This tool assists Federal Employees Retirement System (FERS) participants in estimating the potential value of a supplemental annuity. This annuity is a voluntary retirement savings option available to FERS employees, allowing them to contribute additional funds beyond their regular FERS contributions to enhance their retirement income. The output provides an estimated future annuity value based on projected contributions, interest rates, and other user-defined parameters.
Planning for retirement effectively requires careful consideration of various income streams. Utilizing this forecasting instrument provides valuable insights into the potential impact of supplemental savings on overall retirement security. It allows individuals to explore different savings scenarios, understand the effects of various investment strategies, and ultimately make informed decisions about their retirement planning. Historically, such resources were less accessible, often requiring complex manual calculations. Today, these tools provide convenient and relatively accurate projections.