CalPERS Retirement Calculator
Estimate your California Public Employees' Retirement System pension benefit. Calculate your monthly and annual pension using the 2% at 62 (PEPRA) or 2% at 55 (Classic) formula.
CalPERS Formula
Pension Details
Age Factor Reference
| Age | 52 | 55 | 57 | 59 | 60 | 62 | 63 | 65 | 67 |
|---|---|---|---|---|---|---|---|---|---|
| Factor | 1% | 1.3% | 1.5% | 1.7% | 1.8% | 2% | 2.1% | 2.3% | 2.5% |
PEPRA: Minimum retirement age 52. Factor reaches maximum 2.5% at age 67.
CalPERS Pension Score
Your CalPERS pension provides excellent retirement income with strong salary replacement and inflation protection.
Monthly Benefit
$3,958
Replacement Rate
50%
Monthly Pension
$3,958
$47,500/year
Age Factor
2%
2% at 62 (PEPRA)
Replacement Rate
50%
of $95,000
Lifetime Value
$1,599,369
over 26 years
CalPERS Benefit Formula
2% x 25 years x $95,000 = $47,500/year ($3,958/month)
CalPERS Pension Over Time
Annual pension payments with 2% compounding COLA through retirement
Year-by-Year Pension Income
Annual pension payments with COLA through retirement
| Age | Annual Pension | Real Value | Cumulative |
|---|---|---|---|
| 62 | $47,500 | $47,500 | $47,500 |
| 67 | $52,444 | $46,353 | $299,636 |
| 72 | $57,902 | $45,233 | $578,015 |
| 77 | $63,929 | $44,141 | $885,366 |
| 82 | $70,583 | $43,075 | $1,224,708 |
| 87 | $77,929 | $42,034 | $1,599,369 |
Personalized Insights
Actionable recommendations based on your numbers
50% salary replacement
Your pension covers 50% of your final compensation. Consider supplemental savings to reach the recommended 70-80% total replacement.
Age factor: 2% (max 2.5% at 67)
Waiting until age 67 would increase your age factor to 2.5%, raising your monthly benefit to $4,948. Each year of delay increases your factor.
2% compounding COLA
CalPERS provides a 2% compounding COLA. Your annual pension grows from $47,500 to $70,583 by year 20 of retirement.
25 years of CalPERS service
Your 25 years at 2% yields 50.0% of final compensation. Each additional year of service adds $158/month.
PEPRA member (2% at 62)
As a PEPRA member (hired after Jan 1, 2013), your pension is based on the 2% at 62 formula. Your benefit is calculated on the highest 36-month average salary, with a compensation cap.
Lifetime pension value: $1,599,369
Over 26 years of retirement, your CalPERS pension will pay out approximately $1,599,369 in total benefits including COLA adjustments.
Related Retirement Calculators
Explore the next planning questions readers usually compare with this calculator.