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How much will I receive from retirement?

See an estimate of your Social Security pension, the age you can retire, and how much you need to maintain your lifestyle.
  • Insurance agent registered with ASF
  • Projected legal age for your case
  • No costs or commitment
What do you want to know?

Three questions to find out how much you should receive from retirement

years

This helps us know how many years are left until retirement.
years

If you don't know, we count from the age of 23, without interruptions.
€

The gross salary. It's on your pay slip.
We account for retirement at the legal age and with the rules of 2026, which may change.

How we calculate

We use the general rule of Social Security, with your numbers.

  1. The average of your salaries

    The pension is based on the average of salaries over the entire career, up to 40 years, and not the last salary.That's why it's almost always lower

  2. The years of contributions

    Each year of contributions is worth between 2.0% and 2.3% of that average. With 40 years, the pension reaches about 90% of the average.Fewer years, lower pension

  3. The age

    The legal age rises with life expectancy. Before it, there is a cut of 0.5% per month. Afterwards, a bonus.Every month counts
This is an estimate with today's rules, which may change until you retire. The official simulation is done on Social Security Direct, with your actual career.

Illustrative cases

Illustration of Fátima in Viana do Castelo, calculating retirement
Illustrative example

Fátima planned to retire at 63, like her mother.

She lives in Viana do Castelo and is 52 years old. She had some years without contributions when her children were young, and today she earns €1,150 gross per month. She had never done the math. She wanted to know when she can retire and how much she can count on.Age: 52 years · 23 years of contributions, with 6 years without contributing · net salary today: €938
  1. 1The question: “Can I retire at 63? And how much will I get?”
  2. 2What the simulator showed: she cannot retire at 63. To retire before the legal age, she needs 40 years of contributions at 60, and she will have 31. In her case, the retirement age should be 67 years and 9 months. At that time, the pension is about €944 net per month: €89 for every €100 of the last salary.
  3. 3The result: she found out when she can retire and how much she can count on. She decided to set aside part of her Christmas bonus every year and talked to CrediSegur about a PPR.

Retirement age 67 years and 9 months

Net pension per month€944

Net pension per month
€944
at 67 years and 9 months, at today's prices
Retirement age
67 years and 9 months
without cuts
Years of contributions at 60
31
40 were needed
“I preferred to know now. I still have fifteen years to organize myself.” — FátimaIllustrative case: character and values are fictional and serve only to demonstrate the simulator's operation. The pension is an estimate with the rules of 2026 and does not replace the Segurança Social simulation.
Illustration of Glória and Horácio in Caldas da Rainha, planning retirement
Illustrative example

Glória and Horácio don't want to lose income when they retire.

They live in Caldas da Rainha. Glória is 45 years old and earns €2,800 gross per month. They calculated for her first. Those who earn more lose more when transitioning to retirement. They wanted to know how much to set aside each month.Earns today, net: €1,906 · at the end of the career, should earn: €2,247 · already has €12,000 and sets aside €50 per month
  1. 1The question: “To not lose income when I retire, how much do I need to save?”
  2. 2What the simulator showed: the estimated pension is €2,088 net per month, at 67 years and 10 months. There's a gap of €162 to the €2,250 she wants. To cover them, she needs to gather €64,795: more €91 per month than she already saves.
  3. 3The result: she started setting aside €141 per month. Part of it goes to a PPR, which gives her up to €350 in IRS discount every year.

Capital to gather €64,795

Save per month€141/month

Save per month
€141/month
in total, until 67 years and 10 months
Capital to gather
€64,795
until retirement
IRS discount with a PPR
€350
per year, at most
“Divided over twenty-something years, it's less than we thought. The hard part was starting.” — GlóriaIllustrative case: characters and values are fictional and serve only to demonstrate the simulator's operation. The profitability is a hypothesis and is not guaranteed. The mentioned PPR is an insurance product, proposed only after a needs analysis.
*Illustrative, non-binding example, with fictional characters and values, purely indicative and subject to confirmation. It does not constitute an insurance offer, nor does it replace the analysis of each client’s personal situation or the insurer’s acceptance of the risk. Under the information duty set out in Law no. 7/2019, of January 16 (legal framework for insurance distribution). CrediSegur (CRRF Brokerage, Lda.) — Insurance Agent registered with the ASF under no. 421571530, for the Life and Non-Life branches, under a commercial agreement with Seguramos – Corretores de Seguros, S.A. In the event of a dispute, the client may resort to CIMPAS — Centro de Informação, Mediação e Arbitragem de Seguros.

What is true and what is myth about retirement

Four ideas we often hear, and what to do about each.
  • Myth“Retirement is calculated based on the last salary.”False. It considers the average salary over the entire career, up to 40 years. A raise at the end of the career has little impact.What to do: Check your career on Segurança Social Direta. Missing years lower the pension.
  • Truth“The retirement age increases almost every year.”True. It is 66 years and 9 months in 2026 and 66 years and 11 months in 2027. It rises with life expectancy.What to do: Calculate with the age you will need to meet, not today's age.
  • Depends“I can retire at 60.”Depends. Only those with 40 years of contributions at 60 can do so, and with a cut of 0.5% for each month missing until the legal age.What to do: See how much each year of early retirement costs before deciding.
  • Myth“It's too late to start saving.”False. The earlier you start, the less it costs per month, but starting at 50 still gives 15 years or more of savings and interest.What to do: Start with an amount you can maintain every month.

The next step

You already have this answer. Keep going — each tool prepares the next decision.

Prepare for retirement with a manager

We see with you how much makes sense to set aside and what savings solutions in the form of insurance exist, after an analysis of your needs.

Frequently Asked Questions

No. It is an estimate based on the general rule of Social Security and the values you provided. The actual pension depends on your real career, year by year. The official simulation is available on Segurança Social Direta.
Because the legal age increases with life expectancy. We use the ages already published for 2026 and 2027 and, from then on, an increase of about 0.67 months per year. It is an assumption.
Those who have more than 40 years of contributions by 65 can retire earlier without cuts: 4 months less for each year above 40, never before 65.
Yes. We show everything in today's euros, so you can compare with what you earn and spend now. Inflation is already discounted in the profitability.
They can change. In «Refine assumptions», you can apply a cut to the pension to see the effect. We also show, as an example, what happens with a cut of 20%.
It is a retirement savings plan. It gives a discount on IRS of 20% of what you contribute each year, up to €400 if you are under 35 years, €350 between 35 and 50 and €300 after 50. There are rules for withdrawing before retirement.
Official data verified on 10/20/2026 · Sources: Diário da República, Autoridade Tributária, Banco de Portugal, INE, Segurança Social, Assembleia da República, JORAM (Madeira) · see sourcesData from INE – Portugal, reused under the CC BY 4.0 licence.
Important note: Informative simulation. The pension is an estimate based on the Social Security rules in force in 2026 (general rule, without transitional regime), at today's prices; it does not replace the Social Security simulation. The rules may change. The returns are assumptions and are not guaranteed. It is not financial advice or investment recommendation. PPR and capitalization insurance are insurance products, proposed only after analyzing the client's needs. Sources (in Portuguese): DL n.º 187/2007 (arts. 28.º a 37.º) e DL n.º 119/2018; Portaria n.º 480-B/2025/1 (valores mínimos). Legal age: 66 years and 9 months in 2026 and 66 years and 11 months in 2027; then, an additional 0.67 months per year (in Portuguese: Pressuposto: a idade legal sobe cerca de dois terços de mês por ano, com a esperança de vida (DL n.º 187/2007, art.º 20.º)). CRRF – BROKERAGE, LDA (CrediSegur) is a tied credit intermediary registered with Banco de Portugal (no. 0001290) and an insurance agent registered with ASF (no. 421571530); it does not charge fees for credit intermediation.