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Pension Savings Calculator

Project your pension savings growth from now until retirement. See how monthly contributions and compound interest build your retirement fund year by year.

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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 Savings Calculator for Denmark

Planning for retirement is essential, and this calculator helps you project how much your pension savings will grow by the time you retire. In Denmark, most employees contribute to a mandatory workplace pension (arbejdsmarkedspension) alongside ATP, and many also make voluntary additional contributions. Enter your current age, retirement age, monthly contribution, expected return and current savings to see a year-by-year growth projection.

The Danish Pension System

Denmark has a multi-pillar pension system. The first pillar is the public pension (folkepension), available to all residents. The second pillar is ATP (Arbejdsmarkedets Tillรฆgspension), a mandatory supplementary pension. The third pillar consists of workplace pensions (arbejdsmarkedspension) where both employer and employee contribute, typically 12-17% of salary. Finally, there are private pension savings that individuals can make voluntarily. This calculator models the growth of your combined savings from pillar two through four.

Why Starting Early Matters for Retirement

Due to compound interest, starting your pension savings early has an enormous impact on your final balance. A 30-year-old contributing 3,000 kr monthly at 5% return will have approximately 2.8 million kr by age 67. A 40-year-old making the same contributions will have approximately 1.5 million kr โ€” nearly half, despite only starting 10 years later. This calculator makes that difference visible in the year-by-year table, motivating you to start or increase your contributions as early as possible.

Frequently Asked Questions

How much savings should you have when you retire?

It is recommended to have 70-80% of your current salary available as a pensioner. The public pension covers a basic portion, but maintaining your lifestyle typically requires significant private savings. A rule of thumb is 10-12 times your annual income as total pension wealth.

When can I retire in Denmark?

The official public pension age in Denmark is 67 years (as of 2025) and is gradually increasing with rising life expectancy. You can access voluntary early retirement (efterlรธn) from age 64 if eligible. With sufficient private pension savings, you can choose to retire earlier, but the public pension only pays from the official retirement age.

How much does my employer contribute to pension?

In Denmark, employers typically contribute 8-12% of salary to workplace pension, while the employee contributes 4-5%. The total contribution is typically 12-17% of gross salary depending on the collective agreement. Additionally, all employees pay into ATP. Check your payslip or pension agreement for your exact contribution.

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