Save properly at 30 – and retire rich. As of: February 27, 2024, 9:47 a.m By: Markus Hofstetter CommentsPressSplit The pension gap is a reality for many Germans.

However, with the right strategy and early planning, this can be closed. In Germany, seven million of the current 22 million full-time employees have to get by on less than 1,100 euros per month after four decades of work. It is therefore advisable to start making private pension plans early. The earlier you start, the more you benefit from the effect of compound interest.