I am looking for an estimate for my pension payout if I start at age 55 instead of 65.
When I turn 65, the payout is $46,000/year.
Would it be reasonable to "guestimate" conservatively $20,000/year if payout begins at 55?
Or is there a calculator that could help me out with that. I prefer to avoid asking the HR folks at this point.
It's non COLA and I no longer work for this company so the numbers are not moving.
Thanks!
When I turn 65, the payout is $46,000/year.
Would it be reasonable to "guestimate" conservatively $20,000/year if payout begins at 55?
Or is there a calculator that could help me out with that. I prefer to avoid asking the HR folks at this point.
It's non COLA and I no longer work for this company so the numbers are not moving.
Thanks!