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Your application for retired pay should be completed and sent to the Human Resources Command (HRC), Fort Knox not earlier than 9 months and not later than 90 days from the date that retired pay is to start (usually your 60th birthday).
Well help you get started with some simple steps. Step 1: Define your retirement. Step 2: Take stock of your assets Step 3: Evaluate your health now. Step 4: Create a retirement budget. Step 5: Determine when to start Social Security. Step 6: Decide if you want (or need) to work.
A Soldier in the National Guard must have completed 20 years of qualifying service to be eligible for retired pay at age 60. A qualifying year is a complete year in which a Soldier has earned a minimum of 50 retirement points.
6 months and 1 day of active service. Retired Service members are paid $600 annually ($50 per month) beginning at age 55 or the effective date of application, whichever is later. Active members of the Michigan National Guard may not receive the benefit until they retire. The retirement benefit is not automatic.
Submitting your Form DD 2656 They will provide you with a copy of the Data for Payment of Retired Personnel Form (available on our Forms webpage) and offer you assistance in filling it out. Form DD 2656 is the most important document you will complete in preparing for your retirement.
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Your first retired pay should be processed in 30 to 45 days after your retirement date.

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