Are you on the right track for saving for retirement? Do you have any idea what your retirement income will be? The Federal Ballpark Estimate is an easy-to-use tool that helps you quickly identify whether you have saved enough to have a comfortable retirement.
The Federal Ballpark Estimate is for Federal employees covered by the Civil Service Retirement System (CSRS) or CSRS-Offset, or the Federal Employees Retirement System (FERS).
To use this calculator, you will need to know the following:
What retirement plan are you covered by?
What is your Retirement Service Computation Date (SCD)?
What is your current wage (annual salary - no overtime)?
What is your current balance in the Thrift Savings Plan (TSP)?
What is your contribution rate to the Thrift Savings Plan (TSP)?
What is the balance of your non-TSP savings?
If you have gathered all of the above information, you are ready to try the Federal Ballpark Estimate at http://www.opm.gov/retire/tools/calculators/ballpark/BallparkIntro.asp
Remember, this is only an estimate. If you are within 3 years of eligibility for retirement, please contact the servicing Benefits Specialist for your program for more accurate CSRS or FERS retirement calculation. Contact your Benefits Specialist (PDF) if you have any questions about creditable service for retirement.
(For employees of USDA Marketing and Regulatory Programs and the Merit Systems Protection Board)