Pension Calculator
Results
Estimated Monthly Pension:
€0.00
Data Source and Methodology
All calculations are based on data from the German Federal Pension Insurance (Deutsche Rentenversicherung). For more information, visit here.
The Formula Explained
Estimated Monthly Pension = (Pension Points × Current Point Value) / 12
Glossary of Terms
- Current Age: Your current age in years.
- Desired Retirement Age: The age at which you plan to retire.
- Current Annual Salary: Your current gross annual income.
- Pension Points: The total number of pension points you have accumulated.
How It Works: A Step-by-Step Example
Let's assume you're 30 years old, planning to retire at 67, with an annual salary of €50,000 and 15 pension points. Based on these inputs, your estimated monthly pension would be calculated using the formula.
Frequently Asked Questions (FAQ)
What are Pension Points?
Pension points reflect your contributions to the German pension scheme, influencing the amount you'll receive in retirement.
How is the current point value determined?
The current point value is set by the German government and can fluctuate based on economic conditions.