Pension calculators · Rules checked November 2026

PSERS 2 Pension Calculator

Estimate your monthly PSERS 2 pension in under a minute. PSERS covers certain public safety jobs, such as corrections officers. Enter the age you’d like to retire, your years of service and your pay.

How the PSERS 2 formula works

Your yearly PSERS 2 pension is 2% of your average final compensation (AFC) for each year of service. AFC is the average of your highest-paid 60 consecutive months.

Example: $80,000 pay, 25 years of service, retiring at 60: $80,000 ÷ 12 × 50% = $3,333 a month.

When you can retire from PSERS 2

Full pension at 65 with 5 years of service, or at 60 with 10 years of PSERS service.
Early retirement from 53 with 20 years: 3% less for each year before 60.

Then the bigger question: is it enough?

The pension is usually the biggest piece, but it’s one piece. The free Washington Retirement Scorecard adds your savings and Social Security, shows your monthly income against your spending before and after Social Security, what one more year of work is worth, and the three things to work on first. Your numbers from this calculator carry over.

What this estimate leaves out

Survivor options. It shows the single-life amount, the highest option. Choosing a survivor benefit for a spouse lowers it.
Months. It counts whole years; DRS counts months.
Service credit purchases, and pay rules that differ by plan, like which overtime counts.
Cost-of-living raises. Pay and pension are in today’s dollars. After you retire, these pensions get a yearly cost-of-living raise of up to 3%.
Plan 1. This calculator covers Plan 2 and Plan 3 (PSERS 2, LEOFF 2 and WSPRS 2 too), not Plan 1.

For your official number, request a benefit estimate in your DRS online account at drs.wa.gov. DRS suggests doing it 3 to 12 months before you retire. Every formula behind this calculator is written out on the how it works page.

Common questions

How is the PSERS 2 pension calculated?

Your yearly PSERS 2 pension is 2% of your average final compensation (AFC) for each year of service. AFC is the average of your highest-paid 60 consecutive months.

When can I retire from PSERS 2 without a reduction?

At 65 with 5 years, or at 60 with 10 years of PSERS service.

Can I retire early from PSERS 2?

Yes, from 53 with 20 years, at 3% less for each year before 60.

Is this the same as my official DRS estimate?

No. It uses the plan’s published formula, so it’s a close estimate, not your official benefit. Your official estimate is in your DRS online account at drs.wa.gov. DRS suggests requesting one 3 to 12 months before you retire.