Question

How much is my pension worth in today's dollars?

It is a fixed 34,000 per year. I am currently 44 years old and I start collecting at age 62 and plan to live until age 95. The pension does not adjust for inflation. Inflation is estimated to be 3% per year.

Answer 1

Your Pension is worth $434,693.7 in current dollars. The calculation is below:

Year Counter	Age	Pension	Present Value
0	44	0.00	0.00
1	45	0.00	0.00
2	46	0.00	0.00
3	47	0.00	0.00
4	48	0.00	0.00
5	49	0.00	0.00
6	50	0.00	0.00
7	51	0.00	0.00
8	52	0.00	0.00
9	53	0.00	0.00
10	54	0.00	0.00
11	55	0.00	0.00
12	56	0.00	0.00
13	57	0.00	0.00
14	58	0.00	0.00
15	59	0.00	0.00
16	60	0.00	0.00
17	61	0.00	0.00
18	62	34000.00	19971.42
19	63	34000.00	19389.72
20	64	34000.00	18824.98
21	65	34000.00	18276.68
22	66	34000.00	17744.35
23	67	34000.00	17227.52
24	68	34000.00	16725.75
25	69	34000.00	16238.59
26	70	34000.00	15765.62
27	71	34000.00	15306.43
28	72	34000.00	14860.61
29	73	34000.00	14427.78
30	74	34000.00	14007.55
31	75	34000.00	13599.56
32	76	34000.00	13203.46
33	77	34000.00	12818.89
34	78	34000.00	12445.53
35	79	34000.00	12083.04
36	80	34000.00	11731.10
37	81	34000.00	11389.42
38	82	34000.00	11057.69
39	83	34000.00	10735.62
40	84	34000.00	10422.93
41	85	34000.00	10119.35
42	86	34000.00	9824.61
43	87	34000.00	9538.46
44	88	34000.00	9260.64
45	89	34000.00	8990.91
46	90	34000.00	8729.04
47	91	34000.00	8474.80
48	92	34000.00	8227.96
49	93	34000.00	7988.31
50	94	34000.00	7755.64
51	95	34000.00	7529.75
		Total	434693.70