CalSTRS Retirement Calculator
Estimate your California State Teachers' Retirement System pension benefit. Calculate your monthly and annual pension using the 2% at 62 or 2% at 60 formula based on your service credit and final compensation.
CalSTRS Formula
Pension Details
Age Factor Reference
| Age | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 |
|---|---|---|---|---|---|---|---|---|
| Factor | 1.16% | 1.28% | 1.4% | 1.52% | 1.64% | 1.76% | 1.88% | 2% |
CalSTRS 2% at 62: Minimum retirement age 55. Factor reaches 2.0% at age 62.
CalSTRS Pension Score
Your CalSTRS pension provides excellent retirement income with strong salary replacement for California educators.
Monthly Benefit
$3,542
Replacement Rate
50%
Monthly Pension
$3,542
$42,500/year
Age Factor
2%
2% at 62 (Post-2013)
Replacement Rate
50%
of $85,000
Lifetime Value
$1,381,250
over 26 years
CalSTRS Benefit Formula
2% x 25 years x $85,000 = $42,500/year ($3,542/month)
COLA: 2% simple (non-compounding) annual adjustment
CalSTRS Pension Over Time
Annual pension payments with simple (non-compounding) COLA through retirement
Year-by-Year Pension Income
Annual pension payments with simple COLA through retirement
| Age | Annual Pension | Real Value | Cumulative |
|---|---|---|---|
| 62 | $42,500 | $42,500 | $42,500 |
| 67 | $46,750 | $41,320 | $267,750 |
| 72 | $51,000 | $39,841 | $514,250 |
| 77 | $55,250 | $38,148 | $782,000 |
| 82 | $59,500 | $36,311 | $1,071,000 |
| 87 | $63,750 | $34,386 | $1,381,250 |
Personalized Insights
Actionable recommendations based on your numbers
50% salary replacement
Your pension covers 50% of your final compensation. Consider supplementing with a 403(b) or 457(b) plan to reach the recommended 70-80% total replacement.
Full age factor: 2%
You've reached the target 2% age factor for the 2% at 62 formula. Your benefit reflects the full formula rate.
2% simple (non-compounding) COLA
CalSTRS provides a 2% simple COLA, meaning your benefit increases by a flat $850/year. By year 20, your pension reaches $59,500/year. Unlike compounding COLA, the increase is the same dollar amount each year.
25 years of CalSTRS service
Your 25 years at 2% yields 50.0% of final compensation. Each additional year adds $142/month to your pension.
CalSTRS members and Social Security
Most CalSTRS members do not pay into Social Security during their teaching career. If you have Social Security credits from other employment, the Windfall Elimination Provision (WEP) may reduce your Social Security benefit.
Lifetime pension value: $1,381,250
Over 26 years of retirement, your CalSTRS pension will pay approximately $1,381,250 in total benefits including simple COLA adjustments.
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