Severance Pay Calculator

Estimate your severance pay based on years of service, weekly wage, and reason for termination. Includes statutory minimum calculations.

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Reviewed by: Review Board
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How to use this tool?

How to Use the Severance Pay Calculator

  1. Enter Years of Service – Type the total years worked (e.g., 5.5 for 5 years and 6 months). Use decimals for partial years.
  2. Enter Weekly Wage – Input your average weekly pay in dollars (e.g., 1000).
  3. Select Reason for Termination – Choose one:
    • Layoff / No Fault – Eligible for severance (1 week per year, capped at 20 weeks).
    • Misconduct / Fault – No severance.
    • Voluntary Quit – No severance.
  4. Click “Calculate Severance” – The result shows the estimated payout and a brief explanation.
  5. Review the Result – The amount appears in green. If invalid inputs are entered, error messages will guide you.

Tip: Press Enter after filling any input to trigger calculation faster.

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Frequently Asked Questions

Severance pay varies by employer policy and jurisdiction. This calculator uses a common formula: for layoffs, 1 week of pay per year of service, capped at 20 weeks. For misconduct or voluntary quit, severance is typically $0.

You need your total years of service (including partial years), your current weekly wage, and the reason for termination (layoff, misconduct, or voluntary quit).

No, this is an estimate for informational purposes only. Actual severance may differ based on your employment contract, company policy, and local laws. Consult a legal professional for precise advice.

Reviewed by Experts

Carlos Bicho

Carlos Bicho

Financial Advisor

Private Banker & Financial Advisor

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Danilson Melicio

Danilson Melicio

Financial Advisor

Financial Markets Investor

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Eurico José Kiala

Eurico José Kiala

Mathematician

Teacher

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Francisco Saramango

Francisco Saramango

Board Financial Advisor

Financial Management and Accounting, Financial management and accounting

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Juliana Mayorca

Juliana Mayorca

Financial Advisor

Board-Level Advisor

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