Focused Tool

Lifetime Pension Value Calculator

See what your LEOFF pension could pay over time, not just what it pays in one month. This tool estimates service credit, monthly pension, annual pension, and the cumulative value of those payments through a target age.

It is designed for Washington LEOFF members who want to make the pension feel tangible before moving into the full retirement calculator, the Retirement Age Comparison Tool, or the Survivor Benefit Estimator.

Best For

Making the pension feel real

Use this when you want to understand the size of the pension over time before comparing broader retirement choices.

Use Before

Age comparison or full planning

See the magnitude of one pension path first, then compare ages or test the same pension inside the full retirement plan.

Next Step

Compare or model it

After this, move into the age-comparison tool or the full planner once you want timing, expenses, assets, and risk on screen together.

Compare Ages Open Full Planner

Scenario Inputs

Birth Year Retirement Age LEOFF Start Year Final Average Salary Pension COLA (%) Benefit Enhancement Value Through Age

What This Tool Shows

Estimated service credit at your chosen retirement age
Monthly pension and annual pension
Percentage of final average salary replaced by the pension
Cumulative pension value through a target age
Combined value when the `2% Pension + Lump Sum` enhancement is selected

How value is measured here

This is cumulative pension paid over time, not discounted present value. It answers: roughly how many pension dollars would be paid by age 75, 80, 90, or another target age?

Formula basis

Base pension = `FAS x service years x 2.0%`

If `Tiered Multiplier` is selected, the calculator also includes the bonus `0.5% x FAS` for service years 16 through 25.

Go deeper

Use the Retirement Age Comparison Tool to compare multiple retirement ages side by side, or the Survivor Benefit Estimator to see how spouse protection changes the pension tradeoff.

Lifetime Value Estimate

Run the calculator to estimate monthly pension, cumulative value, and the tradeoff of waiting one more year.

Enter inputs and run the calculator.

Service Credit

Monthly Pension

Annual Pension

% Of FAS

Value Through Target Age

If You Wait One More Year

Optional Lump Sum

Swipe sideways to compare milestone totals on smaller screens.

Through Age	Years Collected	Cumulative Pension	Including Lump Sum
No lifetime-value estimate has been run yet.

What "lifetime pension value" means here

This calculator estimates how much pension income would be paid by a selected age, such as 75, 80, 90, or 95. It is not a discounted investment present-value model. It is a planning tool for seeing the scale of your pension benefit over time.

Why this matters for LEOFF retirement decisions

Many members know their estimated monthly pension but still struggle to feel what that means over a long retirement. Seeing the cumulative value can make retirement timing, service credit, and benefit-enhancement choices more concrete.

How to use this with the other tools

Use this page to understand the size of one pension path, then move to the Retirement Age Comparison Tool for side-by-side timing tradeoffs or the Survivor Benefit Estimator to evaluate household protection tradeoffs.