Army Retirement Calculator

I used one of these online calculators

and just for fun I plugged in that I served

20
E-8 when I retire
and my year of retirement is 2029 (I know it's a long way off)

He said it would make 4000 + a month when I retire from those credientals

Is this true?

Does it pay to serve 20 years

If you can play your cards, take advantage of all educational opportunities while you can really be worth it. With the way my husband is now, he will retire at 38 with a master if not his thesis, no student debt and 50% of his base salary plus medical and dental care for us two.
Does not sound to bad for me especially in the economic climate.
It is worth thinking.
:-)

What does not take into account your age at retirement. If you join the army at 18, you retire at 38, then you start your second career, work until you're 60-65, then remove again. 2 retirements, 2 checks. Now, say a second career with the federal government, if that is the case of these 20 years in uniform would also be taken into account for your retirement second.

And then there are medical benefits.

So, yes, it pays in the long term.

There are certain things that many people do not take into account when thinking about military retirement. You will get health care for life. There are many civilian jobs do not offer health care after retirement. Think for a minute. How do you think it will cost if you pay yourself when your over 50 or 60 years? Most people have significant health problems that cost thousands or tens of thousands of dollars annually. With the retirement of the army, the cost is almost nothing in comparison.

Also, if you retire from active service 20 years and enrolled when you were 18 you will only be 38 when you leave. Think too. You will receive a pension check PLUS be able to work a civilian job. Many people at my work are retired military so that they are for manufacturing 5 - 8 months ka more control of retirement.

If a person that provides the right to retire from the army is an intelligent decision.

Yes. The allowance for retirement is a kind of vague because there will be salary increases, but inflation also by the time you retire.

This is not just money. A huge advantage is that when you retire, your health care is covered in life. You also have access to the PX and Commissioner (not a huge advantage, depends on where you live); military recreational facilities (compare the cost of golf courses in Hawaii for private and military). You can also remove very young that you can start a second career.

Twenty years from now this figure of $ 4,000.00 will be much higher, if you get a college degree while serving to add to your CV. My nephew has just retired after thirty years in the Navy. He gets his retirement check every month and walked right into a position to pay very high HR expertise nationally important company. Add all blessed by the VA and he is sitting pretty. Sucker just paid cash for a new fully loaded Cadillac STS.

Have you done the math to calculate the amount you contribute? Sucks! It is a great return! You basically get 50% of your base salary (there's a little math on that number, but close enough) without any input from you, and you may be enrolled only 38 years!

You can go to work part time and have fun. Of course, if you are married with children, you will be looking for work, but it's still a good deal!

Oh, there you get a good retirement check and then you can go work at another job and then get more money than this job. then when you retire from this job, you get two pension checks. e.