Are you financially on track for retirement? Experts recommend that you’ll need about 80% of your pre-retirement income in retirement. That income will come from your VRS defined benefit plan (pension), Social Security, a defined contribution plan, if you have one, and possibly other sources.

The resources on this page can help you plan.

Use myVRS to Prepare for Retirement

Through the secure online myVRS system, you can view your benefit information and plan for retirement:

  • The myVRS Retirement Planner allows you to create a Quick Plan or Detailed Plan that will estimate your income needs when you reach this milestone. Base your plan on different retirement dates, add income from sources such as a spouse or part-time employment in retirement and build in estimated retirement expenses.
  • You also can create different benefit scenarios using the myVRS Benefit Estimator.
  • Members eligible to retire using the online system will see the Apply Now button.
  • If you participate in the Commonwealth of Virginia 457 Deferred Compensation Plan, check your savings progress. You may be eligible for catch-up contributions.

Log in or create a myVRS account.

Note
Your retirement benefit (pension) amount is based on factors such as service credit, age, average final compensation and your selected benefit payout option. Create a new benefit estimate if your circumstances change.

Sign Up for Free, Convenient Member Education

  • Whether you just started work or are ready to retire, you can take advantage of free educational opportunities. Select from a variety of online and on-site educational mediums according to what's most convenient for you.
  • A variety of educational meetings are available. Topics include long-term planning for your financial future, managing your plan and distribution strategies. Meetings are held at sites around the state.
  • Brush up on your financial knowledge. Log in to myVRS Financial Wellness to access free articles, videos, educational games and mini-courses to help you with budgeting, saving, managing credit, making smart purchases and more.

One-on-One Member Counseling

Sign up for a virtual counseling appointment (video or audio), available Monday to Friday. Or register for an in-person appointment, available Tuesday and Wednesday. Get directions.