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In 2020, there were around 21.2 million old-age pensioners in Germany, but only a very small proportion receive a monthly pension of 2000 euros or more – in 2015, there were just 97,271 pensioners, or 0.5 percent.
This is hardly surprising, because in order to receive a pension of 2,000 euros in old age, 60 earning points must be saved over the course of a working life. To do so, however, one’s income must be more than 30 per cent above the average income – and that for the entire working life, i.e. from the start. As things stand today, that would be about 4,400 euros gross per month. In addition: During this period, the salary would have to rise exactly like the average salary, including inflation.
The majority of Germans will therefore never have a pension of 2,000 euros or more. This makes additional private pension provision all the more important.
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.