# Retirement Calculator

Document Sample

```					        1       What paygrade do you expect to be when you retire from the Selected Reserves?                                     O5

2       How many years for pay purposes will you have when you retire from the Selected Reserves?                         20

3       Based on your answers to questions 1 and 2, the monthly base pay is :                                         \$5,583.60

4       How many qualifying years do you have right NOW?                                                                  13

5       You answered:      13 years to question #4. How many points do you have for those years?                          2153

6       How many qualifying years will you have when you retire from the Selected Reserve?                                20

7       Normally, you would earn 75 retirement points per year. If you do a lot of additional drills,
you may earn more. How many points would you normally get per qualifying year?                     75

Based on your responses to questions 4 through 7, you should have approximately the
following number of points when you retire from the Selected Reserves:                    2678

8       What is your current age? Be honest it's very important!                                                          36
With an annual payraise of (using the percentage in the box to the right),                      3%
your monthly retired pay which will begin at age 60 is projected to be:               \$2,110.84
Questions concerning this               Assuming an annual cost of living allowance increase of:           3.00%
application should be                 Your cumlative total benefit of 20 years of retirement pay will be:             \$680,629
directed to:
NCC(AW) Joe Harrison                          How long would it take you to save the amount above??
harrisoj@cnrf.nola.navy.mil
DSN: 678-0473                        It would take (\$20,584.00) a yr for 20 yrs compounded at          5.00%

E1        E2          E3          E4         E5         E6           E7              E8              E9      O1 O2                O3
20     22                     26
1      2                      4     5                6        7           8      9                         10         11 #               13        14
1                 2              3                   4                5                6               7
\$167.51          \$172.53           \$177.71          \$183.04          \$188.53           \$194.19
\$5,583.60        \$5,751.11        \$5,923.64         \$6,101.35        \$6,284.39        \$6,472.92         \$6,667.11

Percent
3.00%

E1                E2               E3                E4               E5               E6               E7

11350.30917

Percent                             1                2                3                4                  5
3.00%                                           \$759.90          \$782.70          \$806.18              \$830.37
\$25,330.11    \$26,090.01       \$26,872.71       \$27,678.89           \$28,509.26
Monthly       Annually          20 Yr Total
\$2,110.84    \$25,330.11         \$680,629.45

\$680,629.45       \$34,031.47

Interest Rate          Years
5.00%               20          (\$20,584.00)
8                9            10            11            12               13               14               15
\$200.01          \$206.01       \$212.19       \$218.56       \$225.12          \$231.87          \$238.83          \$245.99
\$6,867.12        \$7,073.14     \$7,285.33     \$7,503.89     \$7,729.01        \$7,960.88        \$8,199.70        \$8,445.70

25

E8               E9               O1E           O2E           O3E           O1               O2               O3

6                7                8             9            10            11               12               13
\$855.28          \$880.94          \$907.36       \$934.59       \$962.62       \$991.50        \$1,021.25        \$1,051.88
\$29,364.54       \$30,245.47       \$31,152.84    \$32,087.42    \$33,050.04    \$34,041.55       \$35,062.79       \$36,114.68
16               17               18               19               20            21            22          23
\$253.37          \$260.97          \$268.80          \$276.87          \$285.17       \$293.73        \$302.54 \$311.61
\$8,699.07        \$8,960.04        \$9,228.84        \$9,505.71        \$9,790.88    \$10,084.60     \$10,387.14 ########

O4               O5               O6               O7               O8               O9            O10

14               15               16               17               18               19            20
\$1,083.44        \$1,115.94        \$1,149.42        \$1,183.90        \$1,219.42        \$1,256.00      \$1,293.68
\$37,198.12       \$38,314.06       \$39,463.48       \$40,647.39       \$41,866.81       \$43,122.81     \$44,416.50
24      25       26       27       28       29       30       31       32       33
\$320.96 \$330.59 \$340.51 \$350.72 \$361.25 \$372.08 \$383.25 \$394.74 \$406.59 \$418.78
######## ######## ######## ######## ######## ######## ######## ######## ######## ########
34      35       36       37       38       39       40
\$431.35 \$444.29 \$457.62 \$471.34 \$485.48 \$500.05 \$515.05
######## ######## ######## ######## ######## ######## ########
Under 2      2           3         4           6         8          10         12         14         16         18          20          22
O10       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00   9,986.20   10,655.10   10,707.60
O9        0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00   8,830.23    9,319.50    9,453.60
O8    6,594.30   6,810.30   6,953.10   6,993.30   7,171.80   7,471.50   7,540.80   7,824.60   7,906.20   8,150.10   8,503.80    8,830.20    9,048.00
O7    5,479.50   5,851.80   5,851.80   5,894.40   6,114.60   6,282.00   6,475.80   6,669.00   6,863.10   7,471.50   7,985.40    7,985.40    7,985.40
O6    4,061.10   4,461.60   4,754.40   4,754.40   4,772.40   4,976.70   5,004.00   5,004.00   5,169.30   5,791.20   6,086.10    6,381.30    6,549.00
O5    3,248.40   3,813.90   4,077.90   4,127.70   4,291.80   4,291.80   4,420.80   4,659.30   4,971.90   5,286.00   5,436.00    5,583.60    5,751.90
O4    2,737.80   3,333.90   3,556.20   3,606.00   3,812.40   3,980.40   4,251.50   4,464.00   4,611.00   4,758.90   4,808.70    4,808.70    4,808.70
O3    2,544.00   2,884.20   3,112.80   3,364.80   3,525.90   3,702.60   3,850.20   4,040.40   4,139.10   4,139.10   4,139.10    4,139.10    4,139.10
O2    2,218.80   2,527.20   2,910.90   3,009.00   3,071.10   3,071.10   3,071.10   3,071.10   3,071.10   3,071.10   3,071.10    3,071.10    3,071.10
O1    1,926.30   2,004.90   2,423.10   2,423.10   2,423.10   2,423.10   2,423.10   2,423.10   2,423.10   2,423.10   2,423.10    2,423.10    2,423.10
O3E       0.00       0.00       0.00   3,364.80   3,525.90   3,702.60   3,850.20   4,040.40   4,200.30   4,291.80   4,416.90    4,416.90    4,416.90
O2E       0.00       0.00       0.00   3,009.00   3,071.10   3,168.60   3,333.90   3,461.40   3,556.20   3,556.20   3,556.20    3,556.20    3,556.20
O1E       0.00       0.00       0.00   2,423.10   2,588.40   2,683.80   2,781.30   2,877.60   3,009.00   3,009.00   3,009.00    3,009.00    3,009.00
E9       0.00       0.00       0.00       0.00       0.00       0.00   3,015.30   3,083.40   3,169.80   3,271.50   3,373.20    3,473.40    3,609.30
E8       0.00       0.00       0.00       0.00       0.00   2,528.40   2,601.60   2,669.70   2,751.60   2,840.10   2,932.50    3,026.10    3,161.10
E7   1,765.80   1,927.80   2,001.00   2,073.00   2,147.70   2,220.90   2,294.10   2,367.30   2,439.30   2,514.00   2,588.10    2,660.40    2,787.60
E6   1,518.90   1,678.20   1,752.60   1,824.30   1,899.30   1,973.10   2,047.20   2,118.60   2,191.50   2,244.50   2,283.30    2,283.30    2,285.70
E5   1,332.60   1,494.00   1,566.00   1,640.40   1,714.50   1,789.50   1,861.50   1,936.20   1,936.20   1,936.20   1,936.20    1,936.20    1,936.20
E4   1,242.90   1,373.10   1,447.20   1,520.10   1,593.90   1,593.90   1,593.90   1,593.90   1,593.90   1,593.90   1,593.90    1,593.90    1,593.90
E3   1,171.50   1,260.60   1,334.10   1,335.90   1,335.90   1,335.90   1,335.90   1,335.90   1,335.90   1,335.90   1,335.90    1,335.90    1,335.90
E2   1,127.40   1,127.40   1,127.40   1,127.40   1,127.40   1,127.40   1,127.40   1,127.40   1,127.40   1,127.40   1,127.40    1,127.40    1,127.40
E1   1,005.60   1,005.60   1,005.60   1,005.60   1,005.60   1,005.60   1,005.60   1,005.60   1,005.60   1,005.60   1,005.60    1,005.60    1,005.60
24          26
10,930.20   11,318.40
9,647.70    9,986.40
9,048.00    9,048.00
7,985.40    8,025.60
6,719.10    7,049.10
5,751.90    5,751.90
4,808.70    4,808.70
4,139.10    4,139.10
3,071.10    3,071.10
2,423.10    2,423.10
4,416.90    4,416.90
3,556.20    3,556.20
3,009.00    3,009.00
3,744.00    3,915.80
3,295.50    3,483.60
2,926.20    3,134.40
2,285.70    2,285.70
1,936.20    1,936.20
1,593.90    1,593.90
1,335.90    1,335.90
1,127.40    1,127.40
1,005.60    1,005.60

```
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