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Pension Estimate Calculator

Estimate your future Danish pension savings based on contributions, current savings, and expected return. See the estimate after PAL tax.

๐Ÿ‡ฉ๐Ÿ‡ฐ All calculations are based on Danish rules, rates, and currency (DKK). This calculator is translated for convenience but applies exclusively to Denmark.

Pension Estimate Calculator โ€“ Calculate Your Pension

Use our pension calculator to estimate your future Danish pension savings. Planning for retirement is essential in Denmark, where the pension system consists of three pillars: the state pension (folkepension), occupational pension schemes (arbejdsmarkedspension), and private savings. Most Danish employees contribute to an occupational pension through their employer, typically 12-17% of salary. This calculator gives you an approximate answer to whether you are saving too much or too little for your retirement age.

How far does 1 million go in retirement?

Many Danes ask how far 1 million kr. goes in retirement. With a life expectancy of 20-25 years after retirement, 1 million corresponds to approximately 3,500-4,500 kr. per month before tax, depending on investment returns. It is therefore important to supplement with folkepension and possibly ATP. Log in to PensionsInfo to see how much your pensions amount to at different retirement ages for a complete overview. Calculate how much you need to save per month to reach your goal.

How much pension should I have at age 50?

Financial advisors generally recommend that by age 50 you have saved approximately 5-8 times your annual income. Try our free pension calculator to see if you are on track. With a monthly contribution of 4,500 kr. and an average return of 5%, your savings can grow significantly from 50 to retirement age.

Is 4 million enough for pension?

Whether 4 million kr. is enough depends on your lifestyle, housing situation, and folkepension. With folkepension as a supplement, 4 million can typically cover a comfortable retirement. In Denmark, pension returns are subject to PAL tax (pensionsafkastskat) at 15.3%, and pension payouts are taxed as income. The after PAL tax estimate applies an approximate 39.9% combined reduction to give a rough idea of net value.

How much can I get in fรธrtidspension (early retirement pension)?

Fรธrtidspension is a special benefit for people with reduced working capacity. The rate for fรธrtidspension in 2026 is approximately 19,866 kr. per month for single persons and approximately 16,886 kr. for married/cohabiting. The folkepension base amount is approximately 6,800 kr. per month, supplemented with a pension supplement depending on total income.

How the Calculation Works

The calculator uses the future value formula for compound interest, combining the growth of your existing savings with the accumulated value of ongoing monthly contributions. The expected return rate reflects annual investment returns before inflation. A common assumption is 5-7% nominal return, though actual results vary depending on your pension fund's investment strategy and market conditions.

Frequently Asked Questions

How much should I contribute to my pension?

Most Danish employees contribute 12-17% of their salary through occupational pension schemes. Financial advisors generally recommend saving at least 15% of your income for retirement. The optimal amount depends on your age, current savings, and retirement goals.

What is PAL tax on pension returns?

PAL tax (pensionsafkastskat) is a 15.3% tax on the annual returns of your pension savings. It is deducted automatically by your pension fund. This tax reduces the effective growth rate of your savings compared to non-pension investments.

What are the three pillars of the Danish pension system?

The Danish pension system consists of: (1) Folkepension, the universal state pension; (2) Occupational pensions through employer-arranged schemes (arbejdsmarkedspension); and (3) Private pension savings such as ratepension and aldersopsparing. Together, they form a comprehensive retirement safety net.

When can I withdraw my pension savings?

You can generally begin withdrawing pension savings when you reach your pension age (currently 67 years). Early withdrawal is possible in certain circumstances but may incur a 60% tax penalty. Aldersopsparing can be withdrawn tax-free at pension age.

How far does 1 million go in retirement?

With a life expectancy of 20-25 years after retirement, 1 million kr. corresponds to approximately 3,500-4,500 kr. per month before tax, depending on investment returns. It is therefore important to supplement with folkepension (base amount approx. 6,800 kr./month) and possibly ATP. Your actual standard of living depends on your total pension schemes and expenses.

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