Federal Employee Retirement Planner

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)

Social Security

Estimated annual Social Security ($/yr)

Age Social Security starts (min 62)

Taxes

Federal filing status

State income tax rate (%)

Federal tax is estimated automatically from the 2025 brackets for your filing status.

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.
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 + 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	SRS	Soc. Sec.	Withdrawal	Gross	Fed Tax	State Tax	Health	Net Income	Savings (EOY)

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