1. What is Federal Retirement Age?

The Federal Retirement Age is calculated based on your Minimum Retirement Age (MRA) and years of service under the Federal Employees Retirement System (FERS). Your MRA ranges from 55 to 57 depending on your birth year.

2. How Does the Calculator Work?

The calculator uses the basic FERS retirement formula:

Where:

• \( MRA \) — Minimum Retirement Age (56-57 years for most current employees)
• \( Years\ of\ Service \) — Total years worked in federal service

Explanation: This simple formula helps estimate when you'll be eligible to retire with full benefits under FERS.

3. Importance of Retirement Age Calculation

Details: Knowing your estimated retirement age helps with financial planning, determining pension benefits, and making career decisions in federal service.

4. Using the Calculator

Tips: Enter your Minimum Retirement Age (typically 56-57) and your expected years of service. The calculator will sum these values to estimate your retirement age.

5. Frequently Asked Questions (FAQ)

Q1: What is MRA for federal employees?
A: Minimum Retirement Age (MRA) ranges from 55 to 57 depending on birth year. For those born 1970 or later, MRA is 57.

Q2: Can I retire before reaching MRA?
A: Yes, but with reduced benefits. Early retirement options exist with 20 years service at age 60 or 5 years service at age 62.

Q3: How does years of service affect my pension?
A: Your pension is calculated as 1% of high-3 average salary × years of service (or 1.1% if retiring at 62+ with 20+ years).

Q4: What's the earliest I can retire with full benefits?
A: The earliest is age 55 with 30 years of service, or age 60 with 20 years, or age 62 with 5 years.

Q5: Are there exceptions to these rules?
A: Special provisions exist for law enforcement, firefighters, air traffic controllers, and other special category employees.