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CalSTRS 2% at 60 Retirement Calculator

California State Teachers' Retirement System

✓ Free, instant, private. No login required.

55

Min Age

60

Reference Age

63

Max Factor Age

2%

COLA Cap

Use this free calculator to estimate your 2% at 60 retirement benefit under the CalSTRS category. CalSTRS members hired before 1/1/2013 (Defined Benefit Program). This formula applies to classic members. Enter your planned retirement age, years of service, and final compensation below for an instant estimate with a full calculation breakdown.
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CalSTRS 2% at 60 — Frequently Asked Questions

Is my information stored or shared?▾
No. All calculations happen entirely in your browser. No personal information — including your salary, age, or pension estimate — is sent to any server, stored, or shared. This calculator is completely private and requires no login.
Does CalPERS affect my Social Security benefits?▾
Some CalPERS formulas are Social Security covered, meaning you pay into both CalPERS and Social Security. Others are not covered, meaning you do not pay Social Security taxes and may be subject to the Windfall Elimination Provision (WEP) if you have Social Security credits from other employment.
What is a replacement rate?▾
The replacement rate is the percentage of your final compensation that your pension replaces. For example, a 2% benefit factor with 30 years of service gives you a 60% replacement rate, meaning your pension would be 60% of your final compensation.
What are the survivor benefit options?▾
CalPERS offers four retirement options: Unmodified (no survivor benefit, highest monthly payment), 100% Survivor (your beneficiary receives the same monthly benefit after your death), 75% Survivor, and 50% Survivor. Choosing a survivor option reduces your monthly pension. The reduction depends on your age and your beneficiary's age at retirement.
What is the CalSTRS career factor?▾
Classic CalSTRS members (2% at 60) who retire with at least 30 years of service credit earn an additional 0.2% added to their benefit factor — known as the career factor — up to a maximum benefit factor of 2.4%. PEPRA CalSTRS members (2% at 62) do not have a career factor.

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CalSTRS 2% at 60 vs 2% at 62

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Disclaimer: This calculator provides estimates for informational and educational purposes only. It is not financial, tax, or legal advice. All formulas are sourced from publicly available CalSTRS documents. Last verified: 2026-05-25. View official source