How much money should you already have on the high edge so that you can maintain your standard of living later? An investigation comes to these results.
How can you maintain your own standard of living until you retire? And how much money * would you have to save a month for this ? The investment platform “Weltsparen” investigated these questions. According to their own statements, the experts used the average salaries of different age groups to analyze their likely pension gap and determined how much savings 30 to 60-year-olds should already have on the high edge today.
As a reference to the calculation, it says, among other things: "The net salary of all age groups was calculated for better comparability on the basis of the following assumptions: unmarried, no children, tax class 1, living in an old federal state, compulsorily insured, pays church tax." And further: " A person aged 30 to 60 today is likely to have a higher standard of living at 67 and will therefore need more money. The gap to be closed will thus become even larger. ”To simplify the calculation, it is assumed that the“ current standard of living in old age should be maintained ”. Here are some of the results cited in the research:
You should have saved that much money by the age of 30
The 30-year-olds are mentioned first in the calculation. The study is based on an average income of 30-year-olds, which, according to a study by Salary.de, is 45,213 euros per year, according to the statement. This corresponds to a monthly net salary of 2,319 euros and results in a statutory pension entitlement for an unmarried person without children of around 1,400 euros per month . “This means that an average of over 900 euros per month is missing to be able to maintain today's standard of living of a 30-year-old in old age. If you are drawing a pension for 15 years, you are missing an extrapolated 165,000 euros taking inflation into account.
Many financial experts would recommend saving at least ten percent of income, the statement said. That means "for today's 30-year-olds until they retire" around 125,000 euros - including salary jumps. The conclusion of the experts: " That means that a 30-year-old should already have around 40,000 euros in the account to close the remaining gap." This did not take into account the increases in income up to retirement, which would widen this gap .
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You should have saved that much money by the age of 40
For today's 40-year-olds , the calculation looks like this under certain assumptions: "40-year-olds in Germany currently earn an average of 55,627 euros , that is around 2,723 euros net per month, " the message says. According to current forecasts, the resulting statutory pension will later be around 1,650 euros per month . In order to maintain the current standard of living of a 40-year-old, an average of 1,070 euros per month would be missing when retiring, according to the example calculation. "If you draw a pension for 15 years, taking inflation into account, that equates to a total of 190,000 euros in old age."
The experts have calculated: if you are 40 years old and save ten percent of your net income from now on and until you retire, you can save “around 95,000 euros”. Apart from that, according to the example calculation, this still means: “ There is still a gap of 95,000 euros. This means that a 40-year-old should already have EUR 95,000 in their account for their old-age provision. Here, too, the increases in income up to retirement are not yet taken into account.
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This is how much money you should have saved by the age of 50 and 60
At the age of 50, the experts in their study assume an average gross income of 58,121 euros per year and thus a monthly net of 2,826 euros on the account. The statutory pension would be around 1,700 euros a month . “For today's 50-year-old in retirement, this results in a loss of 1,130 euros per month on the currently available budget. With 15 years of pension drawing, taking inflation into account, a total of 193,000 euros are missing at old age. ”However, the message also says:“ If ten percent of the respective net salary is saved for financial security from now on and until retirement, 61,000 can still be saved Euro be saved "the experts' conclusion:". . 50-year-old should, therefore, at this time, so have at least 132,000 euros for the age of the account " here was observed that" salary increases to increase the pension gap. "
According to the study, how much money should you have saved by the age of 60? "The monthly income of 60-year-olds averages 2,845 net with an annual salary of 58,658 euros, " is the basic assumption according to the announcement. If earnings remain unchanged, this will result in a pension entitlement of around 1,700 euros. The experts calculate that the gap between previous income and previous standard of living amounts to 1,145 euros per month. “With a 15-year pension period, this results in a pension gap of 190,000 euros . If ten percent of net income are saved from now and until retirement with 67, around 27,000 euros can be set aside. ”Conclusion:“ If you don't want to skimp in old age, you should have already saved 163,000 euros as a 60-year-old . “ ( Ahu) * merkur.de is part of the Ippen central network.
About the method:
According to the announcement, the calculations are based on a retirement age of 67 years and an average life expectancy of 81 years for men and women. On average, the pension period and the time with the pension gap are 14 to 15 years. "The specified pension gap was calculated with the help of the fairr cockpit, assuming a career start at 25, a retirement age of 67 and a pension up to 81 years," the statement said. “The fairr-Cockpit is an online pension calculator for calculating the pension forecast. The data was collected on July 23, 2020. "The pension forecast takes into account taxes and inflation, it assumes that the salary will increase proportionally.
Source: Weltsparen.de
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