What is the average military retirement pay?

or what do you get and what rank did you leav as

Public Comments

1. Half of base pay after 20 years, prorated for every year thereafter.
2. It is 50 percent of your average base pay for the highest three years of your pay if you get out at 20 years unless you take the $30,000 Redux at your 15 year mark, which will reduce it to 40 percent. It goes up every year after that until it maxes out at 75 percent at 30 years. This does not include BAH and BAS, two things you get while you are in.
3. Half of your base pay after 20 years. Three fourths of your base pay after 30 years. And all of your base pay after 40 years. Those years have to be served honorably. The amount of retirement pay is dependent upon not only how long you served but at what rank.
4. Around 4K monthly 28 years 0-5
5. There is no "average" as it's based on your rank, time in grade at time of retirement, and total years active duty. 50% of the average of your highest three monthly base pays. It goes up 2.5% a year after that. So in my case I get O5 pay at 24 years averaged over my top three multiplied by .60. This is strictly base pay, it doesn't include flight pay, hazardous duty pay, language pay, command/sea pay etc, nor are allowances considered. Yes, it is both Federal and State taxable (though some states exempt military retirement). Any disability one receives is deducted from this monthly amount, UNLESS it was combat related and/or you are rated at 50% or more disabled. (This deduction will eventually go away in 2-3 years-it's a hold over from the Civil War as a matter of fact.)
6. If you spend 20 years; then you get 50% of your base pay. If you spend 30 years then you get 75% of your base pay. How high up in rank you climb determines your base pay. My take-home pay was about $5,000/month when I got to 20 years. My base pay was about $2800/month when I retired. I now get about $1400/month.