Select your year of birth. The calculator will tell you your retirement age.
Your retirement age is the first possible age at which you can retire on an old-age pension.
- Your estimated time in retirement based on life expectancy. ?Life expectancy is the average number of years that a person of a certain age is expected to live if mortality remains unchanged. In Finland, life expectancy is calculated by Statistics Finland.
-Because people are living longer, the life expectancy coefficient has been introduced. It reduces the pension you receive. To offset the effect of the life expectancy coefficient, you need to work an additional length of time. This later retirement age is called your target retirement age.
- Your estimated time in retirement based on life expectancy. ?Life expectancy is the average number of years that a person of a certain age is expected to live if mortality remains unchanged. In Finland, life expectancy is calculated by Statistics Finland.
-Use the pension calculator to estimate how much pension you will receive.
The Finnish Centre for Pensions has launched a campaign in which it tells about earnings-related pensions in a simple and easy-to-understand way. The idea of this very general and straightforward earnings-related pension information rose from the need to approach immigrants in Finland. The Facebook site includes, among other things, a pension calculator that tells you what your retirement age is and gives you an idea of how much pension you will get.
Read more about the "I will also get a pension!" campaign
Each age group has its own retirement age. Use the calculator to find out your own retirement age. If you are a wage earner, you will accrue a pension as of age 17. If you are self-employed, you will accrue a pension as of age 18. The accrual rate is 1.5% for all. Two new pensions have been introduced: the partial old-age pension and the years-of-service pension.
More about the pension reform