Military retirement pay for a Lieutenant Colonel (O-5) varies based on years of service and retirement plan. Under the High-36 retirement system, the monthly retirement pay is calculated as 2.5% of the average of the highest 36 months of basic pay multiplied by the years of service. For example, an O-5 with 20 years of service could receive approximately $5,000 to $6,000 per month, depending on their final pay grade and specific circumstances. It's advisable to use a retirement calculator or consult with a financial advisor for precise estimates.
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