DRS Members : On Track : Step-By-Step Method

To estimate whether your pension, along with Social Security and your personal retirement savings are likely to meet your income needs follow the steps below.

Step 1 - Estimate your pension under PERS, TRS or LEOFF using the online calculator.
If you are a member of PERS 3 or TRS 3, you will also need to estimate the income from the savings side of your retirement plan.

Step 2 - The most accurate estimate of future Social Security income is the statement mailed to your home each year. If that is not available, use the online calculator to estimate your Social Security.

Step 3 - Using the information from steps 1 and 2 above, click on the calculators below to estimate whether your pension and social security are likely to meet your income needs in retirement. If there's likely to be a shortfall, you can determine how much you would need to increase your savings through the Supplemental Retirement Account, or delay your retirement.

Because the assumptions and methodology vary with each of these sites, it's a good idea to try more than one and compare your results.

• Money Magazine Calculator
• TIAA-CREF Calculator
• Vanguard Calculator
• Fidelity Calculator

If you would prefer a printed worksheet, we will send one to you through campus mail. Click here to order.

NOTE: The University and the Benefits Office staff cannot provide investment advice to employees.