OPM calculator helps project retirement savings

Not sure about how much you need to save for retirement? A new online tool from the Office of Personnel Management helps feds figure out how to plan and include...

Not sure how much you need to save for federal retirement? A new online tool from the Office of Personnel Management helps feds figure out how to plan for how to save. It also includes projections for annuities and Thrift Savings Plan benefits.

The Federal Ballpark E$timate tool can be used by CSRS, CSRS-Offset and FERS employees, according to the OPM website.

The tool is a long-term planner, and feds within three years of retirement should contact their human resources office for a more specific annuity estimate, according to OPM.

In particular, feds early on in their careers can benefit from using the estimator. “This is because the FBE will get you thinking about how the way you save can be beneficial to you down the road to retirement. It’s never too early!” according to OPM.

More federal retirement stories.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.

    IVF, Invitro fertilization

    Senate GOP blocks bill to expand IVF access as advocates call for better FEHB coverage

    Read more
    Amelia Brust/FNNFederal budget request concept

    Policy riders to watch as House appropriators mark up 2025 spending bills

    Read more