By 22034033, the number of military retirees in the United States is expected to reach 2.37 million; an increase from an estimated 2.27 million retirees in 2024.
Military retirement pay
In the U.S., military retirement refers to pension and benefit plans for those who have accumulated 20 or more years of active service. 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, but ultimately rise over the next decade.
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 of the number of military retirees in the United States for fiscal years 2024 to 2034
Characteristic
Forecast number of military retirees in thousands
2034
2,369
2033
2,368
2032
2,357
2031
2,346
2030
2,336
2029
2,326
2028
2,316
2027
2,304
2026
2,293
2025
2,281
2024
2,267
Created with Highcharts 7.2.2Forecast number of military retirees in thousands2,2672,2672,2812,2812,2932,2932,3042,3042,3162,3162,3262,3262,3362,3362,3462,3462,3572,3572,3682,3682,3692,36920242025202620272028202920302031203220332034
05001,0001,5002,0002,5003,000
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US Congressional Budget Office. (June 26, 2024). Forecast of the number of military retirees in the United States for fiscal years 2024 to 2034 [Graph]. In Statista. Retrieved February 22, 2025, from https://www.statista.com/statistics/217354/forecast-number-of-military-retirees-in-the-us/
US Congressional Budget Office. "Forecast of the number of military retirees in the United States for fiscal years 2024 to 2034." Chart. June 26, 2024. Statista. Accessed February 22, 2025. https://www.statista.com/statistics/217354/forecast-number-of-military-retirees-in-the-us/
US Congressional Budget Office. (2024). Forecast of the number of military retirees in the United States for fiscal years 2024 to 2034. Statista. Statista Inc.. Accessed: February 22, 2025. https://www.statista.com/statistics/217354/forecast-number-of-military-retirees-in-the-us/
US Congressional Budget Office. "Forecast of The Number of Military Retirees in The United States for Fiscal Years 2024 to 2034." Statista, Statista Inc., 26 Jun 2024, https://www.statista.com/statistics/217354/forecast-number-of-military-retirees-in-the-us/
US Congressional Budget Office, Forecast of the number of military retirees in the United States for fiscal years 2024 to 2034 Statista, https://www.statista.com/statistics/217354/forecast-number-of-military-retirees-in-the-us/ (last visited February 22, 2025)
Forecast of the number of military retirees in the United States for fiscal years 2024 to 2034 [Graph], US Congressional Budget Office, June 26, 2024. [Online]. Available: https://www.statista.com/statistics/217354/forecast-number-of-military-retirees-in-the-us/
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