FERS Retirement Calculator
Your Federal Pension and Supplement

Basic annuity = high-3 average salary × years of creditable service × 1% — or × 1.1% if you are 62 or older at separation with at least 20 years. High-3 is your highest average basic pay over any three consecutive years, usually the last three; overtime and bonuses do not count.

With a $100,000 high-3 and 25 years at 62 that is $27,500 a year, $2,292 a month, before any survivor reduction.

It depends on your birth year: 55 if born before 1948, rising 2 months a year to 56 for 1953-1964, then rising again to 57 for anyone born in 1970 or later (56 and 4 months for 1966, 56 and 8 months for 1968).

With an immediate, unreduced annuity at 62 with 5 years of service, 60 with 20 years, or your MRA with 30 years. At your MRA with 10 to 29 years you can retire immediately, but the annuity is reduced by 5% for each year you are under 62 — unless you postpone it.

Leaving earlier with 5 or more years gives a deferred annuity later.

A payment until age 62 for people who retire on an immediate annuity that is not reduced for age (MRA+30, 60+20, or certain involuntary retirements) — not MRA+10 or deferred retirements. OPM estimates your full-career Social Security benefit at 62 and pays the share matching your FERS years out of 40: $2,000 × 30/40 = $1,500 a month.

It is reduced $1 for every $2 you earn above the Social Security earnings limit.

If you are married, a full survivor annuity (50% of your unreduced annuity to your spouse) is automatic unless your spouse consents otherwise, and it reduces your annuity by 10%. A partial survivor benefit of 25% costs 5%.