Check with FRSEstimate only, not an official benefit amount. Confirm with FRS (844-377-1888) before you decide.
Your estimated monthly benefit
Fill in the form and we'll show your monthly benefit, when you can retire with no reduction, any early-retirement cut, what working longer adds, your payment options, the COLA, the health insurance subsidy and a DROP estimate.
When you can retire
Your early-retirement cut
Retire as planned, or work longer?
Your benefit at every age
DROP instead
COLA
Health insurance subsidy
Going back to work
Amounts for Options 2, 3 and 4 are labeled "Check with FRS": FRS's factor tables aren't in its published guides, so we don't guess them. Investment Plan members have an account, not a pension, so there's no pension to estimate.
Try FRS's examples
FRS's seminar slides and handbook work these examples. Tap one to load it. FRS gives no dates, so the birth and enrollment dates in these links are ours.
- Regular Class, 30 years, AFC $25,000: 30 × 1.6% × $25,000 = $1,000.00 a month. FRS shows $1,000.00.
- Early retirement at 57, enrolled before July 1, 2011 (our pay and service): a 25% cut, as in the handbook, for $1,000.00 a month.
- DROP at 60 with 30 years (our example): $2,000.00 a month, about $236,624 in DROP after 96 months.
- The same teacher in the Investment Plan: no pension to estimate; the account rules instead.
In the Investment Plan?
The FRS Investment Plan is an account, so there's no pension to estimate. Its value at retirement, from contributions and investment returns, is your benefit. Pick "Investment Plan" in the calculator for its rules, or read Pension Plan vs. Investment Plan.
Investment Plan SPD (2026), p. 8, Investment Plan Defined; Seminar slides (Sept. 24, 2025), slide 2
Common questions
How is an FRS Pension Plan benefit calculated?
Years of creditable service × a percentage value × your average final compensation (AFC). For the Regular Class the percentage value is 1.6% to 1.68% a year, depending on your age or years of service when you retire. Divide by 12 for the monthly amount.
When can I retire with a full benefit?
Enrolled before July 1, 2011: once vested (6 years) at 62, or with 30 years at any age. Enrolled on or after: at 65 once vested (8 years), or with 33 years.
How much does early retirement cost?
5% for each year before your normal retirement age (62 or 65), for life. Retiring at 57 costs 25% before 62, or 40% before 65.
What is DROP?
The Deferred Retirement Option Program: once you reach normal retirement you can retire on paper and keep working for up to 96 months while your monthly benefits build up with interest. You must then leave FRS employment.
I'm in the Investment Plan. Can I use this calculator?
The Investment Plan is an account, so there's no pension to estimate. Pick it in the calculator and we show its contribution, vesting and withdrawal rules instead.
Is this the official FRS calculator?
No. This is an unofficial estimate built from Division of Retirement publications. It isn't affiliated with the FRS or the State of Florida. The Division can give you an official estimate; its toll-free number is 844-377-1888.
Compare Florida with other states
- States where teachers don't get Social Security: FRS members are covered by Social Security and Medicare. Social Security tax comes out of your pay.
- Teacher DROP plans by state: Yes. You retire on paper and keep working up to 96 months while benefits build in an account earning 4% a year.
- Teacher pension COLAs by state: Joined on or after July 1, 2011: no COLA. Earlier members get 3% a year times their share of service before July 2011.
- State taxes on teacher pensions, by state: Florida law exempts FRS benefits from state, county and city taxes.
- Teacher pension multipliers by state: 1.60% to 1.68% a year, depending on your age or years at retirement. Average of your best 5 years (8 if you joined July 2011 or later).
- Teacher retirement age by state: Enrolled before July 2011: 62 once vested, or 30 years. Enrolled since: 65 once vested, or 33 years at any age.
Plain-English guides
How your pension works
Before or after July 1, 2011?How your enrollment date sets vesting, normal retirement, AFC and the COLA.→The formula and your AFCYears × percentage value × average final compensation, the chart, and FRS's examples.→Early retirement5% a year before 62 or 65, the monthly proration, and the age-57 example.→Pension Plan vs. Investment PlanA lifetime pension or an 11.30% account, the default for new hires, and the 2nd Election.→Buying service creditWork years, refunded service, leave, in-state and out-of-state service, and military service.→FRS glossaryPlain-English definitions of AFC, percentage value, DROP, the HIS and other FRS terms.→
Planning your exit
DROP guideUp to 96 months, 4% interest, the COLA in DROP, the payout and its taxes.→Leaving: refund or wait?Vesting at 6 or 8 years, deferring your benefit, and the refund of your contributions.→Taxes on your pensionNo Florida tax; federal withholding; the DROP lump sum's 20% withholding and 10% early tax.→FRS and Social SecurityFRS members pay into Social Security, and the pension isn't reduced for it.→
After you retire
Working after retirementNo FRS employer for six calendar months, then no limits; volunteering and DROP.→The COLA3% × your share of service before July 1, 2011, prorated the first year; none if enrolled after.→Health insurance subsidy (HIS)$7.50 a month per year of service, $45 to $225, and staying on your employer's plan.→Survivor and disability benefitsBefore and after vesting, in DROP, in the line of duty, your beneficiary, and disability.→
More calculators
These pages cover the Regular Class, which includes teachers and most school staff. Special Risk and other classes have different rates. Handbook (2026), p. 10, Regular Class; Pension Plan SPD (July 1, 2026), p. 2, Classes of Membership; F.S. 121.021(12) The health insurance subsidy (HIS) adds $7.50 a month per year of service, from $45 to $225. Handbook (2026), p. 58, Health Insurance Subsidy (HIS); F.S. 112.363(3)(f)1.
Source: FRS Pension Plan Member Handbook, 2026 Edition, pp. 9, 10, 26, 29, 30, 40, 45, 46. Also: Pension Plan SPD (July 1, 2026), pp. 2, 4, 5; Seminar slides (Sept. 24, 2025), slides 2, 8, 21, 24, 29, 31; DROP Guide (2026), p. 3; Investment Plan SPD (2026), p. 8; F.S. 121.021, 121.091. Last reviewed .