Retirement AtlasA clearer view of retirement.

Norway · NOK · Pension guide

Norway retirement calculator

Connect your NAV and provider forecasts with a spending plan in Norwegian kroner. Explore the savings you may need before and after pension payments begin.

Understand the pension system
NO / NOKMethodology

02Your retirement, in view

Today's money

Worked example. Change the inputs to explore your plan.

Accessible savings at retirement · 65

NOK 2,941,610

Today's money · After tax, in today's money.

Monthly gap · first retirement yearNOK 30,000
Savings needed at retirementNOK 8,178,966
Additional savings neededNOK 5,237,356

At retirement, under these assumptions. This is not an extra monthly contribution.

Your accessible savings over time

Today's money
Your accessible savings over time · NOKThe annual table below contains the same projection.0735.4k1.5m2.2m2.9m4558708395
Projected savings balance · NOKRetirement · 65

The first spending shortfall appears around age 73.9. Later pension payments may change the gap.

Pensions are set to zero. Add your estimates to include them.

See the year-by-year breakdown
All amounts after tax, in today's money. Age is at year end. Pension surplus is not reinvested.
Age at year endPhaseSavings addedReal growthPension incomeSavings withdrawnUnfunded spendingSavings left
46SavingNOK 48,000NOK 23,959NOK 0NOK 0NOK 0NOK 1,271,959
47SavingNOK 48,000NOK 25,370NOK 0NOK 0NOK 0NOK 1,345,330
48SavingNOK 48,000NOK 26,809NOK 0NOK 0NOK 0NOK 1,420,138
49SavingNOK 48,000NOK 28,276NOK 0NOK 0NOK 0NOK 1,496,414
50SavingNOK 48,000NOK 29,771NOK 0NOK 0NOK 0NOK 1,574,185
51SavingNOK 48,000NOK 31,296NOK 0NOK 0NOK 0NOK 1,653,482
52SavingNOK 48,000NOK 32,851NOK 0NOK 0NOK 0NOK 1,734,333
53SavingNOK 48,000NOK 34,436NOK 0NOK 0NOK 0NOK 1,816,769
54SavingNOK 48,000NOK 36,053NOK 0NOK 0NOK 0NOK 1,900,822
55SavingNOK 48,000NOK 37,701NOK 0NOK 0NOK 0NOK 1,986,523
56SavingNOK 48,000NOK 39,381NOK 0NOK 0NOK 0NOK 2,073,904
57SavingNOK 48,000NOK 41,095NOK 0NOK 0NOK 0NOK 2,162,999
58SavingNOK 48,000NOK 42,842NOK 0NOK 0NOK 0NOK 2,253,840
59SavingNOK 48,000NOK 44,623NOK 0NOK 0NOK 0NOK 2,346,463
60SavingNOK 48,000NOK 46,439NOK 0NOK 0NOK 0NOK 2,440,902
61SavingNOK 48,000NOK 48,291NOK 0NOK 0NOK 0NOK 2,537,193
62SavingNOK 48,000NOK 50,179NOK 0NOK 0NOK 0NOK 2,635,371
63SavingNOK 48,000NOK 52,104NOK 0NOK 0NOK 0NOK 2,735,475
64SavingNOK 48,000NOK 54,067NOK 0NOK 0NOK 0NOK 2,837,542
65SavingNOK 48,000NOK 56,068NOK 0NOK 0NOK 0NOK 2,941,610
66RetirementNOK 0NOK 54,455NOK 0NOK 360,000NOK 0NOK 2,636,065
67RetirementNOK 0NOK 48,464NOK 0NOK 360,000NOK 0NOK 2,324,528
68RetirementNOK 0NOK 42,355NOK 0NOK 360,000NOK 0NOK 2,006,883
69RetirementNOK 0NOK 36,127NOK 0NOK 360,000NOK 0NOK 1,683,010
70RetirementNOK 0NOK 29,776NOK 0NOK 360,000NOK 0NOK 1,352,786
71RetirementNOK 0NOK 23,301NOK 0NOK 360,000NOK 0NOK 1,016,087
72RetirementNOK 0NOK 16,699NOK 0NOK 360,000NOK 0NOK 672,787
73RetirementNOK 0NOK 9,968NOK 0NOK 360,000NOK 0NOK 322,755
74RetirementNOK 0NOK 3,111NOK 0NOK 325,866NOK 34,134NOK 0
75RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
76RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
77RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
78RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
79RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
80RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
81RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
82RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
83RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
84RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
85RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
86RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
87RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
88RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
89RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
90RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
91RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
92RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
93RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
94RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 0
95RetirementNOK 0NOK 0NOK 0NOK 0NOK 360,000NOK 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: a gap before pension payments

Imagine stopping work at 65 and spending NOK 30,000 a month, with no pension until 67. At zero return and zero inflation, the two-year bridge needs NOK 720,000. If confirmed pensions then total NOK 22,000 net a month, savings cover NOK 8,000 a month thereafter. These are invented amounts and dates, not NAV rates or AFP eligibility rules.

Understand the pension system

Norway

Common questions

Can I enter NAV pension and AFP together?

Only use a combination your scheme permits. For the older public-sector AFP arrangement, enter non-overlapping periods with NAV retirement pension. Other AFP arrangements have different conditions. The fields accept your scenario without validating scheme rules.

Will a later retirement age increase my pension here?

No. Get a new NAV and provider forecast for the later date and update the amount yourself. This tool changes the savings period and payment timing, but it does not calculate pension accrual or a deferral increase.

Does this calculate Norwegian pension tax?

No. Enter income after tax and a savings return after taxes and fees. Do not copy a gross forecast into a net field. Tax deductions, coordination and future changes are outside the model.

Methodology · 1.0

Methodology

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

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.