Military Retirement Pay Calculator (2026)

Calculate your military pension under Legacy or BRS retirement systems.

Legacy vs BRS: Which Retirement System?

If you joined the military before January 1, 2018, you're in the Legacy system (defined benefit only). If you joined on or after January 1, 2018, you're in the BRS (Blended Retirement System). Some service members had a one-time option to opt into BRS during 2018-2019.

How the Multiplier Works

Legacy System

  • 20 years = 50% of high-3 base pay
  • 21-40 years = +2.5% per additional year
  • Maximum at 40 years = 75% of high-3

BRS (Blended Retirement System)

  • 20 years = 40% of high-3 base pay
  • 21-30 years = +2% per additional year
  • Maximum at 30 years = 60% of high-3
  • + TSP with 5% agency match (1% automatic + 4% matching)

2026 High-3 Base Pay Examples

Your "high-3" is the average of your highest 36 months of basic pay. For most members, this is simply their last 3 years of base pay:

Rank High-3 Base Pay (2026) Legacy @ 20 yr (50%) BRS @ 20 yr (40%)
E-7$5,683.20$2,841.60/mo$2,273.28/mo
E-8$6,388.20$3,194.10/mo$2,555.28/mo
E-9$7,305.00$3,652.50/mo$2,922.00/mo
W-4$7,672.50$3,836.25/mo$3,069.00/mo
O-5$10,567.80$5,283.90/mo$4,227.12/mo
O-6$12,318.60$6,159.30/mo$4,927.44/mo
O-7$14,041.80$7,020.90/mo$5,616.72/mo

The TSP Catch-Up (BRS Advantage)

BRS retirees who contribute 5% of base pay to TSP get an additional 5% agency match (1% automatic + 4% match). Over a 20-year career, this can grow to $200,000+ in matched contributions alone — often making BRS more valuable than Legacy for most members, especially those who don't stay past 20 years.

Lump Sum Option (BRS Only)

BRS retirees can choose to receive 25% or 50% of the discounted present value of their pension as a lump sum at retirement, in exchange for a reduced monthly pension. Use this calculator's "30-Year Lump Sum" estimate to model this option.

Tips for Maximizing Your Retirement

  • Stay past 20 years if possible — the multiplier jump from 19 to 20 years is massive (you go from 0% to 50% pension in Legacy).
  • Max out TSP early — agency match is free money. In BRS, contribute at least 5% to get the full match.
  • Use the high-3 years to your advantage — try to promote or pick up TDY assignments during these 3 years.
  • Consider Survivor Benefit Plan (SBP) — costs ~6.5% of pension but provides continued pay to spouse after death.
  • Plan for COLA adjustments — your pension will increase yearly with inflation.
  • Don't forget VA disability — if you have service-connected conditions, file for VA disability. You can receive both military retirement AND VA disability (Concurrent Receipt under CRSC for combat-related, or just standard if med-boarded).

Frequently Asked Questions

How is military retirement pay calculated?

Legacy: 50% of high-3 base pay at 20 years, plus 2.5% per additional year (capped at 75% at 40 years). BRS: 40% at 20 years, plus 2% per additional year (capped at 60% at 30 years), plus TSP with 5% agency match.

What is the high-3 average pay?

Your high-3 average is the average of your highest 36 months of basic pay. Typically your last 3 years of service. It's used as the basis for calculating your monthly retirement pay.

What's the difference between Legacy and BRS?

Legacy (pre-Jan 2018): Defined benefit only, 50% at 20 years. BRS (post-Jan 2018): Reduced defined benefit (40% at 20) PLUS Thrift Savings Plan with 5% agency match. BRS requires you to contribute to TSP to get the full match.

Can I take a lump sum instead of monthly retirement?

Yes, under BRS you can choose to take a reduced monthly pension (50% less) plus a 25-50% lump sum of the discounted present value. Legacy retirees can choose a Career Status Bonus (CSB) at 15 years for $30,000 with reduced monthly pension.

When can I retire from the military?

Most service members are eligible to retire after 20 years of active duty service. Reserve members qualify after 20 'good years' reaching age 60 (or earlier under certain conditions).

Is military retirement pay taxable?

Yes. Military retirement pay is taxable at federal and state levels (except in states that exempt it). Many retirees have taxes withheld directly to avoid a large bill in April.

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