STRS Retirement Calculator
Estimate your State Teachers Retirement System (STRS) pension based on your years of service, final average salary, and age factor multiplier. Used in Ohio, California, and other states.
Teaching Career Details
Retirement Age
STRS Pension Score
Your STRS pension is a solid foundation. Consider supplementing with a 403(b) or IRA for additional retirement security.
Monthly Benefit
$3,150
Salary Replacement
54%
Monthly Pension
$3,150
$37,800/year
Salary Replacement
54%
of $70,000
Lifetime Value
$1,210,745
over 25 years
Benefit Factor
60.0%
2% x 30 years
Early Retirement Penalty: 10% reduction
Retiring at 63 is 2 years before the STRS normal retirement age of 65. Your benefit is reduced by 5% per year = 10% total. Waiting until 65 would provide the full unreduced benefit.
STRS Pension Income Over Time
Annual pension with COLA adjustments through retirement
Personalized Insights
Actionable recommendations based on your numbers
Fully vested with 30 years of service
You have met the 5-year vesting requirement. Your STRS pension benefit is secured regardless of when you leave teaching.
54% salary replacement
Your STRS pension covers 54% of your final salary. Supplement with a 403(b), 457(b), or IRA to reach the recommended 70-80% total replacement rate.
10% early retirement reduction
Retiring at 63 is 2 years before the normal retirement age of 65. Your benefit is reduced by 5% per year, totaling a 10% reduction. Waiting until 65 would provide the full unreduced benefit.
2% COLA provides inflation protection
Your STRS pension increases by 2% each year. After 20 years, your annual benefit grows from $37,800 to $56,169, helping maintain your purchasing power.
Age factor: 2% per year of service
Your 2% age factor is within the typical STRS range. With 30 years of service, your total benefit factor is 60.0% of final average salary.
Lifetime pension value: $1,210,745
Over 25 years of retirement, your STRS pension will provide approximately $1,210,745 in total benefits including COLA adjustments. This guaranteed income is a cornerstone of your retirement plan.
Related Retirement Calculators
Explore the next planning questions readers usually compare with this calculator.