Retirement Calculator - Blue Federal Credit Union

Calculating My Federal Pension - Retiring Fed
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We set the default rate for prior to retirement at 5. 75% and rate of return after retirement at 4. 0% with a legitimate variety of 0% to 20% for each. This Site should choose presumptions-- or series of presumptions-- that are ideal for you based upon your specific situations. Replacement Rate Computation The quantity of money from your retirement advantages (e.
CSRS, FERS, Social Security), annuities from TSP and other savings, and any post-retirement incomes you got in are summed over the anticipated years in retirement. The quantity of cash you would have made (with projected raises) if you continued to work instead of retire is likewise summarized over the same time period.

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If the calculated replacement rate is less than the wanted replacement rate, the TSP contribution rate is increased bit by bit (0. 25% of income) till the calculation comes out to the replacement rate objective or it hits the tax deferral limit (currently $17,000). If that isn't adequate money, the Federal Ballpark E$ timate does the exact same with the non-TSP cost savings up until the combined overall suffices to strike your replacement rate objective, or an outright limitation of 50% of wage is reached.
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What this means is that the FBE will take the variety of years you expect to reside in retirement and balance the replacement rate during that time. The Federal Ballpark E$ timate uses 70% as a default rate, but will allow you to choose any rate between 20% and 120%. Replacement Rate Desired The replacement rate is the portion of your pre-retirement income that will be changed by your retirement earnings.
