The Final Pay Calculator is a tool used by military members to estimate their final pay when they separate or retire from the military. Final pay is the pay that a military member receives for their final month of service based on their rank and years of service.
To use the Final Pay Calculator, follow these steps:
- Visit the Final Pay Calculator website at https://militarypay.defense.gov/Calculators/Final-Pay/.
- Enter your rank at the time of separation or retirement. You can find your rank on your most recent Leave and Earnings Statement (LES) if you are unsure of your rank.
- Enter your years of creditable service. This is the total number of years and months that you have served in the military, including active duty time and any time spent in the National Guard or Reserves.
- Enter your date of separation or retirement. This is the date that you plan to leave the military.
- Click “Calculate” to see your estimated final pay.
Benefits of using the Final Pay Calculator include:
- Accuracy: The Final Pay Calculator uses the latest pay tables and information from the Defense Finance and Accounting Service (DFAS) to accurately estimate your final pay.
- Planning: Using the Final Pay Calculator, you can plan ahead and better understand your financial situation when you retire from the military.
- Quick and easy: The Final Pay Calculator is a quick and easy tool, requiring only a few pieces of information to estimate your final pay.
Overall, the Final Pay Calculator is a valuable tool for military members who are planning to separate or retire from the military and want to better understand their final pay.
Other Military Leave Pay Calculators
Several military leave pay calculators are available online to help service members and their families estimate their leave pay. Here are a few examples:
- The Defense Finance and Accounting Service (DFAS) Leave Calculator allows service members to calculate their leave balance and estimate the amount of leave they will be paid for upon separation from the military. It can be accessed through the DFAS website at https://www.dfas.mil/militarymembers/payentitlements/Pay-Tables/Leave-Calculator/.
- The Military.com Leave Calculator: This calculator allows service members to estimate their leave pay based on their rank, years of service, and days of leave accrued.
- The USAA Military Separation Pay Calculator: This calculator allows service members to estimate their separation pay, including leave pay, based on their rank, years of service, and other factors. It can be accessed through the USAA website at https://www.usaa.com/inet/wc/advice-military-separation-pay.
It’s important to note that these calculators provide estimates and may not reflect the final amount of leave pay a service member will receive upon separation. It’s always a good idea to consult with a financial advisor or military personnel office for more detailed information on leave pay and other retirement benefits.
Army Retirement Sources
- Army Retirement Services: This website provides information on Army retirement benefits and services, including pay, health care, survivor benefits, and more. It also offers retirement calculators and other tools to help service members plan for retirement. https://soldierforlife.army.mil/Retirement
- Defense Finance and Accounting Service: This website provides information on military pay and retirement, including retired pay calculators, pay charts, and guidance on retirement processing. https://www.dfas.mil/retiredmilitary.html
- Army Echoes: This publication is produced by the Army Retirement Services Office and provides information and guidance on a range of topics related to Army retirement, including benefits, pay, and survivor support. https://soldierforlife.army.mil/retirement/echoes
- TRICARE: This website provides information on health care benefits available to military retirees and their families, including the TRICARE Prime, Standard, and Extra plans. https://tricare.mil/Retirees
- Army Knowledge Online (AKO): AKO is the Army’s online portal for personnel and offers a range of services and resources, including retirement calculators, pay statements, and retirement processing information. https://www.us.army.mil/