Pension Plan Retirement Options Calculator
Your results
Highest value if you both reach life expectancy
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Highest value if you die early
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Monthly cost of a 100% survivor pension
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Years your spouse may outlive you
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Values are in dollars at the age your pension starts, discounted at your rate. The survivor amount is paid to your spouse after your death; the guaranteed period pays your beneficiary the full amount until the period ends. If your spouse dies first, joint options keep paying you the reduced amount.
Each option compared
Your payment, what continues after your death, and the value of each option. The last column shows how long you would need to live for single life to come out ahead.
| Option | You receive | After your death | Value, life expectancy | Value, early death | Single life wins if you live past |
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Value by your age at death
What each option is worth to your household depending on when you die, assuming your spouse lives to their life expectancy.
| Your age at death | Single life | Joint 50% | Joint 75% | Joint 100% | Guaranteed period |
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Results are estimates for educational purposes and are not financial, tax or legal advice.
Compare the payment forms your pension plan offers, from single life to joint and survivor and guaranteed-period options, and see what each is worth to you and your spouse depending on how long you live. If you want to see how the figures change, the rmd calculator online gives you an instant result you can adjust as you go.