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It is possible to retire early through your efforts with the U.S. Navy and special forces. While you will not earn enough money to stop working after you retire from the military, the benefits you receive continue if you serve the country long enough.
Navy SEAL training takes at least a year and a half from boot camp until joining a SEAL team. Once with a SEAL Team and prior to the first deployment, there is an additional year or more of training. Navy SEALs also continue to train throughout their career.
What do Navy SEALs do after retirement?
These are the top five jobs Navy SEALs take after service.
- Paramilitary Contractor. Most guys I know who did over 10 years in the Teams are on this gig.
- Private Security Professional. Who’s on Bill Gates’s private personal security detail?
- Business Owner.
- GS (Government Service) Contractor.
- Professional Pilot.
After 20 years of service, Navy SEALS are eligible for 50\% of their average base salary for retirement. For each year spent in service between 20 and 30 years, the percentage increases by 2.5\% resulting in a 75\% benefit for those members completing 30 years of service.
Navy SEALs Retirement. Any Navy SEAL who was honorably discharged is eligible for retirement benefits after 20 years of service, but many stay in for 30 years to increase their monthly income.
Do Navy SEALs get disability benefits?
Disability is received when the Navy SEAL is medically determined unfit to continue service with a Department of Defense rating of 30\%. The retirement plan is either a Final Pay plan or High-36. The benefit is calculated by using the 2.5\% multiplier for each year of service, OR the percentage of disability.
Final Pay: SEALs eligible for final pay must have enlisted prior to 09/08/1980. Final pay is a method of computing the final basic pay of the SEAL by 2.5\% for each year of service. Payments receive an annual COLA adjustment, but no additional bonus.
Navy jobs in Special Operations teams may be paid a higher salary at retirement because of their increased levels of specialized training, skills, and exclusive assignments. The annual pay prior to retirement determines a retiree’s monthly income.