How can you get the military to give you a $1,167,448 bonus? It’s simple: All you have to do is retire with an annual pension of $35,000 at age 43 after 20 years of service. Assuming you receive your pension until age 85, $1,167,448 is how much your military pension is worth in the civilian world.
We all know military benefits are pretty good. You get mess hall and PX privileges. You can take advantage of on-base housing and living subsidies, including medical care. And you get a pension – an incredible pension! In fact, it’s so good that few people in civilian positions ever get this kind of opportunity. So let’s examine the numbers behind a military pension.