Net Pay Estimators

The net pay estimator is a useful tool to estimate your net pay under different salaries, federal withholding tax exemptions, and deferred compensation contributions. The Division of Finance maintains the estimator and updates it the first of each year to reflect current federal withholding tax tables.

Download the Net Pay Estimator (right-click below, "Save link as..."), and select your Pay Cycle. Select semi-monthly if you are paid twice per month (24 times per year). Select bi-weekly if you are paid every other week (26 times per year).

Requires the use of Microsoft Excel. Right-click on the link below and choose "Save link as..." (if using a Windows PC) to download.

Employee Net Pay Estimator

Each version of the estimator consists of two sheets in an Excel workbook—one with instructions and one with the actual estimator. Follow the instructions precisely. Before using the estimator, enter data from your most recent pay stub to ensure the most accurate net pay amount. Use the same federal withholding data that is on your most recent W-4 submitted to payroll.

If you use the estimator to calculate the effect of different deferred compensation contributions and need additional assistance, email the Deferred Compensation Plan at or contact the . The Division of Retirement and Benefits cannot offer assistance in use of the estimator for anything other than changes in deferred compensation contributions.

Using this tool, you can compare your monthly net pay in retirement to your active monthly net pay amount to see how close you are to being able to reach your retirement goals.

If you are already retired, use this tool to estimate the impact of a change in tax withholding, or changes to optional elections such as Long-Term Care (LTC) or Dental, Vision and Audio (DVA) coverage.

The results produced when using this calculator are provided for information only and are an estimate of your net retirement benefits, not a promise of future benefits.

The Retiree Net Pay Estimator tool provides an estimate of what your net monthly benefit will be once you retire, based on the tax information you input and optional benefit choices. You will need to have a gross benefit estimate (or your gross retirement pay if retired) to input into the Excel spreadsheet, as well as a W4P tax form PDF filled out so you can input to the sheet how you are planning to fill out the tax form. You will also input your choices for any optional benefits you are purchasing, such as DVA and/or LTC insurance.

The Retiree Net Pay Estimator Tool requires the use of Microsoft Excel. On a Windows PC, right-click on the link below and choose "Save link as..." to download.

Please note: If you are using a Mac, the estimator may have issues working properly.

Retiree Net Pay Estimator

IRS form W-4P

To get a gross benefit estimate, in most cases you can use the online Benefit Estimator found at myRnB . You may also get an estimate from a counselor during an individual appointment (schedule one here), or request an estimate from our Juneau office.

Online Benefit Estimator Instructions:

1. Go to myRnB .
2. Sign in using your myAlaska username and password. This is the same username and password you use if you file online for a Permanent Fund Dividend (PFD) with the State of Alaska. If you do not have a myAlaska username and password, you will need to establish these credentials prior to using myRnB (Click New User: Register for a myAlaska Account).
3. Once signed in, you will be taken to the myRnB portal page.
4. If you are a first-time user of myRnB, you will be walked through some extra steps to identify yourself. You will only be asked to do this again if you change your myAlaska username.
5. Once successfully logged in, you will receive a welcome message. Click on the Member Services link. After you click to agree to terms & conditions, click Continue and this brings you to the member services page.
6. Click on PERS or TRS BENEFIT ESTIMATOR (the option depends on in which system you participate).
7. You can estimate for any retirement date and survivor option you like. It will automatically pull in your current estimated average salary and reported service. It is an estimate and not a promise of future benefits. When entering the termination date, that is your last day of work. The retirement date has to be the first of a month (usually the first of the month after your last day of work, but not always as you may be terminating years before actually retiring). If you have an indebtedness to the system for claimed or refunded service, in most cases you will be able to compare paying to not paying the indebtedness. Please be aware that the calculator tends to run slow, so please be patient when waiting for the calculator to run numbers.