It ought to be worth millions, given that you work your tail off, for significant less pay, and get that pay instead of the civilian 401(k) you could have.

Let's look at an E-9 Master Chief, the highest enlisted rank. Their basic pay is $9267 a month[0]. If they're in for 30 years, and get the High-36 retirement plan[1], then they get 75% of that — $6950/mo — afterward. That's certainly not chump change.

However, the kind of person with the drive, leadership skills, political savvy, and work ethic to become a Master Chief would rise to least a director or VP, or a senior VP, at a civilian company. So yes, their military retirement's quite good, but at a substantial opportunity cost.

To be super clear, my main argument is that the military should earn more, especially for the sheer amount of work they put in. They earn it.

[0] https://www.military.com/benefits/military-pay/charts

[1] https://militarypay.defense.gov/Pay/Retirement/

This is an absurd comparison. You neglect to include BAH or other tax-free allowances; your figure significantly deflates total compensation. Command Sergeants Major comparing themselves to VP of Human Resources is a meme in veteran circles; as in, those who do it fail miserably to get hired when applying to these positions. They are not comparable.

I don't deny that servicemembers earn their pay. There is a premium to accepting the upheaval of a cross-country move every 3 years. But to assert that the average E-9 is equivalent to a director or VP position is incorrect. People of that rank are told in TAP to accept positions of perceived lower authority. Those who are successful in going from E-8 or E-9 to Director or VP roles are extraordinarily rare.