Retirement Provision Calculator
How much to save for your target pension? From age, retirement age, return and inflation, get the capital needed, monthly savings and the cost of a late start.
Required monthly savings rate
€287.47
Required capital at retirement
€286,524.27
Total contributions
€127,637.07
Of which interest/return
€158,887.20
| Start delay | Saving period | Required savings rate | Extra cost |
|---|---|---|---|
| Start now | 37 years | €287.47 | - |
| 5 years later | 32 years | €374.49 | +€87.02/month |
| 10 years later | 27 years | €498.59 | +€211.12/month |
| 15 years later | 22 years | €685.31 | +€397.84/month |
Note: These calculations are for informational purposes only and do not replace professional tax or financial advice. All information without guarantee.
FAQ
Frequently Asked Questions
What types of retirement provision exist in Germany?
Germany has three pillars: statutory pension insurance (1st pillar), company pension (2nd pillar), and private provision like Riester, Ruerup, ETF plans, or life insurance (3rd pillar).
How much should I save for retirement?
Experts recommend aiming to replace 70-80% of your last net income. The pension gap (difference between statutory pension and target income) should be closed through private and company provision.
Are my entered amounts stored anywhere?
No. All calculations happen exclusively in your browser. Your inputs are never sent to our server or stored. You can safely enter sensitive financial data.
Guide
What is the Retirement Provision Calculator?
The retirement planning calculator shows how much you need to save for retirement to maintain your desired standard of living.
How does the Retirement Provision Calculator work?
Enter your desired retirement net income, expected statutory pension and your age. The calculator determines the pension gap and computes the required monthly savings contribution at an assumed rate of return.
Key Data and Facts
Average statutory pension 2026: approx. 1,100 euros (West) / approx. 1,250 euros (East). Standard pension level: approx. 48%. Inflation reduces the real purchasing power of pensions.
Step-by-Step Guide
How to calculate your pension gap step by step: 1. Define your desired net income in retirement: rule of thumb: 70-80 % of your last net income. 2. Check your expected statutory pension: pension statement from the Deutsche Rentenversicherung (sent annually). 3. Calculate the pension gap: target pension minus statutory pension. 4. Determine the required capital: gap x 12 months x expected pension drawing period (e.g. 25 years). 5. Calculate the necessary savings rate: taking into account the expected return and the remaining years of saving. 6. Mind inflation: 2 % inflation over 25 years halves purchasing power. Example: employee, 35 years old, net income 3,000 EUR. Target pension: 2,400 EUR (80 %). Expected statutory pension (in today's EUR): 1,400 EUR. Pension gap: 1,000 EUR/month = 12,000 EUR/year. Required capital (25 years of retirement, 3 % return): approx. 210,000 EUR. Savings rate at 5 % return, 32 years until retirement: approx. 230 EUR/month.
Calculation Example
Employee aged 35, net income 3,000 EUR, target pension 2,400 EUR, statutory pension 1,400 EUR. Gap: 1,000 EUR/month. Capital required: approx. 210,000 EUR. Required savings rate (5% return, 32 years): approx. 230 EUR/month.
Sources
Official sources
Calculations are based on applicable German laws and official data:
- Deutsche Bundesbank
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Statistisches Bundesamt (Destatis)
Full methodology at Methodology.
Reviewed by Konstantin Iakovlev · Last updated:
Finance
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