Design your
own pension

Calculator

short_text

NB! Calculator might not work with Internet Explorer. Please use Safari, Chrome, Edge or Mozilla browser.

calc

Calculator

I
pillar
II
pillar
III
pillar
Future
value
Based on previous choices you are already retired. Change the birth year to make it possible to calculate the future value.
Choose your year of birth
Choose your month of birth
Choose your gross salary

See how your pension will change depending on when you retire – sooner or later
You can get information about the year of joining and the assets of the II pillar by logging in to the website of the Pensionikeskus
Year of joining the II pillar
i
Due to the reform of the II pillar of the pension, you can suspend the contributions to the funded pension from 1 January 2021. In this case, you will still have the II pension pillar with the money accumulated in it, but no new contributions will be added. Remember that contributions can only be restored after 10 years. Read more on the website of the Ministry of finacen.
I suspend payments to II pillar
i
If you want to withdraw the entire amount from II pillar at once, income tax will be deducted from the amount. Read more about income tax rates on the website of the Ministry of Finance. You can get information about the year of joining and the assets of the 2nd pillar by logging in to the website of the Ministry of Finance.

You can get information about the year of joining and the assets of the 2nd pillar by logging in to the website of the Pensionikeskus.
Due to the reform of the II pillar of the pension, you can leave the 2nd pillar from 1 January 2021 and withdraw the collected money before the retirement age. In this case, you no longer have a second pension pillar. Remember that if you leave and withdraw money, it will only be possible to rejoin II pillar after 10 years. Read more on the website of the Minisry of Finance.
I'm taking money out of II pillar
i
If you want to withdraw the entire amount from II pillar at once, income tax will be deducted from the amount. Read more about income tax rates on the website of the Ministry of Finance.

You can get information about the year of joining and the assets of the 2nd pillar by logging in to the website of the Pensionikeskus.
From 1 July 2020 to 31 August 2021, the state suspended contributions to II pillar (4%) for all those born since 1961. In October 2020, there will be an opportunity to additionally suspend 2% of a person’s own salary. Read about the temporary suspension of payments in the II pillar on the website of the Ministry of Finance.
I temporarily suspend 2% contributions
i
See how the pension will change depending on how soon or late you will start using the money accumulated in the 2nd pillar

The data I have entered so far

I was born

January   1944

My gross salary

0

* the data entered in the calculation of the 1st pillar are used in the calculations

You can get information about the assets of III pillar by logging in to the website of the Pensionikeskus
III pillar accumulates
i
You can get information about the assets of III pillar by logging in to the website of the Pensionikeskus logides
Amount of monthly payments to III pillar
i
You can get information about the monthly payment of the III pillar from the Pensionikeskus or your own Internet bank.
I suspend payments to III pillar
i

See how the pension will change depending on how soon or late you will start using the money accumulated in the 3rd pillar

The data I have entered so far

I was born

January  1944

My gross salary

0

* the data entered in the calculation of the 1st pillar are used in the calculations

The calculations use forecasts of wage growth and pension index growth from the webpage of the Ministry of Finance. You can find long-term forecasts and additional information about them on the website of the Ministry of Finance. Life expectancy prognoses are taken from Eurostat (the portal of the statistical office of the European Union). The results of the calculation are presented in euros at the time of retirement.
The calculation on this page takes into account inflation and economic growth. The model is based on economic prognoses of the Ministry of Finance.
i


The cell is pre-filled with data calculated from the model. Enter into the cell the number of years that you worked before 1999 (or years of activities equivalent to working).
Years of pensionable service up to 1998 (incl.)
i
The cell is pre-filled with data calculated from the model. You can find the correct number from the Citizens' Portal (www.eesti.ee => Personal data => Pensions and allowances => Viewing the e-notice of the State Pension Insurance Registry).
Total insurance components 1999–2020 (incl.)
i
The cell is pre-filled with data calculated from the model. You can find the correct number from the Citizens' Portal (www.eesti.ee => Personal data => Pensions and allowances => Viewing the e-notice of the State Pension Insurance Registry).
Total joint components from 2021
i

The cell is pre-filled with data calculated from the model. You can find the correct number from the Citizens' Portal ((www.eesti.ee => Personal data => Pensions and allowances => Viewing the e-notice of the State Pension Insurance Registry).
Amount accumulated in II pillar at the end of the previous year (euro)
i
The cell is pre-filled with the 10-year average yield of Estonian pillar II funds. You can get information about the yield of your personal II pillar funds from the Pensionikeskuse website (log in or check Statistics).
Annual yield of II pillar fund
i
%
The box is pre-filled with the 10-year average yield of Estonian III pillar funds. You can get information about the yield of your personal III pillar funds from the Pensionikeskuse website (log in or check Statistics).
Annual yield of III pillar fund(s)
i
%

1. period from year
period from year months
workload %

2. period from year
period from year months
workload %

I was born

January  1944

My gross salary

0

Year of joining the II pillar

0

III pillar accumulates

0 €

Your expected retirement age is:

Men:
y
Women:
y months
y months

It arrives:

Men:
year
Women:
year

year

Your expected retirement age is:

65 years 0 months.

It arrives:

2009

If the criteria that you entered were fulfilled in the future,

your pension would be:


0.00 € / month *

Of which

0.00 €

from the I pillar

Of which

0.00 €

from the II pillar

Of which

0.00 €

from the III pillar




Your pension is 0 % of your gross salary.

As a result of your choices, growth and indexation, your pension will increase on average with each year you work:

Your pension in year

2048 is 0 € / month

it is 50% of the average gross wage prognosed for year 2047 – 3200 €.

important-calc-txt

To get acquainted with your personal pension data, enter the eesti.ee calculator. Enter


* The pension is calculated assuming that you work 40 years before retiring, and your salary’s correlation to the medium Estonian salary does not change.
When calculating the pension amount the calculator takes into account the last 40 years of working life and therefore the changing of the year of joining the second pension pillar only affects the amount of the pension if the chosen year of joining falls within the 40-year period of employment.
This is a simplified theoretical model. The results are presented in present-day values. The I pillar pension amount has been calculated using the currently applicable value of a year of pensionable service and base part and does not include the pension index changes. The prognosis is also left aside when calculating the II pillar pension amount, and the II pillar past productivity does not also include the personal productivity of each person. This model has not been designed to calculate the precise pension amount for everybody.
Body
Kalkulaator_webform
Was this calculator helpful?
Pilt
Pensioni kasvatamine