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The standard retirement age for all those born after 1964 (with a few exceptions) is 67. However, you can also retire later, which increases your pension entitlement: For every month you work longer, contributions are paid into the SPS.
Each additional year you work without drawing a pension increases your pension by about 107 euros per month on average earnings. However, please do not forget to discuss your continued employment with your employer in good time.
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.
Download our app and start gaining insight into your current and future finances.
