FedHorizon Beta — reports are free while we test calculations and gather feedback from federal employees. Optional paid features are planned after the beta.
TimelineReportsToolsPricingBlogSee My Retirement Scenarios →

The Report

Federal Retirement Decision Report

Finally see your retirement clearly — before you decide. Twelve sections of OPM-sourced analysis: pension, supplement, TSP, Social Security, survivor election, and more — in a single advisor-shareable PDF.

See My Retirement Scenarios →Try the Free Estimate →

Free during beta · view and download right here in minutes

For FERS employees (including FERS-RAE and FERS-FRAE). CSRS and CSRS Offset aren't supported.

See a sample reportDownload sample PDF

Twelve sections

What's in every report

Every section is built on OPM-sourced formulas — no black box, no unexplained numbers.

Sample report — illustrative data only

See a sample reportDownload sample PDF

Federal Retirement Decision Report — Section 2
OPM formula engine
What changes when you wait?
Monthly pension by retirement age
Diane Morales · GS-13 · 28 yrs service · High-3: $108,200
Age 57 · MRA
$2,976
/month pension
+ $1,486 supplement
= $4,462 total
Age 60
$3,246
/month pension
+ $1,712 supplement
= $4,958 total
Age 62 · 1.1×
$3,769
/month pension
No supplement
= $3,769 total
Break-even (age 57 vs 62): Age 90+10 more sections in full report
Report sections

1 Executive summary · 2 Side-by-side comparison · 3 Break-even analysis · 4 Survivor & spouse protection · 5 Military buyback analysis† · 6 Deferred vs. postponed retirement† · 7 FEHB retirement eligibility · 8 Three-Legged Stool Analysis · 9 Net Monthly Income Projection · 10 Assumptions & methodology · 11 Risk & sensitivity · 12 Prioritized action plan

† Included when your answers call for it.

Sample report — illustrative data only

Federal Retirement Decision Report — Section 3
When does waiting actually pay off?
Break-even analysis — cumulative lifetime income
Diane Morales · GS-13 · 28 yrs service · High-3: $108,200
Retire at 57
by age 80 (incl. supplement)
$911k
Retire at 60
by age 80 (incl. supplement)
$820k
Retire at 62
by age 80 (1.1× multiplier)
$814k

Pension and FERS Supplement only, in nominal dollars — no COLA or inflation adjustment, matching the report's own convention. A conservative basis: real COLAs would add to every total. Age 57 edges out age 60 because five years of earlier payments outweigh the higher pension by 80 on this basis.

Break-even age (57 → 62): 90. If you live past 90, retiring at 62 generates more total lifetime income.
Retiring at 62 instead of 57: −$96,432 by age 80+10 more sections in full report

Sample report — illustrative data only

Federal Retirement Decision Report — Section 4
Is your spouse protected if you die first?
Survivor benefit election — cost vs. protection
Diane Morales · GS-13 · Retiring at 60 · Gross pension: $3,246/mo
0% Election
No protection
Monthly cost$0/mo
Your pension$3,246/mo
Spouse gets if you die first$0
Spouse receives nothing
25% Election
Partial protection
Monthly cost−$162/mo
Your pension$3,084/mo
Spouse gets if you die first$812/mo
Spouse consent required to waive
50% Election
Full protection
Monthly cost−$325/mo
Your pension$2,921/mo
Spouse gets if you die first$1,623/mo
Most common — provides full half
How the election works: The full (50%) election reduces your pension by about 10% ($325/mo here). If you die first, an eligible spouse receives 50% of your unreduced pension ($1,623/mo) for life. The partial (25%) election costs about 5% and pays 25%. Whether either one comes out ahead depends on how long you and your spouse live — so the report shows the cost and the protection, not a single break-even age.
This election is permanent and irrevocable once your retirement begins. Your spouse must consent in writing to waive or reduce survivor protection.
Cost: ~10% of pension (50%) · ~5% (25%)+10 more sections in full report

Sample report — illustrative data only

Federal Retirement Decision Report — Section 9
What actually hits your bank account?
Net monthly income — deductions applied
Diane Morales · GS-13 · Retiring at 60 · Gross pension: $3,246/mo
Retiring at age 60 · deductions applied
Gross FERS annuity$3,246
FEHB premium (Self Plus One, OPM avg. est.)−$599
Federal income tax, pension share (est.)−$136
Survivor benefit, 25% election−$162
Estimated monthly deposit (pension only)$2,349
Beginning at age 65: Medicare Part B (not deducted above)−$203
The FERS Supplement ($1,712/mo until 62, before its own share of federal tax) is paid on top of this pension deposit.
Age 57
$2,121/mo
net pension deposit
Age 60
$2,349/mo
net pension deposit
Age 62
$2,892/mo
net pension deposit
Monthly difference (age 57 → 62): +$771/mo+10 more sections in full report

Sample report — illustrative data only

1
Executive summary
Plain-English narrative leading with your key finding. e.g. "Retiring at 62 instead of 57 increases your monthly pension by $793. The break-even point is age 90."
2
Side-by-side comparison
Monthly FERS annuity, supplement, total income, and TSP balance at each of the two or three retirement ages you choose.
3
Break-even analysis
Cumulative lifetime income per scenario. Break-even age stated clearly. FERS Supplement head start shown explicitly.
4
Survivor & spouse protection
0% / 25% / 50% election modeled. Monthly cost and what your spouse receives if you die first.
5
Military buyback analysis
Have prior military service?
Triggered by prior military service input. Deposit amount, interest to date, payback period, and monthly annuity increase.
6
Deferred vs. postponed retirement
Leaving early or considering MRA+10?
Triggered by early separation or MRA+10 inputs. Annuity reduction modeled, FEHB portability shown, break-even comparison presented.
7
FEHB retirement eligibility
5-year continuous coverage rule checked. Gap risk identified. Remediation timeline shown. Medicare Part B coordination at 65 addressed.
8
Three-Legged Stool Analysis
FERS pension, estimated Social Security (at ages 62/67/70), and projected TSP drawdown shown side-by-side per scenario. Quantifies total retirement income across all three legs — a figure most federal employees have never seen combined. (The planned TSP Withdrawal Report will add Monte Carlo probability modeling showing the likelihood your balance lasts to 85, 90, or 95.)
9
Net Monthly Income Projection
Translates gross pension into the estimated monthly deposit by applying FEHB premium, federal tax withholding, Medicare Part B (age 65+), and survivor benefit cost. Displays 'Estimated Monthly Deposit' per scenario.
10
Assumptions & methodology
Plain-English explanations generated from validated outputs. Every assumption disclosed. OPM source cited per formula. Reliance disclaimer embedded.
11
Risk & sensitivity
High-3 variance, longevity, FERS COLA cap, TSP return sensitivity, earned income test, legislative risk. When to involve a licensed professional, and which kind. (The planned TSP Withdrawal Report will replace fixed-rate TSP sensitivity with full Monte Carlo simulation.)
12
Prioritized action plan
Concrete next steps ranked by financial impact. Includes agency HR deadlines, TSP contribution targets, FEHB open season timing, and survivor election guidance — so you leave with a clear to-do list, not just numbers. A printable verification checklist lists what to confirm with HR, OPM, SSA and the TSP, and a sources-and-assumptions appendix shows what each calculation rests on.

Your full retirement picture, in one document.

Twelve sections. OPM-sourced formulas. Advisor-shareable PDF.

See My Retirement Scenarios →Try the Free Estimate →

Free during beta · view and download right here in minutes

The Federal Retirement Decision Report is the flagship — more tools are on the way. See the full roadmap →