Reply to What is your "magic number" for retirement?

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Reply to "What is your "magic number" for retirement?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There's a lot of feds in this thread who don't know how to calculate their pension.

https://www.fedweek.com/fers-csrs-calculator-get-a-ballpark-estimate-your-annuity/

Anybody who's under the FERS system and thinks they're getting $150k/year is in for a rude awakening.  Maybe if you're maxed out at a finreg and have 50 years of service...[/quote]
This calculator gives the exact same  answer for my scenario: 154k. So what rude awakening are you talking about?[/quote]

What are your inputs?[/quote]
This is my previous post:
"If you work for a finreg, you highest salary will more than likely reach 400k in 15-20 years. If you have worked for 35 years at the time of retirement, you pension will be $400k*1.1%*35=$154k. For fed board, the multiplier is even higher."[/quote]

Congrats, that's a sweet deal. But these are apples to oranges comparisons when you talk about an increase in salary 20 yrs down the road due to inflation.[/quote]

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