Türkiye retirement income: a worked example

Invented figures, not official pension rates. Ages are scenario inputs, not eligibility ages. High-inflation assumptions are stress tests, not forecasts. Constant real pension income may be optimistic if actual adjustments lag prices.

What does this example show?

With spending of TRY 55,000 a month, an entered pension of TRY 30,000 from age 60, and no investment growth or inflation, the plan needs TRY 12,300,000 at age 55 to last until age 90. Of that, TRY 3,300,000 covers the period before the pension starts.

Load this example

Prepare the Türkiye inputs

Use the SGK estimate appropriate to your insurance category and compare it with a budget in Turkish lira. Explore the effect of inflation on accessible savings. SGK's citizen portal separates pension services by insured category, including 4A and 4B. Use the service appropriate to your history and confirm the payment date. This calculator does not infer entitlement from your current age or apply contribution-day rules.

Read the country guide and input checklist

Every assumption in the baseline

Current age / stop working: 55 / 55
Plan until age: 90 (exclusive)
Accessible savings at retirement: TRY 12,300,000
Further saving: TRY 0 per month
Spending after tax: TRY 55,000 per month
Entered pension after tax: TRY 30,000 per month, age 60 onward
Other income streams: TRY 0
Net nominal return / inflation: 0% / 0% per year

All figures use today's purchasing power. The pension is an illustrative recurring payment. The model does not assess eligibility, taxes, access restrictions or a benefit increase for claiming later. The example uses zero return to make the arithmetic easy to reproduce; zero is not a return forecast.

Follow the two periods

Age 55 to 60: savings cover all spending.
5 years × 12 months × TRY 55,000 = TRY 3,300,000.
Age 60 to 90: the pension covers part of spending.
Monthly gap = TRY 55,000 − TRY 30,000 = TRY 25,000. Over 30 years, savings supply TRY 9,000,000.

Total capital needed: TRY 3,300,000 + TRY 9,000,000 = TRY 12,300,000. At a nonzero return, the calculator discounts each monthly gap. It never borrows against future pension income.

Change one assumption

Same starting savings and spending, different timing · TRY
Scenario	Capital needed	Additional capital needed	Try it
Baseline bridge	TRY 12,300,000	TRY 0	Load scenario
Pension starts one year later	TRY 12,660,000	TRY 360,000	Load scenario
Plan for five more years	TRY 13,800,000	TRY 1,500,000	Load scenario

Delaying the same pension by one year increases the required savings by TRY 360,000. Planning five years longer adds TRY 1,500,000. Actual later-claiming benefits may differ: get a new official estimate before using a real alternative date.

What this leaves out

A private retirement product may be taken through different payment arrangements. Use an actual recurring-payment estimate if entering income. Capital allocated to those payments must not also fund the accessible-savings projection.

The result is a deterministic illustration with no market volatility, changing taxes, care-cost shock or inheritance target. Payments remain constant in real terms, which may overstate a pension that does not keep pace with prices. Three income streams are available; combine payments only when their dates and money basis match.

The first twelve-month budget in the calculator solves for a fundable spending level. It is a separate result from your entered target. In a stressed scenario it can be lower than the target; the capital-gap table above keeps the original spending target unchanged.

Official sources and review scope

Source descriptions checked 4 October 2026. This is an illustrative calculation, not a government benefit forecast. Read our editorial policy and review status.

Start with the calculator's default inputs · Calculation method · Report a correction