxed as ordinary income federally. State tax is controlled by its own “Military retired pay” toggle in the Taxes section, which the state picker pre-sets — most states now fully exempt military pay, a few tax it, and some only partially exempt it (by age or dollar caps), so verify yours.

Social Security

Estimated annual Social Security ($/yr)

Estimate your benefit with the SSA Quick Calculator.

Age Social Security starts (min 62)

Other Income

Other income (rental, part-time, annuity, etc.)

Other income entered as

Added to gross income every year, taxed as ordinary income (federal & state), and held flat (no COLA).

Taxes

Federal filing status

State (pre-fills the fields below)

State income tax rate (%)

Local / city income tax rate (%)

Optional — for county or city income taxes. Many states have none (e.g. Virginia residents leave this at 0); places that do include Montgomery County, MD (Silver Spring) ≈ 3.2%, NYC, and many Ohio/Pennsylvania municipalities. Layered on top of the state rate, using the same categories below.

Apply state & local tax to

Pension / SRS Military retired pay IRA / TSP withdrawals Interest & earnings (taxable acct) Other income

Federal tax is figured automatically from the 2025 brackets. Social Security & Roth are always excluded from state tax. State rules vary widely and often have age/income limits or dollar caps these toggles can't capture — pre-filled values are approximate starting points; verify with your state and adjust the rate and boxes. Graduated-tax states default to their top marginal rate. State & local rates and their tax treatment are estimates based on information as of July 4, 2026, and change frequently — reconfirm the current rules for your area.

Retirement Plan Report

Inputs Used

Methodology & assumptions

Projection horizon: from your retirement age through age 100.
FERS pension formula: high-3 salary × years of service × 1.0% (or 1.1% if you retire at 62+ with 20+ years). Unused sick leave is converted to extra service time at 2,087 hours = 1 year (it boosts the pension but not eligibility).
Survivor benefit: electing a 50% survivor annuity reduces your own pension by 10%; a 25% election reduces it by 5%; "None" applies no reduction.
Special Retirement Supplement (SRS): a flat (no-COLA) FERS benefit paid from retirement until age 62, included as taxable income. Only applies if you retire before 62.
Pension COLA: 2% per year, beginning at age 62 (the FERS rule). Pension stays level between retirement and age 62 if you retire earlier.
Military retired pay: optional second pension for prior military service. Assumed already in pay status, growing with a full CPI COLA (2.5%/yr) from the start of the projection. Taxed as ordinary income federally and grouped with the pension for state tax (note: many states exempt military retired pay — adjust the state settings if yours does).
Social Security COLA: 2.5% per year, applied from the year benefits begin. No benefit is paid before your chosen start age (minimum 62).
Savings growth: a blended return is computed from your safe/growth split and applied to the combined balance each year. Withdrawals (your % of balance) are taken first, then the remainder grows.
Withdrawal sourcing: each year's withdrawal is drawn proportionally from your Traditional, Roth, and non-IRA balances.
Federal tax: progressive 2025 brackets for your selected filing status with the standard deduction (plus the age-65+ additional deduction). Taxable income includes the pension, Traditional IRA/TSP withdrawals (fully taxed), the interest/earnings on the non-IRA account (principal withdrawals are not taxed), and 85% of Social Security. Roth withdrawals are tax-free.
State tax: the rate you enter, applied to pension + Traditional withdrawals + non-IRA interest/earnings (Social Security and Roth excluded — most states do not tax Social Security).
Health insurance is treated as a fixed annual out-of-pocket cost and held level.
This is an estimate for planning only — not tax, legal, or investment advice.

Section 1 · Gross & Net Retirement Income

Gross income = pension + military retired pay + Social Security + savings withdrawals. Net = gross − federal tax − state tax − health insurance.

Section 2 · Retirement Savings Over Time

Combined balance of Traditional, Roth, and non-IRA accounts after each year's withdrawal and growth.

Year-by-Year Detail

Age	Year	Pension	Mil. Pension	SRS	Soc. Sec.	Other	Withdrawal	Gross	Fed Tax	State/Local	Health	Net Income	Savings (EOY)

Highlighted rows mark milestone ages (62 pension COLA, Social Security start, 90).