This Portugal pension and retirement calculator projects two income streams: your Seguranca Social state pension (built from your contribution record) and a voluntary PPR retirement pot (your own invested savings). Enter your career details to see your projected state pension, your PPR pot, and the combined annual income in retirement.
How it works
The model has two parts.
State pension (Seguranca Social): employees contribute 11% of pay (employers add 23.75%). The annual pension is estimated as average career salary × 2% accrual × years contributed, capped at a sensible replacement ratio. This approximates Portugal’s formula, which uses indexed lifetime earnings and a sustainability factor.
PPR pot: each year you add your PPR savings rate of salary; the balance compounds at your expected investment return while salary grows. At retirement the pot is annuitised over your drawdown years to give an annual figure.
The two are summed into a combined annual retirement income.
Example
A 35-year-old earning €30,000 who reaches 40 years of contributions by age 66 might project a state pension near 30,000 × 2% × 40 ≈ €24,000 (capped to a realistic replacement level), plus a PPR pot built from 5% annual savings at 5% growth — together giving a meaningfully higher combined income than the state pension alone.
Notes
This is a simplified projection. The real Seguranca Social formula uses indexed lifetime earnings, a graduated accrual rate, and a sustainability factor that reduces pensions as life expectancy rises. PPR tax relief depends on your age and the IRS cap. Treat the output as a planning estimate, not a benefits statement — confirm with Seguranca Social and your PPR provider.