How Much is the Military Pension Worth? (Millions)

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In this video I give the example using the Blended Retirement Calculator on the defense.gov website:

BRS Comparison Calculator:
https://militarypay.defense.gov/Calcu...

In my example, I ran the numbers for a person born in July of 2001 who entered service at 18 in July of 2019, served 20 years, and lied to be 85.

Total pension benefit = $3,813,000

Assuming over the course of an individual's career they work 40,000 hours. I would then calculate that this person is earning $95 an hour in future pension benefit payouts.

If this enlisted person were to do just a six year enlistment and walk away before completing the 20 years, they would be giving up $1,144,000 in future pension benefits.

Running my personal numbers we have to be in the High-3 Legacy retirement system since I did not opt-in to the new system.

High-3 Calculator:
https://militarypay.defense.gov/Calcu...

I was born in May of 1984 and joined in April of 2016 at the age of 32. I plan to do 30 years and live to be 85.

Total pension benefit = $4,596,000

Assuming I work 40,000 hours over a 20 year period, I am making $115 an hour in future pension benefits. If I were to leave after 5 years, I would be giving up $1,149,000.

If you are in the Reserves or National Guard, you cannot start collecting your pension until you are 60 after meeting the point qualifications.

Final Pay Calculator:
https://militarypay.defense.gov/Calcu...

REDUX Calculator:
https://militarypay.defense.gov/Calcu...

RMC Calculator:
https://militarypay.defense.gov/Calcu...

SCAADL Calculator:
https://militarypay.defense.gov/Calcu...

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DISCLAIMER:
This video is for entertainment purposes only. I am not in any way acting as an agent or representative of the Department of Defense or United States Federal Government when presenting this information. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.

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