Pension formula: How to calculate your pension with a salary of 5500 euros

Pension formula: How to calculate your pension with a salary of 5500 euros

A salary of €5,500 gross per month can lead to a solid pension if a constant income has been achieved over five decades. The pension formula serves as a tool to calculate the expected monthly pension. Various factors such as salary points, access factor, current pension value and pension type factor play a role. Taking into account the average gross salary in Germany for 2024, a gross monthly salary of €5,500 could lead to a monthly pension of €2,726 if the income remains constant over 50 years of work.

The pension type factors vary depending on the type of pension and can influence the amount of the pension contribution. For example, while pensions due to old age have a factor of 1.0, pensioners who are partially or completely disabled must expect lower pension factors. The pension calculation also takes individual aspects such as actual income during working life and any additional or deductible payments into account.

The discussion about the retirement age and pension increases remains current, with proposals to adjust the retirement age and measures to promote work incentives in old age. Pensioners from July 2024 can expect a pension increase while the political debate about pension policy reforms continues. It remains essential to take individual factors into account and continually deal with the pension regulations in order to create a solid financial basis in retirement.