The calculator be used for both regular retirement calculations and Reserve Component calculations, to include AGR.

Review the assumptions, defaults and limitations of this calculator. 

• Basic Pay Table and Growth Rates - The BRS Calculator uses the current Military Pay Chart. Future military pay increases (excluding promotion and longevity increases) use the Board of Actuaries annual across-the-board basic pay assumption, currently of 2.5 % per year.
• Cost of Living Adjustments (COLA) - The calculator uses future Military Retirement System COLA rates from the DoD Board of Actuaries annual inflation assumption of 2.5 % per year.
• Present Value - To determine the present value of an annuity stream for comparative financial purposes the future stream of the -year annuity payments are discounted to a current, or "present,” value. The discount rate used is the Board of Actuaries annual nominal interest assumption of 4.00% per year.
• Thrift Savings Plan (TSP) Elective Deferral - Each year the Internal Revenue Service (IRS) determines the maximum amount an individual can contribute to tax - deferred savings plans like the TSP. The elective deferral limit for 2026 is $24,500 (excludes catch-up contributions beyond age 50). The calculator assumes the annual cap increases, on average, $500 annually to account for anticipated IRS cap increases.

Disclaimer: This calculator is provided for information purposes only. It is not intended to be used as an investment advisory tool or as a guarantee of the duration of the elected monthly payment amount. 

***The DoD BRS retirement calculator is currently in development;  resulting calculations are currently approximations .***