Retirement pay for a Colonel in the Marine Corps is calculated based on their military pay grade and years of service. Typically, a Colonel (O-6) can expect to receive retirement pay that is approximately 50% to 75% of their base pay, depending on their total years of service and retirement plan (such as the High-3 or Blended Retirement System). For a Colonel with 20 years of service, this can range from around $4,000 to $7,000 per month, subject to annual cost-of-living adjustments. Additional benefits may also be available, such as healthcare and access to military facilities.
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