How is the SSS pension calculated?

The SSS monthly pension is the highest of three formulas: PHP 300 + 20% of average monthly salary credit (AMSC) + 2% of AMSC per credited year over 10; 40% of AMSC; or PHP 1,200 for 10–20 years of contributions (PHP 2,400 for 20+). The calculator applies these and takes the largest result.

What is the SSS contribution rate?

The total SSS contribution rate is 14% of the monthly salary credit, split with the employer paying 9.5% and the employee 4.5%. The salary credit is capped (around PHP 30,000), so very high earners contribute on the ceiling, not their full pay.

At what age can I claim my SSS pension?

You can claim a reduced optional pension at 60 if you have stopped working, or the full pension at 65, the mandatory retirement age. You need at least 120 monthly contributions (10 years) to qualify for a lifetime monthly pension; with fewer, you receive a one-time lump sum instead.

Why add voluntary savings on top of SSS?

The SSS pension replaces only a portion of pre-retirement income — often well under half for middle and higher earners because of the salary-credit ceiling. Personal savings, Pag-IBIG MP2, or a PERA account fill that gap, which is why the calculator projects a separate voluntary pot.

Does this calculator store my data?

No. Everything is computed locally in your browser and nothing is uploaded, so you can plan privately.

Philippines Pension & Retirement Calculator

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This Philippines pension and retirement calculator projects your retirement income from two sources: the SSS lifetime monthly pension computed with the official formula, and a voluntary savings pot you build on top. It shows how far the mandatory system goes and what your own saving adds.

How it works

SSS pension. The monthly pension is the highest of three formulas based on your average monthly salary credit (AMSC) and credited years of service (CYS):

PHP 300 + 20% × AMSC + 2% × AMSC × (CYS − 10)
40% × AMSC
PHP 1,200 (10–20 years) or PHP 2,400 (20+ years)

The salary credit is capped (around PHP 30,000), so high salaries are limited at the ceiling.

Voluntary pot. Your extra monthly savings compound at your assumed return until retirement:

FV = PMT × ((1 + r)ⁿ − 1) ⁄ r

where r is the monthly return and n the months until retirement.

Example

A worker earning PHP 30,000 with 30 credited years has an AMSC of PHP 30,000 and CYS of 30. Formula 1 gives 300 + 6,000 + 2% × 30,000 × 20 = PHP 18,300/month — the highest of the three, so that is the SSS pension. Adding PHP 5,000/month of voluntary savings at 6% over 30 years builds a pot of roughly PHP 5,000,000 on top.

Notes

The SSS salary-credit table and contribution rate are adjusted periodically, so use current figures for a precise estimate. The pension assumes 120+ contributions; with fewer you receive a lump sum instead. Voluntary-pot figures depend heavily on your return assumption — test a conservative rate. This is a planning estimate, not official SSS computation.