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Military Retirement app for iPhone and iPad


4.4 ( 784 ratings )
Reference Finance
Developer: LYNNFIELD LLC
3.99 USD
Current version: 6.4.1, last update: 1 month ago
First release : 25 Sep 2012
App size: 2.43 Mb

Military Retirement is an application intended to assist military personnel from all branches of military service by informing them of their benefits upon retirement from military service. Military Retirement gives assistance by calculating an estimation of retirement pay based on your personal information. Military Retirement incorporates four years of pay tables to provide the highest degree of accuracy. Compare multiple scenarios to determine which retirement option is best for you.

Specifically, Military Retirement will calculate
• RETIREMENT PAY : Based on Rank, Years and Months of Service, and Date of Retirement
• SURVIVOR BENEFIT PLAN : Benefit and Premium
• TRICARE MEDICAL INSURANCE : Options and Premium
• DISABILITY PAY : Based on disability rating
• VETERANS GROUP LIFE INSURANCE : Coverage and Premium
• FEDERAL TAXES : Based on filing status

** Note **
Information provided by Military Retirement should be used for educational and initial informative purposes only. Should not be used to plan retirement budget, as actual financial figures may slightly differ.

Pros and cons of Military Retirement app for iPhone and iPad

Military Retirement app good for

App allows you to get a general idea of Military Retirement pay, also allows you to create profiles for different options (I.e. See what the pay difference is between 21 vs 24 yrs). So far its pretty cool
App does as claims and numbers line up with what I already figured out. One thing missing is dental cost, but this may be that dental is dependent on location.
This is a great app for anyone planning on retiring from the military at some point in the future. Very helpful, and from my own experience, gives accurate numbers. Fantastic app, definitely worthwhile purchase!!
Recommended; good for Sunday evening retirement calculations.
Pretty good app because it gives an estimated idea covering more than one cost. For example healthcare and SBP.
Best app ever! Really fantastic job and wonderful tool for retirement planning. You saved me lots of time and answered more than I thought I needed to know! BZ!

Some bad moments

Nothing in the app description said you HAD to have 20+ years of service to use this app. What about those of us being medically retired at 15? Utter waste of money.
Please consider adding two enhancements: 1) A function to allow user to select a federal tax bracket. As your in-app describes, the tax portion can include many variables; however, calculation with user added tax bracket would provide more realistic estimates of net income prior to considering state tax implications. 2) Adding another layer to select a state of residence would also help users in planning, as many states do not tax Military Retirement income. Knowing which states exempt is very useful information. This is all information I would expect to be calculated for me considering the cost of the app. Nice start, needs more work!
Off by $800 at least Purchased app upon recommendation of other service members. Disappointed tho as two critical pieces of necessary info not considered. pay entry base date (not same as years of service for the % 50-75 of retirement) and months at current rank --if less than 36 that makes a difference
Good IF you retire in 2013. You fix that, I fix the stars ;) Developer has responded to my request. How refreshing, thanks! Changes coming!
When is the CSB calculation going to be added? Otherwise, this app is not even worth the $0.99. Need to add CSB retirement to the calculator soon, a lot of folks are taking it.
With an upcoming Military Retirement, this app gives the most detailed and easy to manipulate estimate on the amount of my future retirement for planning purposes. It isnt perfect, but it does the job it is intended for very well and with ease.