Pension Calculator

Option 1: Lump sum vs Monthly pension

Your retirement age

Life expectancy (years)

Lump sum payment amount ($) Your investment return (annual %)

Option 2: Monthly pension payment

Monthly pension income ($) Cost-of-living adjustment (annual %, inflation)

Single-life or Joint-and-survivor?

Detailed: Single-life and Joint Survivor

Your retirement age Your life expectancy (age)

Spouse's age when you retire Spouse's life expectancy (age)

Single life pension (monthly $)

Joint survivor pension (monthly $)

Your investment return (annual %) Cost-of-living adjustment (annual %)

Should you work longer for a better pension?

Pension option 1 retirement age Pension option 1 monthly income Pension option 2 (work longer) retirement age Pension option 2 monthly income Investment return (annual %) Cost-of-living adjustment (annual %)