Pension Plan Retirement Options Calculator
Pension Plan Retirement Options Calculator
Compare pension payout options for you and your spouse.
What This Number Means
This comparison is only one part of the decision. Before you elect a payout option, consider:
How payout options differ for you and your spouse
The trade-off between a higher single-life benefit and survivor protection
How each option's total lifetime payout compares
Whether a survivor benefit is necessary given other assets
Which option best matches your household's income needs
How to Use This Calculator
1
Enter your pension benefit amounts: Input the benefit amount offered under each payout option.
2
Add ages for you and your spouse: Enter both ages, since survivor options depend on life expectancy.
3
Select options to compare: Choose the pension payout options you're weighing.
4
Review the comparison: See how each option performs for you and your spouse over time.
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