Calculators

On this page you can find all calculators available at Työeläke.fi. Use them to estimate various figures relating to your pension. The figures generated by the calculators are indicative.

Check your retirement age

Select your year and month of birth. The calculator will tell you when you can retire.

Retirement age

Retirement age

Your retirement age is the first possible age at which you can retire on an old-age pension. The retirement ages are estimates for persons born in 1965 and later.

- Your pension can start at the earliest on - Your estimated time in retirement based on life expectancy.

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.

-
Your target retirement age

Your target retirement age

Because people are living longer, the life expectancy coefficient has been introduced. It reduces the monthly 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 pension can start at the earliest on - Your estimated time in retirement based on life expectancy.

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.

-
Your qualifying age for retirement on a partial old-age pension - You can take out a partial old-age pension at the earliest as of -

Calculate your pension

Use the pension calculator to estimate how much pension you will receive.

Year of birth

Select your year of birth. It is needed to calculate your pension. Your retirement age, your target retirement age and the life expectancy coefficient are determined based on your year of birth.

Select the year in which you were born

Birth month

Select your birth month.

Select the month in which you were born

Monthly gross wage

Enter your current (or an estimate of your future) annual wage/income from self-employment at a monthly level, as a whole number (for example, 2500).

Enter your wage (whole number, for example 2500)

Your accrued pension, from your pension record

Check your pension record (www.tyoelake.fi/en/pension-record/) and enter here the total amount (in full euros, for example 800) of pension you have earned by the end of 2020 (excluding any increment for late retirement). The amount has been adjusted with the life expectancy coefficient.

Alternatively, you can estimate the amount of your previously accrued pension by looking at the typical pension accrual of your own age group. See “Statistics on accrued pensions” below.

Enter the accrued pension amount as a whole number, for example, 2500

Select how your wage and salary earnings will develop in the future

A real growth of 1.5 per cent means that wages will grow 1.5 per cent more than prices.

The general wage development affects the wage coefficient, which is used to adjust your earned pension pot to the value of the year in which you retire.

The development of your own earnings is tied to the wage development you select. The calculator multiplies your earnings each year with the wage coefficient.

Retirement age

Retirement age

Your retirement age is the first possible age at which you can retire on an old-age pension. The retirement ages are estimates for persons born in 1965 and later.

- Pension estimate/month - €/month
Your target retirement age

Your target retirement age

Because people are living longer, the life expectancy coefficient has been introduced. It reduces the monthly 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.

- Pension estimate/month - €/month
Your estimated pension €/month

The pension is in the price level of the ongoing year.



Retirement age

Retirement age

Your retirement age is the first possible age at which you can retire on an old-age pension. The retirement ages are estimates for persons born in 1965 and later.

- years and - months

Chosen retirement age

Calculate your pension

Time of your retirement: -
Earnings-related pension
- €/month

Your earnings-related pension has been adjusted with the life expectancy coefficient -

Your earnings-related pension has been adjusted with the life expectancy coefficient

Your earnings-related pension has been adjusted with the life expectancy coefficient confirmed for the year in which you were born. The life expectancy coefficient adjusts your pension to changes in life expectancy.

Your pre-retirement salary

Your pre-retirement salary

In the calculator, your own wage grows each year according to the wage coefficient if you have selected the alternative in which the general income level grows. Your wage has been converted to the price level of the ongoing year.

- €/month
Your pension relative to your pre-retirement salary
- %

This calculator will calculate the amount of your earnings-related pension. It doesn’t calculate your partial old-age pension or your disability or years-of-service pensions. If you are 55 or older this year, the calculator will also calculate the amount of your national and guarantee pensions, if you qualify for them. You can estimate your pension using this calculator if you were born between 1952 and 2003.  

The calculator will calculate your pension based on the wage you’ve entered into it and the laws that are valid in 2021. To get an estimation that is as close to the truth as possible, enter the amount of your earnings-related pension pot that you’ve earned by the end of 2020. The amount is stated on your pension record. Your final pension cannot be calculated until just before you retire 

If you are a wage earner, your pension pot will start to grow as of age 17. If you are self-employed, the age limit is 18. The calculator will calculate your earned pension as of age 17 and under the assumption that you will not retire early. The calculator will calculate your pension to the age of 70 at the most, at which time you can no longer earn more pension 

The calculator calculates your pension under the assumption that the earned pension you have entered into it has been adjusted with the life expectancy coefficient and does not include an increment for late retirement. If you have already reached your retirement age, the pension you have earned may include an increment for late retirement. 

Calculator’s assumptions on wage development and extended life expectancy  

You can select between two different future general wage developments in this calculator. The option in which the wage level remains unchanged corresponds to the pension record’s baseline projection of your pension. The option in which the wage level grows corresponds to the Finnish Centre for Pensions’ baseline assumption in its long-term projection.

According to that baseline assumption, the earnings level grows, real term, by 1.5 per cent each year. The near-future economic outlook has been taken more closely into account in the calculator. The wage coefficient that your pension is adjusted with to the level of the year in which your pension begins is calculated based on the general wage and price development. Long-term, the real-term annual development is around 1.2%.

The calculator assumes that your earnings grow each year in line with the wage coefficient. That is why your earnings grow slightly less than the average wages of wage earners since the wage coefficient takes into account 80% of the general growth in earnings.

The calculator gives your estimated pension in current prices. The euro amount thus reflects the effect of the wage coefficient adjustment and the growth of your own earnings on your pensions’ purchasing power.

The extended life expectancy that affects the projected retirement ages and life expectancy coefficient are based on the population forecast of Statistics Finland.

The assumptions used by the calculator regarding the life expectancy coefficient, the retirement age and the general earnings and price development are listed in this excel file.

Retirement age

Each birth year group has its own retirement age. The retirement age for those born in 1965 and later is based on the currently estimated life expectancy. The projection is based on Statistics Finland’s population forecast for 2019. Read more about how the retirement ages are determined   

Earning a pension and age at when your insurance obligation ends

Your earnings-related pension pot grows by 1.5 per cent of your annual earnings. If you are between 53 and 62 years old, your pension pot will grow by 1.7% of your annual gross wages between the years 2017 and 2025. If you retire late (after you have reached your retirement age), your pension will be increased by an increment for late retirement (0.4% for each month that you retire late).  

The age when you stop paying pension insurance and your pension pot no longer grows will rise from 68 to 69 (for those born between 1958 and 1961) and 70 (for those born in 1962 and after). 

Life expectancy coefficient

When you retire, your pension pot will be adjusted with the life expectancy coefficient, which depends on your year of birth. The life expectancy coefficient for your age group will be confirmed when you turn 62 years. If you are younger than that, it is an estimate. The estimate is based on Statistics Finland’s population forecast for 2019. 

Wage coefficient

When the amount of your starting pension is calculated, your income from work and self-employment during your working life will be adjusted with the wage coefficient to the level of the year in which you retire. The wage coefficient ensures that the pension you have earned during your working life retains its value. The wage coefficient takes into account 80% of the changes the index of wage and salary earnings and 20% of the changes in the consumer price index. 

Kela pensions

You can get a national or guarantee pension from Kela if you have no or only a small earnings-related pension. Every euro of earnings-related pension that you get will reduce your full national pension by 50 cents until there is no national pension left to pay. Your national pension depends on whether you live alone or with a spouse. You get a guarantee pension if your total pension is below the full amount of the guarantee pension.  Apart from the earnings-related pension, the calculator does not take into account other pensions that may affect your national or guarantee pension. 

All components of your earnings-related pension do not reduce your national pension. The increment for late retirement does not reduce your national pension, but the calculator takes all other components of your earnings-related pension into account as factors reducing your national pension.  

In the national pension scheme, the retirement age is 65 years. As of those born in 1965, the retirement age will be linked to life expectancy, just as in the earnings-related pension scheme. The calculator counts the reduction for early retirement (0.4% per month that you take the pension early) for both the national and the guarantee pension if you retire before you reach the retirement age of the national pension. The calculator also calculates an increase for late retirement if you retire after reaching the retirement age of the national pension. If you were born before 1962, the increment for late retirement is 0.6% for each month that you postpone your retirement and 0.4% if you were born in 1962 or after.  

The calculator calculates your Kela pension providing you have lived long enough in Finland to qualify for a full national pension (80% of the time between you turned 16 and when you retire).   

In the future, the national and the guarantee pension are expected to develop in line with the price index. In real terms, the Kela pension is at the current level in the calculator. 

For more information on the national pension and the guarantee pension, go to Kela’s website. 

By year-end 2020, the different age groups had accrued a median pension as shown in the table below. This means that half of each age group had accrued a higher and half a lower pension than the figure shown in the table for the age group. The accrued median pension has been presented separately for men, women and the combined total.

The accrued pensions have been adjusted with the wage coefficient to the 2021 level and multiplied with the life expectancy coefficient for each birth year.

The data of the table can be used in the calculator, for example, as an estimate of the previously accrued pension. For a more detailed information on your own accrued pension, check your pension record.

Estimate of the accrued pension at year-end 2020, median, €/month

Birth yearMenWomenTotal
2003111
2002333
2001121111
2000202321
1999323433
1998464847
1997666968
1996879089
1995112117114
1994141146144
1993171175174
1992204203204
1991237231234
1990274257265
1989310288298
1988349323334
1987393353369
1986432385405
1985469407432
1984509426459
1983536448484
1982565469509
1981598492536
1980646521572
1979692556613
1978742588651
1977799621695
1976843652733
1975895680771
1974925703796
1973963725827
19721009754862
19711050785895
19701076816925
19691124847967
196811768991018
196712249571072
1966127110051122
1965132710641176
1964138511201236
1963145311671288
1962152112301355
1961160012881419
1960166913541485
1959172014071535
1958176314441572

The statistics includes data of persons who reside in Finland, are insured for an earnings-related pension and who have not retired. The accrued pension for each age group is based on the data for year-end 2019. It has been adjusted to the level at year-end 2020 according to each age group’s previous development.

Estimate your partial old-age pension

The calculator also calculates how much your partial old-age pension affects your later old-age pension

Year of birth

Select your year of birth. It is needed to calculate the amount of your pension. Your year of birth determines your earliest eligibility age for the partial old-age pension and the old-age pension and the life expectancy coefficient.
Select the year in which you were born

Birth month

Select your birth month.
Select the month in which you were born

Wage or income from work/month (gross) before partial old-age pension

Enter your current (or an estimate of your future) annual wage/income from self-employment at a monthly level, as a whole number (for example, 2500).

Enter your wage (whole number, for example 2500)

Your accrued pension, from your pension record

Check your pension record (www.tyoelake.fi/en/pension-record/) and enter here the total amount (in full euros, for example 800) of the pension you have earned by the end of 2020 (excluding any increment for late retirement). The amount has been adjusted with the life expectancy coefficient.

Enter the accrued pension amount as a whole number, for example, 2500

I will take out as a partial old-age pension

Select if you take out 25% or 50% of your accrued pension.

Wage or income from work/month (gross) while drawing a partial old-age pension

Enter an estimate of your annual wage/income from self-employment at a monthly level while drawing an old-age pension (as a whole number, for example, 1500).

Enter your wage (whole number, for example 2500)

Select how your wage and salary earnings will develop in the future

Development according to projection means that your own earnings change in the calculator according to the annually estimated wage coefficient development until retirement. When calculating your pension, your earnings are also adjusted with the wage coefficient to the level of the year of retirement. The development of the wage coefficient in the calculator follows the projection of the Finnish Centre for Pensions.

Earnings kept at current level means that your own earnings or the wage coefficient used in indexing do not change.

For more detailed information about the assumptions used by the calculator, check the section About the calculator.

Retirement age - Pension estimate/month - €/month
Your target retirement age - Pension estimate/month - €/month
Estimate of your partial old-age pension

The pension is in the price level of the ongoing year.



Earliest possible age at which you can take out the partial old-age pension

Earliest possible age at which you can take out the partial old-age pension

The earliest eligibility age for a partial old-age pension is the age at which you can retire on a partial old-age pension. The retirement ages are estimates if you were born in 1965 or later.

- years and - months

Select the age at which you will start drawing an old-age pension

Test how the age when you start drawing the partial old-age pension affects the estimate.

Date on which your partial old-age pension begins: -
Partial old-age pension
- €/month
Your partial old-age pension begins - months before the earliest possible age at which you can retire on a full old-age pension. Your reduction for early retirement is - %.
Your partial old-age pension begins - months after you have reached the earliest possible age at which you can retire ona full old-age pension. Your increment for late retirement is - %.
The reduction for early retirement reduces your monthly partial old-age pension by - €/month.
The increment for deferred retirement increases your monthly partial old-age pension by - €/month.

The reduction for early retirement reduces your monthly partial old-age pension by

A reduction for early retirement of 0.4 per cent is made to your partial old-age pension for each month that you draw the pension early. If you take out the partial old-age pension at your earliest eligibility age for the pension, no reduction is made.

If you take out the partial old-age pension late, after reaching your old-age retirement age, an increment of 0.4 per cent for each month that you defer retirement is made. You cannot receive an increment for deferred retirement for the same period that you are paid an unemployment benefit.

Your partial old-age pension has been adjusted with the life expectancy coefficient.

Your partial old-age pension has been adjusted with the life expectancy coefficient

The partial old-age pension has been multiplied with the life expectancy coefficient determined for each age group.

Since the life expectancy of one's age group is determined at age 62, the life expectancy of those who retire on a partial old-age pension at age 61 is the coefficient of those who turn 62 in the year that the pension begins.

Your old-age pension after your partial old-age pension

The pension is in the price level of the ongoing year.



Retirement age

Retirement age

Your earliest eligibility age is the first possible age at which you can retire on an old-age pension. The retirement ages are estimates if you were born in 1965 or later.

- years and - months

Chosen retirement age

Test how the age at which you retire affects your pension estimate.

Time of your retirement: -
Earnings-related pension

Earnings-related pension

The earnings-related pension consists of the partial old-age pension, the part of the pension that is not taken and the pension that accrues while drawing a partial old-age pension.

- €/month

The reduction for early retirement on a partial old-age pension reduces your monthly old-age pension by - €/month.
The increment for deferred retirement on a partial old-age pension increases your monthly pension by - €/month.

The reduction for early retirement on a partial old-age pension reduces your monthly old-age pension by

The reduction for early retirement or the increment for late retirement of the partial old-age pension continues in the old-age pension.

The increment for deferred retirement of the old-age pension increases your monthly pension by - €/month.

The increment for deferred retirement of the old-age pension increases your monthly pension by

The reduction for early retirement or the increment for late retirement of the partial old-age pension continues in the old-age pension.

Your earnings-related pension has been adjusted with the life expectancy coefficient -.

Your earnings-related pension has been adjusted with the life expectancy coefficient

Your earnings-related pension is multiplied with the life expectancy coefficient determined for your year of birth. The life expectancy coefficient is used to adjust the pension in line with the expected life expectancy.

If your partial old-age pension has begun at age 61, the life expectancy coefficient determined for the age group that has turned 62 in the starting year of the pension is used. When the old-age pension begins, the share of the pension taken out as a partial old-age pension retains its different life expectancy coefficient.

Your old-age pension if you don't take out a partial old-age pension

Your old-age pension if you don't take out a partial old-age pension

You can compare the old-age pension you will receive after taking out a partial old-age pension with the old-age pension you would get if you were not to take out a partial old-age pension and would continue working and receiving the same earnings until you retire. The old-age pension is calculated until the retirement age you selected.


Earnings-related pension
- €/month

This calculator will calculate the amount of your partial old-age pension and the amount of your full old-age pension after you’ve taken out a partial old-age pension. For comparison, the calculator also calculates how much your full old-age pension would be if you had not taken out a partial old-age pension.

If you are 55 or older this year, the calculator will also calculate the amount of your national and guarantee pensions, if you qualify for them. You can estimate your pension using this calculator if you were born between 1951 and 2003.

The calculator will calculate your pension based on the wage you’ve entered into it and the laws that are valid in 2021. To get an estimation that is as close to the truth as possible, enter the amount of your earnings-related pension that you’ve earned by the end of 2020. The amount is stated on your pension record. Your final pension cannot be calculated until just before you retire.

If you are a wage earner, your pension will start to grow as of age 17. If you are self-employed, the age limit is 18. The calculator will calculate your earned pension as of age 17 and under the assumption that you will not retire early. The calculator will calculate your pension to the age of 70 at the most, at which time you can no longer earn more pension.

The calculator calculates your pension under the assumption that the earned pension you have entered into it has been adjusted with the life expectancy coefficient and does not include an increment for late retirement. If you have already reached your retirement age, the pension you have earned may include an increment for late retirement.

Calculator’s assumptions on wage development and extended life expectancy

You can select between two different future general wage developments in this calculator. The option in which the wage level remains unchanged corresponds to the pension record’s baseline projection of your pension. The option in which the wage level grows corresponds to the Finnish Centre for Pensions’ baseline assumption in its long-term projection.

According to that baseline assumption, the earnings level grows, real term, by 1.5 per cent each year. The near-future economic outlook has been taken more closely into account in the calculator. The wage coefficient that your pension is adjusted with to the level of the year in which your pension begins is calculated based on the general wage and price development. Long-term, the real-term annual development is around 1.2%.

The calculator assumes that your earnings grow each year in line with the wage coefficient. That is why your earnings grow slightly less than the average wages of wage earners since the wage coefficient takes into account 80% of the general growth in earnings.

The calculator gives your estimated pension in current prices. The euro amount thus reflects the effect of the wage coefficient adjustment and the growth of your own earnings on your pensions’ purchasing power.

The extended life expectancy that affects the projected retirement ages and life expectancy coefficient are based on the population forecast of Statistics Finland.

The assumptions used by the calculator regarding the life expectancy coefficient, the retirement age and the general earnings and price development are listed in this excel file.

Retirement age for partial old-age pension

The retirement age for a partial old-age pension is 61 years if you were born before 1964. If you were born in 1964, the retirement age is 62 years. If you were born in 1965 and later, your retirement age is linked to changes in life expectancy. The retirement age is based on the current projection of the extending life expectancy. The projection is based on the 2019 population projection of Statistics Finland. Read more about how the retirement ages are determined

Retirement age for old-age pension

Each birth year group has its own retirement age. If you were born in 1965 and later, your retirement age is based on the currently estimated extended life expectancy.

Earnings-related pension accrual and age at when your insurance obligation ends

Your earnings-related pension grows by 1.5 per cent of your annual earnings. If you are between 53 and 62 years old, your pension will grow by 1.7% of your annual gross wages between the years 2017 and 2025. If you retire late (after you have reached your retirement age), your pension will be increased by an increment for late retirement (0.4% for each month that you defer retirement). Pension accrues also for work you do while receiving a partial old-age pension.

The age when you stop paying pension insurance and your pension no longer grows will rise from 68 to 69 (for those born between 1958 and 1961) and 70 (for those born in 1962 and after).

Calculating a partial old-age pension

Your partial old-age pension is based on the earnings-related pension that you have accrued by the end of the year before the year in which you take out a partial old-age pension. When you retire on a partial old-age pension, you can draw 25% or 50% of the pension that you have accrued up to that time. Retiring on an old-age pension early will permanently reduce your future pension by 0.4% for each month from when you start drawing your pension to the month after you reach your retirement age.

Life expectancy coefficient

The accrued pension is adjusted with the life expectancy coefficient, which depends on your year of birth. The life expectancy coefficient for your age group will be confirmed when you turn 62 years. If you start drawing your partial old-age pension at age 61, the life expectancy coefficient confirmed for the year in which your partial old-age pension starts is used.

For the younger age groups, the life expectancy is a projection. The projections are based on the 2019 population projections of Statistics Finland.

Wage coefficient

When the amount of your starting pension is calculated, your income from work and self-employment during your working life will be adjusted with the wage coefficient to the level of the year in which you retire. The wage coefficient ensures that the pension you have earned during your working life retains its value. The wage coefficient takes into account 80% of the changes the index of wage and salary earnings and 20% of the changes in the consumer price index.

Kela pensions

You can get a national or guarantee pension from Kela if you have no or only a small earnings-related pension. If you get only a partial old-age pension, you cannot get a Kela pension. That is why the calculator estimates the Kela pension only for the old-age pension. Every euro of earnings-related pension that you get reduces your full national pension by 50 cents until there is no national pension left to pay. Your national pension depends on whether you live alone or with a spouse.

You get a guarantee pension if your total pension is below the full amount of the guarantee pension.  Apart from the earnings-related pension, the calculator does not consider other pensions that may affect your national or guarantee pension.

When your national pension amount is calculated, the reduction for early partial old-age pension is added to the amount of your earnings-related pension. That way, the national pension does not compensate for the reduction of the earnings-related pension caused by early retirement. The increment for late retirement is not considered when calculating your national pension, so the national pension does not reduce as a result of the increment for late retirement.

The calculator takes all other components of your earnings-related pension into account as factors reducing your national pension. When calculating the guarantee pension, the earnings-related pension paid is considered in full.

In the national pension scheme, the retirement age is 65 years. As of those born in 1965, the retirement age will be linked to life expectancy, just as in the earnings-related pension scheme. The calculator counts the reduction for early retirement (0.4% per month that you take the pension early) for both the national and the guarantee pension if you retire before you reach the retirement age of the national pension. The calculator also calculates an increase for late retirement if you retire after reaching the retirement age of the national pension. If you were born before 1962, the increment for late retirement is 0.6% for each month that you postpone your retirement and 0.4% if you were born in 1962 or after.

The calculator calculates your Kela pension providing you have lived long enough in Finland to qualify for a full national pension (80% of the time between you turned 16 and when you retire).
In the future, the national and the guarantee pension are expected to develop in line with the price index. In real terms, the Kela pension is at the current level in the calculator.

For more information on the national pension and the guarantee pension, go to Kela’s website.

Calculate the impact of family leave on your earnings-related pension

The calculator calculates the amount of pension benefits you earn for periods of child care and the amount of pension benefits you would earn from work during that same period. The amounts provided by the calculator are indicative.

Year of birth

Select your year of birth. The life expectancy coefficient, which affects the amount of your pension, is determined based on your year of birth.
Select the year in which you were born

Income in previous year, €/month

Enter your gross monthly income. The pension benefit is calculated based on the same annual income that your maternity/paternity/parental allowance is based on. The annual income may include earnings from employment and self-employment and benefits. The calculator calculates the pension that accrues from work on the basis of these earning, as well.
Enter your wage (whole number, for example 2500)

Duration of maternity/paternity allowance and/or a parental allowance, months

As a rule, the parental allowance is paid for a maximum of 10 months; in certain cases for a longer period. You can check the length of your parental allowance period from the Kela decision, or you can calculate its length using Kela's calculator. The pension calculator takes parental allowance periods into account at a monthly level.
Total duration of maternity or paternity allowance and parental allowance, months

Duration of child home care allowance, months

You can get a home child care allowance if you take care of your own child aged less than 3 years. That means that, on top of the parental allowance, the home child care allowance can be paid for a maximum of 27 months.
Duration of home care allowance, months
Pension accrual during parental leave(s)
Pension for period(s) on daily allowance: - €/month Pension for period(s) on child home care allowance: - €/month

Total pension for period(s) of parental leave: - €/month

The pension has been adjusted with the life expectancy coefficient

Your earnings-related pension has been adjusted with the life expectancy coefficient confirmed for the year in which you were born. The life expectancy coefficient adjusts your pension to changes in life expectancy.
Pension accrual for work
Pension accrual for period equivalent to work: - €/month

Eläke on tarkistettu elinaikakertoimella

Your earnings-related pension has been adjusted with the life expectancy coefficient confirmed for the year in which you were born. The life expectancy coefficient adjusts your pension to changes in life expectancy.

Selaimesi ei tue canvas elementtiä

The calculator calculates the pension benefits that accrue from periods of family leave according to legislation valid in 2021. The amounts provided by the calculator are indicative.

You earn pension benefits from periods of taking care of your own children for the period that you are paid a maternity, paternity or parental benefit or a child home care allowance. The calculator calculates the pension that you accrue from periods of family benefits paid for one child (or one birth). Both parents calculate the pension accrual for their own part.

The calculator calculates the pension accrual for those born between 1973 and 2003. The life expectancy coefficient that is used in the calculation is based on this age group. The selected age group allows for the pension calculations in the calculator to be simpler.

The pension that you have accrued for periods of care of your children born earlier is stated on your pension record. You will be granted the pension you have accrued for childcare if you have earned at least 18,410.22 (in 2021) euros for work that has been insured under the earnings-related pension acts before the year in which you retire.

The calculator assumes that the general earnings and price levels remain at the current level. The calculator does not take into account special cases such as, for example, if you work while you are getting a child home care allowance or if the pension is based on previous earnings determined before 2020.

For more information on benefits paid during family leave, for how long they are paid and how they are determined, go to Kela’s website.

Pension for periods on a parental allowance

For periods on a parental allowance, that is, when you get a maternity, paternity or a parental allowance, you earn pension benefits on your annual earnings based on your daily allowance. The annual earnings are calculated for the 12 calendar months before the calendar month in which your right to a daily allowance starts.

The annual earnings include wages, salary for insurance purposes, your confirmed income under YEL and MYEL, certain benefits and compensations for loss of earnings. As a rule, Kela receives your earnings data from the Incomes Register or the insurance providers. The earnings data used when calculating your pension comes from Kela. You can check your earnings data in the Incomes Register.

When calculating your pension, the social security contributions you have paid are deducted from the earnings that form the basis of your pension (9.91% in 2021). The earnings that form the basis of your pension are multiplied with factor 1.21. You accrue pension benefits to the amount of 1.5 per cent of your annual earnings. Your accrued pension benefits are adjusted with the life expectancy coefficient of your age group.

If you don’t have previous earnings and you are therefore paid a minimum parental allowance, or if the basis of your benefit (multiplied with the factor 1.21) are less than 767.09 euros/month, your accrued pension benefit is always based on a monthly earning of at least 767.09 euros (in 2021). If you are working while getting a daily allowance, the calculator does not calculate the pension you accrue based on your earnings from work.

You accrue a pension on an earnings basis multiplied by 1.21 also if your employer pays you a wage while you get a daily allowance. You earn pension based on your wage in a regular manner, as well as on the earnings that your benefit is based on (multiplied with the factor 0.21). Since the wage you are paid while also receiving a daily allowance has an insignificant impact on the amount of your accrued pension, the calculator does not separately take into account the wage you are paid for the period that you are getting the allowance.

Pension for period of child home care

You earn a benefit under a separate statute for periods of taking care of your own children under the age of 3. The benefit is granted and paid out together with your earnings-related pension. The basis for the benefit is a fixed amount of 767.09 euros per month (in 2021). The benefit accrues at a rate of 1.5 per cent. The accrued benefit is adjusted with the life expectancy coefficient of your age group.

Contrary to other earnings-related pensions, the benefit for child home care is not taken into account as a reducing factor when calculating your national pension.

Pension for work

The calculator calculates the amount of pension you would accrue from your earnings from work or self-employment so that you can compare it to the benefit you earn from the period of home child care. You accrue a pension at a rate of 1.5 per cent of your gross annual earnings. The accrued pension amount is adjusted with the life expectancy coefficient of your age group.

The calculator assumes that the wage you have entered for your work is also the basis for your parental allowance. The calculator does not take into account situations in which the wage deviates from the previous basis for the allowances, or in which the basis for the daily allowance includes benefit income.

The project on gender gaps in pensions aims to raise a discussion on gender gaps in pensions and increase citizens’ and decision-makers’ awareness of the underlying reasons for the gender gap in pensions.

The project, led by the Ministry of Social Affairs and Health, is carried out in cooperation between the Finnish Centre for Pensions, Kela and the Finnish Pension Alliance TELA.

The project has received financing from the Rights, Equality and Citizenship Programme of the European Union (2014-2020).

Your own monthly pension

Your own monthly earnings-related pension is taken into account. If you are not receiving a pension yet, your calculated pension will be taken into account.

Enter your wage (whole number, for example 2500)
Enter your wage (whole number, for example 2500)
Monthly surviving spouse's pension
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