Retirement Pension Simulator
Estimate your monthly retirement pension based on years contributed, average salary and expected retirement age.
Results
Estimated monthly pension
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Replacement rate
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Years until retirement
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Estimated total contributions
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The pension is calculated from the regulatory base (average of the contribution bases over the last 25 years, adjusted) multiplied by the percentage corresponding to the years contributed, according to the Social Security's progressive scale.
If your replacement rate is below 80%, consider supplementing your public pension with a private pension plan or another long-term savings product.
When should you use this calculator?
The contributory retirement pension in Spain is calculated from the regulatory base, obtained by dividing the contribution bases of the last 25 years (300 months) by 350, then applying a percentage based on years contributed.
Legal context in Spain
With 15 years contributed, a worker accesses 50% of the regulatory base. From there, the percentage increases progressively up to 100% with 36 years and 6 months contributed (an indicative figure, subject to legal revision). Contribution gaps can reduce the regulatory base if not covered by the legal gap-integration mechanism.
The ordinary retirement age in Spain currently ranges between 65 and 67, depending on years contributed, although early retirement (with reducing coefficients) and delayed retirement (with incentives) are also available.
The replacement rate measures what percentage of the last salary the estimated pension represents. When this rate is low, it is worth considering complementary savings through pension plans, occupational pension schemes or other long-term savings products.
Frequently asked questions
How many years must I contribute for a full pension?
Currently 36 years and 6 months of contributions are needed to access 100% of the regulatory base (the exact figure changes yearly under current law).
What is the regulatory base?
It is the average of the contribution bases over the last 25 years worked, adjusted for inflation, divided by 350.
Do contribution gaps affect my pension?
Yes, they can reduce the regulatory base unless covered by the legal gap-integration mechanisms.