Austria · EUR · Pension guide
Austria retirement calculator
Put your Austrian pension forecast and savings on the same footing. Compare after-tax income with spending, including the years before your pension starts.
Understand the pension systemWorked example. Change the inputs to explore your plan.
From age 65 to 66 · 12 modelled months · EUR
12-month retirement spending estimate
€16,184
After tax · today's money
- Income you entered
- + €0
- From savings or pension pot
- + €16,184
A level budget through age 95 under your assumptions. It can use up savings and leaves no inheritance reserve. Review each year; this is not a guaranteed spending amount.
See the 12-month breakdown
Rounded monthly averages, not actual payment dates. Income above this budget is not reinvested.
| Month | Income you entered | From savings or pension pot | Spending budget | Savings left |
|---|---|---|---|---|
| 1 | €0 | €1,349 | €1,349 | €366,948 |
| 2 | €0 | €1,349 | €1,349 | €366,194 |
| 3 | €0 | €1,349 | €1,349 | €365,438 |
| 4 | €0 | €1,349 | €1,349 | €364,681 |
| 5 | €0 | €1,349 | €1,349 | €363,923 |
| 6 | €0 | €1,349 | €1,349 | €363,164 |
| 7 | €0 | €1,349 | €1,349 | €362,403 |
| 8 | €0 | €1,349 | €1,349 | €361,641 |
| 9 | €0 | €1,349 | €1,349 | €360,878 |
| 10 | €0 | €1,349 | €1,349 | €360,114 |
| 11 | €0 | €1,349 | €1,349 | €359,348 |
| 12 | €0 | €1,349 | €1,349 | €358,582 |
Savings left after 12 months: €358,582
How this budget is calculated (English) ↗The projection below follows your entered spending or withdrawal plan; this budget is a separate estimate.
Accessible savings at retirement · 65
€367,701
Today's money · After tax, in today's money.
At retirement, under these assumptions. This is not an extra monthly contribution.
Your accessible savings over time
Today's moneyThe first spending shortfall appears around age 78.4. Later pension payments may change the gap.
Pensions are set to zero. Add your estimates to include them.
See the year-by-year breakdown
| Age at year end | Phase | Savings added | Real growth | Pension income | Savings withdrawn | Unfunded spending | Savings left |
|---|---|---|---|---|---|---|---|
| 46 | Saving | €6,000 | €2,995 | €0 | €0 | €0 | €158,995 |
| 47 | Saving | €6,000 | €3,171 | €0 | €0 | €0 | €168,166 |
| 48 | Saving | €6,000 | €3,351 | €0 | €0 | €0 | €177,517 |
| 49 | Saving | €6,000 | €3,534 | €0 | €0 | €0 | €187,052 |
| 50 | Saving | €6,000 | €3,721 | €0 | €0 | €0 | €196,773 |
| 51 | Saving | €6,000 | €3,912 | €0 | €0 | €0 | €206,685 |
| 52 | Saving | €6,000 | €4,106 | €0 | €0 | €0 | €216,792 |
| 53 | Saving | €6,000 | €4,305 | €0 | €0 | €0 | €227,096 |
| 54 | Saving | €6,000 | €4,507 | €0 | €0 | €0 | €237,603 |
| 55 | Saving | €6,000 | €4,713 | €0 | €0 | €0 | €248,315 |
| 56 | Saving | €6,000 | €4,923 | €0 | €0 | €0 | €259,238 |
| 57 | Saving | €6,000 | €5,137 | €0 | €0 | €0 | €270,375 |
| 58 | Saving | €6,000 | €5,355 | €0 | €0 | €0 | €281,730 |
| 59 | Saving | €6,000 | €5,578 | €0 | €0 | €0 | €293,308 |
| 60 | Saving | €6,000 | €5,805 | €0 | €0 | €0 | €305,113 |
| 61 | Saving | €6,000 | €6,036 | €0 | €0 | €0 | €317,149 |
| 62 | Saving | €6,000 | €6,272 | €0 | €0 | €0 | €329,421 |
| 63 | Saving | €6,000 | €6,513 | €0 | €0 | €0 | €341,934 |
| 64 | Saving | €6,000 | €6,758 | €0 | €0 | €0 | €354,693 |
| 65 | Saving | €6,000 | €7,008 | €0 | €0 | €0 | €367,701 |
| 66 | Retirement | €0 | €6,930 | €0 | €31,200 | €0 | €343,432 |
| 67 | Retirement | €0 | €6,455 | €0 | €31,200 | €0 | €318,686 |
| 68 | Retirement | €0 | €5,969 | €0 | €31,200 | €0 | €293,456 |
| 69 | Retirement | €0 | €5,475 | €0 | €31,200 | €0 | €267,730 |
| 70 | Retirement | €0 | €4,970 | €0 | €31,200 | €0 | €241,500 |
| 71 | Retirement | €0 | €4,456 | €0 | €31,200 | €0 | €214,756 |
| 72 | Retirement | €0 | €3,931 | €0 | €31,200 | €0 | €187,488 |
| 73 | Retirement | €0 | €3,397 | €0 | €31,200 | €0 | €159,685 |
| 74 | Retirement | €0 | €2,852 | €0 | €31,200 | €0 | €131,336 |
| 75 | Retirement | €0 | €2,296 | €0 | €31,200 | €0 | €102,432 |
| 76 | Retirement | €0 | €1,729 | €0 | €31,200 | €0 | €72,961 |
| 77 | Retirement | €0 | €1,151 | €0 | €31,200 | €0 | €42,912 |
| 78 | Retirement | €0 | €562 | €0 | €31,200 | €0 | €12,274 |
| 79 | Retirement | €0 | €58 | €0 | €12,332 | €18,868 | €0 |
| 80 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 81 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 82 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 83 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 84 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 85 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 86 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 87 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 88 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 89 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 90 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 91 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 92 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 93 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 94 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
| 95 | Retirement | €0 | €0 | €0 | €0 | €31,200 | €0 |
Educational estimates. Not personal financial advice. Manual pension amounts. No eligibility, tax calculation or future benefit reassessment. This model assumes steady returns and is not a probability of success.
Example: from annual pension to monthly gap
Suppose a personal estimate totals €25,200 a year after tax and deductions, including special payments. Enter €2,100 a month (€25,200 ÷ 12). With spending of €2,600, the gap is €500 a month. If both spending and pension start at 65 and the plan ends at 85, zero return and zero inflation imply €120,000 of savings needed at retirement (€500 × 12 × 20). All amounts and ages are invented illustrations; the form starts with a separate savings example and zero pensions.
Understand the pension systemAustria
Common questions
Does this calculate my statutory pension entitlement?
No. It projects the spending gap using the amounts you provide. It does not calculate insurance periods, pension credits, early-retirement reductions or a legal pension age. Confirm your personal forecast with the responsible pension institution.
Should I multiply one net pension payment by 14?
Use your expected annual net total instead. The net amounts of ordinary and special payments may differ, and the first year can be incomplete. Divide that total by 12; do not add special payments again if your forecast already includes them.
Can I stop working before my pension begins?
Set the stop-work age earlier than the pension start age. The calculation then draws more from accessible savings during the gap. Whole-year ages and smoothed payments mean you still need a separate plan for exact dates and first-year cash flow.
Methodology · 1.0
Methodology
12-month retirement spending estimate
Already retired? Set the stop-work age equal to your current age to estimate the next 12 months. Otherwise the estimate starts at your chosen retirement age.
Rounded monthly averages, not actual payment dates. Income above this budget is not reinvested.
How this budget is calculated (English) ↗
One consistent money basis
All inputs and results use today's purchasing power. Enter net pension payments and spending after tax. The net return is nominal, after investment taxes and fees. Monthly real growth factor = ((1 + net return / 100) / (1 + inflation / 100))^(1/12). Savings contributions remain constant in real terms and arrive at month-end until retirement.
How the income gap is funded
From retirement, the monthly gap is max(0, spending − active pension payments). Savings grow first, then a month-end withdrawal funds the gap up to the available balance. Excess pension income is not reinvested. The capital needed at retirement is the sum of these future gaps discounted at the monthly real return; no future pension is borrowed against.
What the estimate leaves out
Amounts stay constant in real terms: the model assumes payments keep pace with inflation, which your actual pension may not do. Ages use whole years; no calendar dates, pension accrual, changing taxes, benefit offsets, future lump sums, market volatility or inheritance target are modelled. Income before your entered retirement age is excluded. Changing a start age does not recalculate the payment amount. Only combine streams that share the same dates.
Official sources & pension overviews
- oesterreich.gv.at · Pensionskonto ↗
- Pensionsversicherung · Auszahlung und Sonderzahlungen ↗
- Pensionsversicherung · Pension und Steuer ↗
Sources checked . Manual pension amounts. No eligibility, tax calculation or future benefit reassessment. This model assumes steady returns and is not a probability of success.