Forecast number of military retirees in the U.S. 2019-2029

By 2029, the number of military retirees in the United States is expected to reach 2.21 million; an increase from an estimated 2.17 million retirees in 2019.

Military retirement pay

Military retirement pay was created to acknowledge those who served their country through a military career. Those who served in active duty, reserves, or guard for at least 20 years are entitled to military retirement pay. There are different factors that influence how much is paid out to different veterans, which includes length of service, disability percentage, the year the person entered the military, and type of retirement. The total payment for military retirees is expected to continue to increase, as well as their average benefits. However, the total outlays for the military retirement trust fund is expected to fluctuate over the next couple years.

U.S veterans

The United States has one of the largest militaries in the world based on active personnel and has the largest defense budget in the world. However, many veterans in the U.S. struggle to find a job and find affordable housing when they return from deployment due to factors such as post-traumatic stress disorder and physical disabilities. The Department of Veteran Affairs seeks to help those coming back from training or combat assimilate back into everyday life.

Forecast number of military retirees in the U.S. from 2019 to 2029

Forecast number of military retirees in thousands
20292,210
20282,211
20272,212
20262,210
20252,207
20242,202
20232,196
20222,189
20212,183
20202,177
20192,172
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Source

Release date

January 2019

Region

United States

Survey time period

January 2019

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