Civil Servant vs Big Company Lifetime Earnings Calculator (pay + pension, Korea)

Your numbers

Currency

Civil servant: first-year pay incl. allowances (₩)Example — use the MPM pay table plus allowances, or our civil-servant pay calculator

Civil servant: raise above inflation (% a year)Grade steps and promotions; in today’s money

Years of work (both paths)

Civil servant: monthly pension (₩, today’s money)Example — estimate it on the Government Employees Pension Service (GEPS) site

Company: first-year pay (₩)

Company: raise above inflation (% a year)

Company: years until you leaveMany people leave large companies before retirement age

Pay per year after leaving the company (₩)

Company path: monthly pension (₩, today’s money)Example — national pension estimate from the NPS “내 연금 알아보기” service

Years receiving a pension

How it works

Pay over a career = first-year pay × (1 + r)⁰ + … + (1 + r)ⁿ⁻¹, where r is the yearly raise above inflation, so all amounts are in today’s money. The company path earns the company pay for the years until you leave and the “after leaving” pay for the remaining years. Pension total = monthly pension × 12 × years received. Taxes, severance pay, the civil-servant retirement allowance and investment returns are not included. All defaults are examples — replace them with your own estimates.

⚠ Estimates for information only — not financial advice.

FAQ

Why does the pension matter so much?

The civil-servant pension is usually larger than the national pension for the same years of service, and it is paid for life — 20+ years of payments can add a lot to lifetime income.

Are the defaults real averages?

No. They are examples. Replace them with your own grade, pay table, company and pension estimates.

Checked 11 Nov 2026. Sum of a growing series in real terms. Use the Ministry of Personnel Management civil-servant pay table, the Government Employees Pension Service (GEPS) and National Pension Service estimators, and DART average pay for your own inputs.