Military Retirement Comparison Calculator Released

"...The long-awaited Defense Department retirement calculator has arrived, designed to help service members choose between the existing and incoming retirement systems as they plan their long-term financial future.

The calculator, labeled a "beta version" but available to anyone at militarypay.defense.gov/Calculators/BRS/, asks for basic information such as age, years of service, rank and estimated years of service at the time of separation and retirement. It fills in the blanks for items such as expected rate of investment return, life expectancy, Thrift Savings Plan contribution percentage and career progression, but users can alter those fields, and others, to tailor their results.

After the user enters all the data, the calculator will offer a comparison between the plans...."

Read more at Military Times