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

At your target retirement age, the increment for deferred retirement has increased your pension as much as your life expectancy coefficient cuts it at your 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 -

Read more about the old-age pension

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 your total pension amount (in full euros, for example 800). The amount is the amount you estimated to have accrued by the end of the previous month, adjusted with the life expectancy coefficient. Enter the accrued pension amount excluding a possible increment for late retirement.

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

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

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

At your target retirement age, the increment for deferred retirement has increased your pension as much as your life expectancy coefficient cuts it at your 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

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

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
- %
Next year's index-adjusted pension amount
Earnings-related pension
- €/month
Next year's pension amount has been adjusted with the projected nominal development of the earnings-related and national pension index.

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 1955 and 2006.

The calculator will calculate your pension based on the wage you’ve entered and the laws that are valid in 2024. To get an estimation that is as close to the truth as possible, enter the amount of your accrued earnings-related pension that is stated on your pension record. Your final pension cannot be calculated until just before you retire.

If you are a wage earner, you will begin to accrue pension at 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. After that, you no longer earn more pension.

The calculator calculates your pension under the assumption that the earned pension you have entered 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.

If you can retire during the ongoing year, you can estimate not only the amount of your starting old-age pension but also the amount of your index-adjusted pension amount for next year. You can see the index-adjusted amount for next year when you select “Assessment of index effect (nominal price level)” and your selected time of retirement is in the ongoing year. By changing your age at retirement, you can compare your index-adjusted pension for next year with the pension amount you would get were you to retire next year.

Calculator’s assumptions on wage and price development as well as 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.

If your pension can start during the ongoing year, you can also select to have the pension amount presented at a nominal level in addition to the price level of the ongoing year. In the alternative with the nominal price level, the projected price development corresponds to the baseline projection of the long-term projection of the Finnish Centre for Pensions.

According to the baseline assumption, the earnings level grows by 1.2 per cent and the consumer price index by 2.0 per cent per year real term. 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 1.0%.

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 presents your assumed pension amount 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. If you reach your retirement age during the ongoing year, you can assess your pension also at a nominal price level. In that case, the assessment includes the impact of the projected price development.

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 2021 population projection that has been updated by the Finnish Centre for Pensions. 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 2021. 

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 2022, 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 2023 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 2022, median, €/month

Birth yearMenWomenTotal
2005111
2004434
2003131112
2002222323
2001343434
2000505251
1999697472
1998929694
1997123127125
1996154156155
1995186189188
1994224223223
1993258254256
1992295284289
1991333315324
1990374345357
1989413380394
1988456417433
1987505448472
1986550484511
1985590509544
1984634533574
1983668561603
1982698583630
1981735610662
1980791640702
1979842681748
1978900715791
1977962752839
19761008789882
19751063819923
19741098847954
19731137870985
197211919011025
197112329391060
197012669721095
1969131710121140
1968137610741203
1967142811381261
1966148211951318
1965154912601380
1964161313211443
1963167813651493
1962175014291561
1961180114731604
1960185315301657
1959188915681694

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 2021. It has been adjusted to the level at year-end 2022 according to each age group’s previous development.

If you can retire during the ongoing year, you can estimate not only the amount of your starting old-age pension but also the amount of your index-adjusted pension amount for next year. The indexes for next year are projections; the figures will be specified in the autumn.

For example, you can compare the amount of your pension if you retire in December 2024 or January 2025. For comparable results, select the nominal price level in all calculations.

  1. Calculate how much your monthly pension would be if it were to start in December 2024 and how much your index-adjusted pension that would start in January 2025 would be.
  2. Calculate how much your pension that would start in 2025 would be by selecting a higher age at retirement.
  3. Compare the results with each other.
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 your total pension amount (in full euros, for example 800). The amount is the amount you estimated to have accrued by the end of the previous month, adjusted with the life expectancy coefficient. Enter the accrued pension amount excluding a possible increment for late retirement.

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 your partial 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 in
- €/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.

Next year's index-adjusted pension amount
Partial old-age pension in
- €/month
Next year's pension amount has been adjusted with the projected nominal development of the earnings-related pension index.
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 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 had you 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 1958 and 2006.

The calculator will calculate your pension based on the wage you’ve entered and the laws that are valid in 2024. To get an estimation that is as close to the truth as possible, enter the amount of your accrued earnings-related pension that 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. After that you no longer earn more pension.

The calculator calculates your pension under the assumption that the earned pension you have entered 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.

If you can retire on a partial old-age pension during the ongoing year, you can estimate not only the amount of your starting pension but also the amount of your index-adjusted pension for next year. You can see the index-adjusted amount for next year when you select “Assessment of index effect (nominal price level)” and your selected time of retirement is in the ongoing year. By changing your age at retirement, you can compare this estimated index-adjusted pension amount for next year with the estimated amount for your pension were you to retire next year. The amount of your index-adjusted partial old-age pension is not stated if your old-age pension begins during the ongoing year or in January next year since, in that case, you will no longer be paid a partial old-age pension next year.

Calculator’s assumptions on wage and price development as well as 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.

If your pension can start during the ongoing year, you can also select to have the pension amount presented at a nominal level in addition to the price level of the ongoing year. In the alternative with the nominal price level, the projected price development corresponds to the baseline projection of the long-term projection of the Finnish Centre for Pensions.

According to the baseline assumption, the earnings level grows by 1.2 per cent and the consumer price index by 2.0 per cent per year real term. 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 1.0%.

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 considers 80% of the general growth in earnings.

The calculator presents your assumed pension amount 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. If you reach your retirement age during the ongoing year, you can assess your pension also at a nominal price level. In that case, the assessments include the impact of the projected price development.

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 Statistics Finland’s 2021 population projection that has been updated by the Finnish Centre for Pensions. 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 2021 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.

If you can retire on a partial old-age pension during the ongoing year, you can estimate not only the amount of your starting pension but also the amount of your index-adjusted pension for next year. The indexes for next year are projections; the figures will be specified in the autumn. The partial old-age pension calculator cannot calculate your index-adjusted pension amount if your old-age pension begins in the current year or in January of the following year since, in that case, you will no longer be paid a partial old-age pension in next year.

For example, you can compare the amount of your pension if you retire in December or January. For comparable results, select the nominal price level in all calculations.

  1. Calculate how much your monthly pension would be if it were to start in December 2024 and how much your index-adjusted pension that would start in January 2025 would be.
  2. Calculate how much your pension that would start in 2025 would be by selecting a higher age at retirement.
  3. Compare the results with each other.

Read more about the partial old-age pension

Estimate the amount of your survivors’ pension

The calculator estimates the share of the deceased spouse’s or breadwinners pension paid to the surviving spouse and the orphans (beneficiaries), as well as the reduced surviving spouse’s pension

Enter your pension as a whole number, for example 1500
Select beneficiaries

Read more about the survivors’ pension

Estimate your confirmed income from self-employment with calculator

The calculator recommends your confirmed income from self-employment and its flexibility. The recommendation is indicative.

Calculate your recommended confirmed income 

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 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 earnings, as well.

Enter your wage (whole number, for example 2500)

Total period (in months) of daily allowances for parents

As a rule, daily allowances for parents are paid for a maximum of 10 months; in certain cases for a longer period. You can check the length of your period of daily allowances for parents from Kela’s decision, or you can calculate its length using Kela's calculator. The pension calculator takes periods of daily allowances for parents 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 child home care allowance if you stay at home and take care of your own child under the age of three. You can get the child home care allowance after 160 weekdays of when your child was born, that is, when your child is around six months old.

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.


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The calculator calculates the amount of pension you earn for family leaves based on the valid legislation in 2024. The amounts given by the calculator are indicative.

You earn pension for periods of child care based on the daily allowances for parents or child home care allowance that you receive. The daily allowances for parents include the maternity, special maternity, paternity and parental allowance (up to 1 August 2022) and the pregnancy, special pregnancy and parental allowance (as of 1 August 2022). You get the new daily allowances for parents if you are expecting a baby whose due date is 4 September 2022 or later.

The calculator calculates the pension that you accrue based on the family leave allowances that you are paid for one child (or one birth). Each parent calculates the earned pension for their own part.

The calculator calculates the pension earned for periods of parental leave if you were born between 1973 and 2006. The life expectancy used in the calculation is based on your year of birth. By limiting the calculation per age group, it has been possible to simplify the calculator.

The amount of pension you have accrued for children born earlier is listed on your pension record. As a recipient of family leave allowances, you earn pension for periods of child care if you have received earnings insured under the earnings-related pension insurance acts to an amount of at least 20,571.69 euros (in 2024 prices) before the year in which you retire.

The calculator assumes that the general earnings and price level and your own earnings level remain at the same level as they were when you used the calculator. The calculator does not take into account special situations, for example, if you work while you are on a child care leave or if your pension is based on an earnings level determined before 2020.

For more information on allowances paid during family leaves, for how long the allowances are paid and how they are determined, visit Kela’s website.

Pension for periods on daily allowances for parents

For periods on daily allowances for parents, you earn pension based on the annual earnings that your daily allowances are based on. Your annual income is calculated for the 12 calendar months before the calendar month in which your right to the daily allowances begins.

Your annual earnings include wage and salary income, salary for insurance purposes, YEL and MYEL income, certain benefits and certain benefits for loss of earnings. As a rule, Kela gets your earnings data from the Incomes Register or the insurance providers. Kela provides your earnings basis that is needed for calculating your pension. You can check your wage data from the Incomes Register.

When calculating your pension, your annual earnings are reduced by the insurance contribution deduction (8.95% in 2024). Your pensionable earnings (earnings that your pension is based on) is multiplied by 1.21. You accrue pension at an annual rate of 1.5 per cent. Your accrued pension is multiplied by the life expectancy coefficient of your age group.

Your pension is based on a monthly income of at least 857.15 euros (in 2024) if you have no previous earnings from work and you get the minimum amount of the daily allowances for parents, or if your monthly earnings that form the basis of your benefit (multiplied by 1.21) are less than 857.15 euros. The calculator does not consider situations in which you are paid a minimum daily allowance because you work or for some other reason.

Your pension accrues from an earnings basis multiplied by 1.21 also if your employer pays you a wage while you receive daily allowances for parents. You accrue pension for your wage in the regular manner while the basis of your daily allowances is multiplied by a factor of 0.21. Since wages you are paid during periods of the daily allowances for parents do not significantly affect the amount of pension you earn, the calculator does not separately consider the wage you are paid while receiving daily allowances for parents.

Pension during period of child home care allowance

Under a special act you earn a benefit for periods of taking care of your own child under the age of three. The benefit is paid out in connection with the payment of your earnings-related pension. The benefit is based on a fixed monthly amount of 857.15 euros (in 2024). You accrue the benefit at an annual rate of 1.5 per cent. The accrued pension is multiplied by the life expectancy coefficient of your age group.

If you receive a national pension, this benefit does not reduce that pension (the way earnings-related pensions do).

Pension for work

For comparison, the calculator calculates the pension you receive for periods of child care and the pension you would receive if you were working or self-employed. You accrue pension at a rate of 1.5 per cent of your annual gross earnings. Your accrued pension is multiplied by the life expectancy coefficient of your age group.

The calculator assumes that the basis for your pension from work and periods on daily allowances for parents is the same, that is, the wage you have entered into the calculator. The calculator does not take account of situations in which your wage deviates from the previous income that your daily allowances are based on or situations in which the basis of your  daily allowances for parents includes also benefit income.

Read more about pension that accrues during family leaves