Investboard …
Calculator · Retirement
What's missing for your retirement?
The calculator estimates the statutory pension via earnings points, determines the gap to your desired income and translates it into a capital target.
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In simplified terms: your gross annual income divided by the national average wage gives pension points (Entgeltpunkte). These are then multiplied by the current pension value (Rentenwert).
Most employees face a gap of EUR 500-1,500 per month between their statutory pension and their desired standard of living.
The earlier the better. Thanks to compounding, an early start requires noticeably smaller monthly amounts.
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Calculate now →The pension gap (Rentenlücke) is the difference between the income you would like in retirement and what the German statutory pension is likely to deliver. It is the central quantity of private retirement planning: only when you know your gap can you save against it deliberately.
The statutory pension counts in earnings points (Entgeltpunkte): earning exactly the average income of all insured persons collects one point per year; earning more collects proportionally more, capped by the contribution assessment ceiling. At retirement, the sum of points is multiplied by the pension value.
Earnings points per year = gross income ÷ average income Gross pension = total points × pension value (EUR 40.79 per point per month, as of July 2025)
For orientation: the so-called standard pension of a model case with 45 earnings points comes to roughly EUR 1,836 gross per month. Health and long-term-care insurance and, where applicable, taxes are deducted from the gross pension; the calculator applies a flat deduction of around 11% for this.
The often-quoted pension level of 48% is a statistical reference (standard pension relative to average income), not a personal replacement ratio. Your own entitlement depends solely on your earnings points; the binding source is the pension information of the Deutsche Rentenversicherung.
The calculator estimates your future pension from income and contribution years, subtracts it from your desired income and translates the monthly gap into a capital target:
Inputs
18–65 years
55–70 years
0–50 years
Desired net income in retirement (monthly)
Existing private provision (current value)
Expected return p.a.
Your pension gap
Monthly pension gap
−EUR 1.050,55missing each month between the pension and your desired standard of living
Composition
State pension estimated · simplified estimate
Estimated state pension based on remuneration points
Note
This calculation is a simplified estimate. Your actual pension depends on many factors (pension adjustments, contribution ceilings, child-rearing periods). For a binding statement, contact the Deutsche Rentenversicherung.
You need EUR 441.949,17 for your retirement provision. With Investboard you track your progress automatically, with a forecast, milestone markers and daily updates.
Your calculation result is carried over automatically as a goal target.
Gross annual gap = annual gap ÷ (1 − 18.5% flat withdrawal tax) Capital required = gross annual gap ÷ 3.5% withdrawal rate
It then shows how far your existing private provision plus your monthly savings carry at the chosen return, and what savings rate would close the gap by retirement.
The model is deliberately simplified: it assumes constant income (constant earnings points per year), uses flat deductions and a flat withdrawal tax, and does not model the individual taxation of pensions. For binding information, contact the Deutsche Rentenversicherung.
The order matters more than the product: first the emergency fund, then invest long-term and broadly diversified, for example through an ETF savings plan. The earlier you start, the more compounding works for you; our pension-gap guide walks through the mechanics in detail.