Pretty close. Things like “tax advantage” for how much you’d save by virtue of your untaxed allowances and benefits will vary depending on your details but the pay numbers are right.
MrEdgeLess on
Got out as an E5 with 4 YOE (RMC:83,290), got a job for 85k, was about the same take-home as active duty.
So use as a guideline, but not gospel
apatheia-non-grata on
It’s decent. Use that, Schwab, and there’s another one (I can’t think of the name). Take the average and that’s fairly reliable. Remember it’s also not including insurance premiums & co-pays. Also have to consider retirement investing needed to compensate for not getting the pension (and possibly disability pay)
TadKosciuszko on
Very accurate. The only thing that is wrong is that it doesn’t include healthcare costs. So based on what I just looked up tack on about $5k with an extra $1k per family member.
6 Comments
Pretty close. Things like “tax advantage” for how much you’d save by virtue of your untaxed allowances and benefits will vary depending on your details but the pay numbers are right.
Got out as an E5 with 4 YOE (RMC:83,290), got a job for 85k, was about the same take-home as active duty.
So use as a guideline, but not gospel
It’s decent. Use that, Schwab, and there’s another one (I can’t think of the name). Take the average and that’s fairly reliable. Remember it’s also not including insurance premiums & co-pays. Also have to consider retirement investing needed to compensate for not getting the pension (and possibly disability pay)
Very accurate. The only thing that is wrong is that it doesn’t include healthcare costs. So based on what I just looked up tack on about $5k with an extra $1k per family member.
I use this as well. Tinker with it with your take home pay and reverse calculate civilian pay https://www.adp.com/resources/tools/calculators/salary-paycheck-calculator.aspx
It does not include healthcare which is incredibly significant. Average healthcare costs for a family can be upwards of 1,200 a month.
Besides that jts pretty accurate.