California State Teachers Retirement Calculator

Formatting only. This does not change the calculation.
The average annual basic pay over the plan’s averaging period — 36 months for FERS, CSRS and the military High-3 systems, the final month for military Final Pay.
Use decimals for part years, for example 30.5 for 30 years and 6 months.
FERS MRA+10 reduces the annuity by 5% for each year under 62; CSRS early retirement reduces by 2% for each year under 55.
Used only to report the FERS minimum retirement age from the OPM birth-year table.
Annuity payable to you
52,800.00
Pension Benefit Calculator
Total accrual (% of final average salary)
66.0000 %
Gross annual annuity
52,800.00
Age reduction applied
0.0000 %
Annuity after age reduction
52,800.00
Cost of the survivor election
0.00
Monthly annuity payable to you
4,400.00
Annual survivor annuity
0.00
Share of final average salary replaced
66.0000 %
Annuity after the projected COLAs
52,800.00
FERS minimum retirement age
57.0000
Worked out from US Office of Personnel Management, FERS Information - Computation and 3 other sources.
An estimate only. Your actual benefit is computed by the plan administrator from your official service history, high-3 or final compensation, deposits and redeposits, unused sick leave, part-time proration and court orders. Confirm every figure with the plan before making a retirement decision.

How this is worked out

5 steps
  1. Plan: CalSTRS 2% at 60 benefit structure. Accrual: age factor 2.2% x 30 years of service credit.
  2. Total accrual = 66% of the 80000 final average salary = 52800 a year.
  3. No age reduction applies.
  4. No survivor annuity elected, so nothing is deducted.
  5. Monthly annuity = 52800 / 12 = 4400.

Results are general information, not financial, tax, legal, medical or engineering advice.