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In Germany, people who have been insured for a particularly long time can retire at 63 without deductions. This group of people includes those who have 45 years of creditable time in the SPS. Those born in 1952 or earlier could actually retire at 63 without deductions. For those born later, the entry limit increases gradually: Contributors born in 1958 can only draw a pension without deductions at 64, and those born in 1964 and later can only draw a pension without deductions at 65, even after 45 years of contributions.
Especially if you do not want to work until the standard retirement age, you should also plan for a private pension. Rürup contracts or ETFs are suitable for this. You can even save tax on the contributions to your private pension.
If you want to understand what you can expect from the german state pension than you can calculate it accurately with our mobile app.
You can also simulate any potential investments in the app that you could make to supplement the state pension.