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Articles | Federal Retirement Calculator: OPM Releases Version 2.0 of Federal Ballpark E$timate
Federal Retirement Calculator: OPM Releases Version 2.0 of 'Federal Ballpark E$timate'
The Office of Personnel Management (OPM) has announced the second version
of its online Federal Ballpark E$timate (FBE) calculator which includes
projected federal annuity and Thrift Savings Plan benefits to help federal
employees identify approximately how much they need to save to fund a
OPM says FBE can be used by federal employees covered by the Civil Service
Retirement System (CSRS), CSRS-Offset, or the Federal Employees Retirement
System (FERS) who plan to retire under the voluntary age and service rules.
According to OPM, the current version does not perform estimates for
employees planning to retire under the Minimum Retirement Age (MRA) + 10 rules,
or those who are covered by special computation rules such as law enforcement
officers and firefighters, or former federal employees who may be entitled to a
"The Federal Ballpark E$timate is a retirement savings planning tool. It is
not an annuity estimate. If you are within 3 years of your planned retirement
date you should contact your human resource (HR) office for an annuity estimate.
It's very important to contact your human resource (HR) office well in advance
of your retirement for several reasons, including, ensuring that all your
service is accounted for and creditable towards retirement and that you are in
the correct retirement system; i.e., CSRS, CSRS Offset, or FERS. The Federal
Ballpark E$timate can be used as a guideline for your retirement needs," OPM
More information and access to the Federal Ballpark E$timate can be found