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  2. Defense Finance and Accounting Service > RetiredMilitary > plan …

  3. People also ask
    How do I calculate my military retirement pay?Use a retirement calculator to estimate your military retirement pay. There are two pension plans for active duty service members. Both plans require 20 or more years of service. Legacy or High 36 Retirement System - This plan is based on an average of your highest 36 months of basic pay.
    How is retired pay calculated?The Department of Defense uses a multi-step formula to compute your retired pay. The amount generally is based on your length of service or your disability percentage. Factors such as the year you entered service and your retirement type also affect your pay. Your gross retired pay is rounded down to the nearest dollar. What is My Retired Pay Base?
    How does the advanced military retirement pay calculator work?The advanced military retirement pay calculator has additional options such as comparing different retirement grades against different retirement dates. It also has an option for those who had a break in service to enter their date of separation and return to active duty date. 7.
    What is the retirement formula?The basic retirement formula is: Retired Pay Base X Multiplier % The Final Pay plan uses the Final Pay method to determine the retired pay base. See the Retirement page. The Final Pay plan uses a multiplier % that is 2.5% times the years of creditable service.
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