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Stop Working in TRS at Age57Age you stop working in a TRS-covered position
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Draw Pension at Age57Age you start drawing TRS pension
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Years of Service34TRS years of service at retirement.
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Percentage Multiplier78.2%2.3% for each year of service
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Current 403b/457/IRA Balance$0Current balance in your tax-advantaged account
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Monthly Investment$500Monthly contribution to tax-advantaged account going forward for remainder of your career (assumes no match)
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Years Remaining to Invest34Number of years remaining in your career that you will invest in your tax-advantaged account
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Annual Return7%Annual interest rate earned on tax-advantaged account
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Value of Investment$769,553Total accumulated in tax-advantaged accounts at time of stopping working in a TRS-covered job
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Average Base Salary$74,000Average of your highest five years of salary
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Replacement Percentage90%Percent of final average salary you want to live on after stopping working in a TRS-covered job
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Yearly Increase through age 652%Increase in living expenses per year (inflation) through age 65; also assumed inflation rate
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Yearly Increase after age 651%Increase in living expenses per year (inflation) after age 65; spending inflation rate after 65, but assume inflation itself is still what's in B12
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Survivor Option Reduction1.00If you choose any of the survivor options, you will need to enter the reduction factor here (estimate from tables or contact TRS for exact factor)
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Early Retirement Reduction0.75If you take early retirement, enter the reduction factor here (estimate from tables or contact TRS for exact factor)
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For Reference
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AgeTRS Pension
(yearly)
TRS Pension
(monthly)
457/403b/IRA
Withdrawal
(yearly)
457/403b/IRA
Withdrawal
(monthly)
Percent of Projected
457/403b/IRA
Balance (yearly)
457/403b/IRA
Balance
Total to
live on
(yearly)
Total to
live on
(monthly)
457/403b/IRA
Withdrawal
(yearly)
Withdrawal amount
using 4% "Rule"
with yearly inflation
increase (yearly)
Cost of health insurance
(monthly, employee only)
Health Insurance Cost
as a Percent of
Monthly Expenses
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57$43,401$3,617$23,199$1,9333.01%$798,598$66,600$5,550$23,199$30,7820.00%
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58$43,401$3,617$24,531$2,0443.07%$828,252$67,932$5,661$24,531$31,3980.00%
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59$43,401$3,617$25,890$2,1573.13%$858,528$69,291$5,774$25,890$32,0260.00%
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60$43,401$3,617$27,275$2,2733.18%$889,440$70,676$5,890$27,275$32,6660.00%
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61$43,401$3,617$28,689$2,3913.23%$921,004$72,090$6,007$28,689$33,3200.00%
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62$43,401$3,617$30,131$2,5113.27%$953,234$73,532$6,128$30,131$33,9860.00%
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63$43,401$3,617$31,601$2,6333.32%$986,147$75,002$6,250$31,601$34,6660.00%
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64$43,401$3,617$33,101$2,7583.36%$1,019,758$76,502$6,375$33,101$35,3590.00%
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65$43,401$3,617$33,866$2,8223.32%$1,054,904$77,267$6,439$33,866$36,0660.00%
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66$43,401$3,617$34,639$2,8873.28%$1,091,684$78,040$6,503$34,639$36,7870.00%
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67$43,401$3,617$35,420$2,9523.24%$1,130,203$78,821$6,568$35,420$37,5230.00%
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68$43,401$3,617$36,208$3,0173.20%$1,170,575$79,609$6,634$36,208$38,2740.00%
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69$43,401$3,617$37,004$3,0843.16%$1,212,921$80,405$6,700$37,004$39,0390.00%
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70$43,401$3,617$37,808$3,1513.12%$1,257,371$81,209$6,767$37,808$39,8200.00%
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71$43,401$3,617$38,620$3,2183.07%$1,304,063$82,021$6,835$38,620$40,6160.00%
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72$43,401$3,617$39,440$3,2873.02%$1,353,147$82,841$6,903$39,440$41,4290.00%
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73$43,401$3,617$40,269$3,3562.98%$1,404,779$83,670$6,972$40,269$42,2570.00%
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74$43,401$3,617$41,105$3,4252.93%$1,459,131$84,506$7,042$41,105$43,1020.00%
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75$43,401$3,617$41,950$3,4962.88%$1,516,384$85,351$7,113$41,950$43,9640.00%
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76$43,401$3,617$42,804$3,5672.82%$1,576,730$86,205$7,184$42,804$44,8440.00%
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77$43,401$3,617$43,666$3,6392.77%$1,640,379$87,067$7,256$43,666$45,7410.00%
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78$43,401$3,617$44,537$3,7112.72%$1,707,551$87,938$7,328$44,537$46,6550.00%
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79$43,401$3,617$45,416$3,7852.66%$1,778,485$88,817$7,401$45,416$47,5890.00%
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80$43,401$3,617$46,304$3,8592.60%$1,853,433$89,705$7,475$46,304$48,5400.00%
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81$43,401$3,617$47,201$3,9332.55%$1,932,668$90,602$7,550$47,201$49,5110.00%
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82$43,401$3,617$48,107$4,0092.49%$2,016,480$91,508$7,626$48,107$50,5010.00%
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83$43,401$3,617$49,022$4,0852.43%$2,105,180$92,423$7,702$49,022$51,5110.00%
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84$43,401$3,617$49,947$4,1622.37%$2,199,100$93,348$7,779$49,947$52,5420.00%
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85$43,401$3,617$50,880$4,2402.31%$2,298,595$94,281$7,857$50,880$53,5920.00%
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86$43,401$3,617$51,823$4,3192.25%$2,404,046$95,224$7,935$51,823$54,6640.00%
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87$43,401$3,617$52,775$4,3982.20%$2,515,860$96,176$8,015$52,775$55,7580.00%
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88$43,401$3,617$53,737$4,4782.14%$2,634,472$97,138$8,095$53,737$56,8730.00%
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89$43,401$3,617$54,708$4,5592.08%$2,760,347$98,109$8,176$54,708$58,0100.00%
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90$43,401$3,617$55,689$4,6412.02%$2,893,984$99,090$8,258$55,689$59,1700.00%
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91$43,401$3,617$56,680$4,7231.96%$3,035,915$100,081$8,340$56,680$60,3540.00%
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92$43,401$3,617$57,681$4,8071.90%$3,186,711$101,082$8,424$57,681$61,5610.00%
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