Pension Calculator
Estimate your defined benefit pension income based on years of service and final salary.
Part of our Finance Calculators collection.
Pension Calculator
Free online calculator
%
Total years working for this employer
$
Often uses highest 3–5 year average
%
Most pensions: 1.5–2.5% per year of service
%
Cost of living adjustment if applicable
How to Use This Calculator
- 1
Enter your financial details.
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See projections instantly.
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Adjust to model different scenarios.
How This is Calculated
Annual Pension = Final Salary × Years × Multiplier% Monthly = Annual / 12 Future value accounts for COLA increases
Example Calculation
See live result
Inputs
Result
Enter values above
Results update as you type.
Frequently Asked Questions
How accurate are these projections?
Investment projections assume a constant return rate which never occurs in practice. Use these as planning guides, not guarantees.
Should I consult a financial advisor?
For retirement planning, a fee-only fiduciary financial advisor can provide personalised guidance accounting for your full financial picture.