Calculation assumes initial monthly pension payments are adjusted annually for inflation. Reduced monthly payments under either lump sum option revert to full pension amounts at your Social Security Full Retirement age (67 for those born in or after 1960).
The total amount of pension income and the estimate lump sum are rounded to the nearest $100.
The Lump Sum option election must be made no less than 90 days before receiving your retired pay.
If you will receive VA disability, you must notify Department of Veterans Affairs and DoD. VA Disability income is not illustrated in the results.
If you use the DoD BRS Retirement calculator the results shown here may vary slightly. The DOD calculator illustrates results from military retirement to life expectancy.
The BRS Pension Lump Sum Calculator is an interactive calculator made available for informational purposes only. The calculator provides estimated results and is not intended to be or provide financial, tax, or investment advice. We cannot and do not guarantee applicability or accuracy in regards to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.