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CalPERS Retirement at Age 57

Which formulas qualify and what your benefit factor looks like

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57

Age

19

Formulas qualifying

6

At reference age

2.700%

Highest factor

When you choose to retire at 57, your CalPERS formula determines whether you're walking away with the maximum benefit factor or leaving money on the table by retiring early. Below, we compare the benefit factor that each of the 19 qualifying formulas assigns at age 57, then load that age into the calculator so you can see the dollar impact for your specific salary and service.

Benefit Factor at Age 57 — All CalPERS Formulas That Qualify

Each row shows the official benefit factor that the formula assigns at age 57. "At reference" means the formula has already reached its full benefit factor at this age; the negative percentages show the early-retirement shortfall vs the formula's own reference age. Click any formula name to open its full calculator pre-set to age 57.

FormulaFactor at 57vs Reference
2.7% at 57PEPRA2.700%At reference
3% at 60Classic2.700%−10.0% vs ref
2.7% at 57PEPRA2.700%At reference
2.5% at 57Classic2.500%At reference
2.5% at 57Classic2.500%At reference
2.5% at 60Classic2.200%−12.0% vs ref
2% at 55Classic2.126%—
2% at 55Classic2.126%—
2% at 55Classic2.104%—
2% at 57Classic2.000%At reference
2% at 57Classic2.000%At reference
2% at 60Classic1.650%−17.5% vs ref
2% at 60Classic1.650%−17.5% vs ref
2% at 62PEPRA1.500%−25.0% vs ref
2% at 62PEPRA1.500%−25.0% vs ref
2% at 62PEPRA1.500%−25.0% vs ref
1.5% at 65Classic0.967%−35.5% vs ref
1.25% at 65Classic0.850%−32.0% vs ref
1.25% at 67Classic0.850%−32.0% vs ref

Calculator — pre-set to age 57

Calculator below loads the 2% at 55 (State Miscellaneous & Industrial) formula at age 57. Change the formula by visiting any of the formula calculators linked in the comparison table above.

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Retiring at 57 — Frequently Asked Questions

Why is this page set up around a specific age, years, or salary?▾
Scenario pages on this site are designed to help you compare formulas at a fixed planning input — a specific retirement age, a specific number of service years, or a specific final salary band — so you can see the spread between formulas with the variable you care about held constant. The embedded calculator is pre-set to that scenario; change any input to model your own situation.
What are Local Miscellaneous and Local Safety formulas?▾
Local Miscellaneous formulas apply to non-safety employees of cities, counties, and special districts that contract with CalPERS. Local Safety formulas apply to law enforcement, firefighters, and other safety employees of local agencies. Safety formulas typically have higher benefit factors and earlier retirement ages.
What is a replacement rate?▾
The replacement rate is the percentage of your final compensation that your pension replaces. For example, a 2% benefit factor with 30 years of service gives you a 60% replacement rate, meaning your pension would be 60% of your final compensation.
Which survivor option should I pick?▾
There is no single right answer — it depends on your beneficiary's age, your beneficiary's expected income without your pension, and your own life expectancy. The 100% survivor option costs roughly 12.25% of your monthly check but guarantees your beneficiary the same payment for life. The 50% survivor option costs roughly 6.5% and continues half. The unmodified option pays the most but ends at your death. Run all four side by side in the calculator's survivor selector.
What is final compensation?▾
Final compensation is the average of your highest salary over a specific period, typically your highest 12 or 36 consecutive months depending on your formula. PEPRA members use a 36-month average; classic members typically use a 12-month average.
How accurate is this calculator?▾
This calculator uses the official benefit factor tables published by CalPERS and CalSTRS. The benefit factor lookup is verified against official PDF documents. However, your actual pension may differ due to factors not included in this estimate, such as exact survivor actuarial reductions, reciprocity, disability retirement, or employer-specific rules. For an official estimate, log in to myCalPERS or contact your retirement system.

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Disclaimer: Estimates only. Benefit factors are sourced from official CalPERS publications. Actual benefits depend on your formula, exact retirement date, survivor option, and employer-specific rules. Verify with CalPERS before retirement decisions.