A study on private pension needs makes people sit up and take notice.
It reveals how many employees should also set aside - and in which cities the burden is highest.
Those who want to live reasonably well in old age should not rely on the statutory pension.
This is the result of a recent study that reveals how much a 40-year-old should set aside each month for old age.
It is not the same in all regions.
In Hamburg, the burden for savers is particularly great - but not only there are the costs serious.
Pension: Study on private pension needs inspires
Is there enough money in the end for the pension *?
People with statutory health insurance should also make
private provision
in order
to secure
their
standard of living in old age
.
This is not the first time employees have heard this advice.
This is the conclusion of a currently much-cited study by the Prognos Institute on behalf of the German Insurance Association (GDV), which provides some interesting results.
The
study
shows that those affected should start saving as early as possible - so that they do not experience any nasty surprises in old age.
“Although the statutory pension continues to be the main source of income in retirement, it is
not
sufficient
in any region of Germany
to achieve the targeted income replacement rate
;
consequently, private provision must be made ”, so one of the results according to the communication.
The good news for savers, however, is that the compound interest effect can cover a considerable part of the pension requirement - despite the current phase of low interest rates.
Also read
:
Until you retire: You should already have this much money in your account by now
Private old-age provision: High burden for savers in Hamburg, Munich and Stuttgart
However, the study also found that the cost of private pension provision
varies greatly
due to
regional differences in income, pensions and cost of living
.
The burden for hamburgers is highest nationwide, where a 40-year-old has to set aside around 5.8 percent of his income according to the calculation in order to secure himself adequately for old age.
Munich is in second place with 5.7 percent (together with Stuttgart) - according to the model calculation, a 40-year-old has to save an additional 360 euros a month in order to reach an income level of 55 percent in old age.
For comparison: The additional savings amount is 190 euros per month in the national average.
Find out here:
Alarming figures: So little money is left for retirees per month
Background: According to the communication, the quoted rate is calculated from the ratio between the
pension
requirement, which
results after
taking into account
regional incomes
and
pensions
as well as the interest, and the income adjusted for regional differences in the cost of living.
The starting point for the calculations was the
average earner
born in 1980, who is generally available to the labor market between the ages of 20 and 67, i.e. 47 years.
"When they reach their statutory retirement age of 67 years, the person retires in 2047 and spends around 22.8 years in retirement - measured in terms of further life expectancy upon reaching the statutory retirement age." Those interested can find out more about the study here .
(ahu) * Merkur.de is part of the Germany-wide Ippen digital editorial network
.
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