Retirement Viability Calculator
Calculate whether you can sustain yourself in retirement by combining your estimated public pension with your savings, considering inflation and life expectancy.
Results
Is retirement viable?
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Estimated public pension (monthly)
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Monthly gap (expenses - pension)
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Estimated public pension (annual)
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Annual gap (expenses - pension)
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Savings needed to cover gap
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Estimated pension = (Average salary × 0.5) × (Years worked / 35). Gap = Expenses - Pension. Viability = Initial savings + (Pension × years) >= Total expenses.
Savings vs. cumulative expenses evolution
Public pension vs. monthly expenses
When should you use this calculator?
This calculator helps you determine whether it's viable to retire at your desired age.
How it is calculated
It combines three elements: your estimated public pension (depends on contribution years), your current savings, and your expected expenses.
Practical example
Example: If you expect 30,000 EUR annually from pension, have 300,000 EUR saved, and spend 25,000 EUR annually, you need to cover a 5,000 EUR/year gap for 30 retirement years.
Common mistakes
Most people underestimate their retirement expenses. Include medical costs, travel, and inflation adjustments.
This calculator uses standard formulas. If you live in another country, adjust according to your pension system.
Legal and tax context
The result is an estimate. Consult a financial advisor for a personalized plan.
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Frequently asked questions
How is my public pension estimated?
Public pension systems vary by country. Generally, it's calculated using your average salary and contribution years. Contact your social security office for an official estimate.
What inflation should I assume?
Historical inflation in the eurozone is approximately 2%. But recent years have seen 3-5%. Assume 2-3% for long-term projections.
What return should I assume for retirement savings?
For stocks/ETFs: 5-7% annually. For bonds: 2-3%. For savings accounts: 0-2%. Use 3-4% as a conservative weighted average.
What monthly expenses should I assume?
Multiply your current expenses by 1.5 if you expect more free time. Add medical expenses (plus 500-1000 EUR/year). Include travel if you plan it.
What if the result says retirement is not viable?
Options: (1) Work more years, (2) Reduce expected expenses, (3) Save more now, (4) Seek higher-return investments.
Does this calculator include spousal survivor benefits?
No. It assumes only your personal pension. If you have a spouse, their pension can supplement household expenses.