Finnish pension calculator 2026
Enter your year of birth, current salary and the age you started working to see your pension before and after tax.
Checked by Radif Partners · Editorial policy · Calculation method
Someone born in 1975 who has earned €3,500 a month since age 24 can expect about €2,182 a month of earnings-related pension (työeläke) in today’s money, and about €1,837 after tax when living in Helsinki, roughly 62% of the final salary. The calculator accrues 1.5 % of annual earnings for each working year, multiplies the total by the life expectancy coefficient (elinaikakerroin) of 0.94643 and adds a 0.4 % deferral increase for every month you keep working past your earliest retirement age. It then checks whether Kela’s national pension (kansaneläke) or guarantee pension (takuueläke) applies and taxes the total as pension income, with the pension income deduction of up to €11,080 and a 1.49 % health care contribution. Your pension record (työeläkeote) and pension providers show gross earnings-related pension only, without Kela or tax, so this tool answers the practical question: what will actually reach your account. Enter the accrued amount from your record for the best estimate.
Estimated net pension per month
€1,837
Gross €2,182 · work pension 62% of current pay
| Earnings-related pension accrued so far (est.) | €1,477 |
|---|---|
| Accrual until retirement, 15.2 years × 1.5% | €829 |
| Life expectancy coefficient 0.94643 (latest confirmed) | − €124 |
| Earnings-related pension per month | €2,182 |
| Total pension, gross | €2,182 |
| Taxes (Helsinki, pension income deduction) | − €346 |
| Net pension per month | €1,837 |
In today’s money: wage and pension indexes raise the amounts every year. Your exact accrual is on your pension record (tyoelake.fi).
Pension at different salaries
The table follows one person at four salary levels: born in 1975, working since 24, retiring at the earliest age, living alone in Helsinki, no church tax. Amounts are in today’s money.
| Salary/month | Work pension | Kela pensions | Gross total | Net |
|---|---|---|---|---|
| €2,000 | €1,247 | €197 | €1,444 | €1,341 |
| €2,500 | €1,559 | €41 | €1,600 | €1,439 |
| €3,500 | €2,182 | €0 | €2,182 | €1,837 |
| €5,000 | €3,118 | €0 | €3,118 | €2,444 |
On a low salary, Kela’s national pension tops up the earnings-related one. It is cut by half of whatever your work pensions exceed €66.54 a month and stops once they pass €1,624.63. The national and guarantee pension calculator shows how the two Kela pensions interact.
How the earnings-related pension is built
Työeläke.fi sums it up simply: multiply annual earnings by 1.5% and the life expectancy coefficient, then divide by twelve. A year on €40,000 therefore adds €50 a month of pension before the coefficient. Pension accrues from age 17 to 69, at the same rate for every age group since 2026; see Työeläke.fi on pension amounts.
The calculator treats a year’s earnings as twelve and a half monthly salaries, counting the holiday bonus as half a month, and keeps your salary constant in today’s money. In reality the wage coefficient revalues your accrued pension during your career and the pension index raises it after retirement, so read the results as today’s purchasing power.
Retirement age and coefficient by year of birth
| Born | Earliest age | Work pension | Net |
|---|---|---|---|
| 1964 | 65 y | €2,122 | €1,793 |
| 1975 | 66 y 2 m (forecast) | €2,182 | €1,837 |
| 1985 | 67 y 1 m (forecast) | €2,230 | €1,871 |
| 1995 | 67 y 9 m (forecast) | €2,264 | €1,896 |
Retirement ages are confirmed for people born up to 1964; for later cohorts the age is linked to life expectancy, and the tool uses the Työeläke.fi forecast. The coefficient is also confirmed only up to 1964, 0.94643 for that cohort, and the tool applies it to younger cohorts until new values are set. Younger people end up with more pension despite a later retirement age because their careers are longer.
Deferring pays in euros
| Retire | Work pension | Of which deferral increase | Net |
|---|---|---|---|
| earliest age | €2,182 | €0 | €1,837 |
| +12 months | €2,339 | €105 | €1,944 |
| +24 months | €2,495 | €210 | €2,044 |
| +36 months | €2,652 | €314 | €2,145 |
The deferral increase is calculated on the pension accrued at your earliest age; wages earned in the extra years add new pension on top. More on retirement age and the life expectancy coefficient.
What the calculator leaves out
It does not model unpaid periods, during which pension accrues on benefits, or foreign pensions. Kela’s pension assumes you have lived in Finland all your adult life; if you moved here later, the national pension is reduced in proportion to your years of residence. Tax follows Vero’s 2026 pension withholding decision, broken down on the pension tax page, and accrual rules are explained in how pension accrues.