Yes
A Military Retirement Calculator extimates retired pay during retirement years. The rates of retired pay depends on the the years of service. Most retirements are after 20-30 years of service.
4 years
A "standard" hitch in the Navy is 4 years.
4
A Navy commander will have to have at least 20 years of service to retire. That would entitle him to 50% of his base pay in retirement. That would be around $3500 a month..
It will depend upon how many years of service he performed. Retirement pay is a percentage of the base salary at the time of retirement. The way to figure it is 2.5% times the number of years of service times the pay rate at date of retirement. A Captain retiring at twenty years would get about $4,000 a month, plus benefits.
The typical Navy Admiral will have 30 years of service. That would entitle him to 75% of his base pay in retirement. That would be somewhere anywhere from $7500 to $12000 a month.
74 and 3/4 years of age
I have a family member that was stationed in the Navy for 4 years and was very happy with the experience.
I have a family member that was stationed in the Navy for 4 years and was very happy with the experience.
4 years
The basic retirement pension is 1,000,000 GBP per year