Pension - Take Early or Later?
This calculator compares the value of your pension plan payments if you take them earlier or later.
Retirement age
Monthly pension amount at age
(maximum value $25,000)
Earlier retirement age
Monthly pension amount at age
(maximum value $25,000)
Pension ends at age
Inflation rate (maximum value %)
Rate of return (maximum value %)
Table
|
65
Retirement Age
Enter your normal retirement age. |
|
4,000
Monthly Pension Amount
Enter the monthly pension you will receive at your normal retirement age. |
| Annual pension amount at age |
48,000
|
|
60
Earlier Retirement Age
Enter your earlier retirement age. |
|
3,200
Monthly Pension Amount
Enter the monthly pension you will receive at your earlier retirement age. |
| Annual pension amount at age |
38,400
|
|
90
|
|
2.00%
Inflation rate
Your pension will be indexed annually at this inflation rate.
Input Error: Inflation Rate
Enter a value between and %. |
|
4.00%
Rate of return
This rate of return is used to calculate the present value of the annual pension amounts.
Input Error: Rate of Return
Enter a value between and %. |
$16,000
$12,000
$8,000
$4,000
$0
Table
Assumptions
Disclaimer
Disclaimer
This calculator compares the value of your pension plan payments if you take them earlier or later.