Retirement Simulator for Portugal

All amounts are in today's purchasing power: nominal returns are deflated by the inflation assumption and contributions are held constant in real terms. Segurança Social pension (Decreto-Lei n.º 187/2007, Guia Prático Pensão de Velhice 2026): the remuneração de referência is the average over 14 of a salary path in today's money (today's gross salary grown by the entered real rate until work stops, the same growth backwards for the years so far), the whole career or the best 40 years, or the figure entered; the years of career are entered or estimated from age 22, one civil year per year of work; the taxa global is 2 % per year up to 20 years, then 2.3, 2.25, 2.2, 2.1 and 2 % on the slices of the remuneração de referência up to 1.1, 2, 4 and 8 IAS (537.13 EUR in 2026) and beyond, times at most 40 years; careers started before 2002 blend P1 (the best 10 of the last 15 years over 140 at 2 % a year) and P2 by the years before and from 2002, P1 capped at 12 x IAS or at P2 when P2 is higher (art. 101.º); no pension under 15 years. Remunerations are revalued at prices, and those from 2002 entering the full-career formula also by 20 % of real earnings growth, at most 0.5 point a year to the claim (art. 27.º), the entered real salary growth standing for the economy's. The idade normal de acesso is the published table (66 anos e 9 meses in 2026, 66 anos e 11 meses in 2027) plus the entered drift per year after it (1 month a year by default, the 2014 to 2027 trend of the statutory formula, two thirds of the gain in life expectancy at 65); the idade pessoal is the idade normal less 4 months per year of career beyond 40, at least 60. Early claims: flexibilização from 60 with 40 years, 0.5 % per month before the idade pessoal when the 40 years were complete while aged 60, else the pre-2019 rules (0.5 % per month before the idade normal, 12 months waived per three years beyond 40, plus the fator de sustentabilidade: 17.63 % in 2026, then life expectancy at 65 in 2000 over that of the year before the claim, projected with the same trend as the idade normal), no pensão mínima; carreiras muito longas (48 years, or 46 when the career started before 17) from 60 with no reduction; long-term unemployment from 62 (unemployed from 57) without age reduction or from 57 (unemployed from 52 with 22 years) at 0.5 % per month before 62, both with the fator de sustentabilidade; the reduction by agreement of 0.25 % a month is not modelled. Bonificação per month with a salary after the idade pessoal (or normal) to 70: 0.33 % with 15 to 24 years, 0.5 % to 34, 0.65 % to 39, 1 % from 40, the pension capped at 92 % of the best remuneração de referência. Pensões mínimas 2026 by career (341.08, 357.80, 394.82, 493.52 EUR a month) at the idade normal, the carreiras muito longas and the unemployment routes. The pension is paid 14 times a year and follows prices (indexation 'real'). The Segurança Social Direta simulation at today's prices calibrates the remuneração de referência at the idade normal with the salary held flat. IRS (Código do IRS as amended by the Lei do Orçamento do Estado para 2026): pensions after the dedução específica of 8.54 x IAS per titular, a PPR annuity at 15 % (art. 54.º), the partner's salary after the higher of 8.54 x IAS and the 11 % contributions, an employer fund capital in full after one third exempt up to 11,704.70 EUR; the mínimo de existência of art. 70.º per titular (12,880 EUR reference, the 2.60 and 1.35 formula, no abatement when the household's gross income exceeds 2.2 x 14 x IAS per sujeito passivo); the 2026 escalões (12.5, 15.7, 21.2, 24.1, 31.1, 34.9, 43.1, 44.6 and 48 % at 8,342, 12,587, 17,838, 23,089, 29,397, 43,090, 46,566 and 86,634 EUR, the taxa média method of art. 68.º n.º 2) and the taxa adicional de solidariedade; the despesas gerais familiares deduction at its cap of 250 EUR per sujeito passivo; a couple pays the lower of the joint return (half the income at the scale, doubled) and two separate returns. Pensioners pay no contribution. PPR: a pot drawn first, each withdrawal taxed at 8 % of its gain share (20 % on two fifths) from retirement or 60, five years after the first contribution; with early access before that 8.6 % (a contract over 8 years) and the IRS deductions of the contributions from now on are repaid with 10 % a year in the opening year (EBF art. 21.º); the cost basis is today's value less the entered gain plus the contributions; as an annuity, the balance times the entered conversion rate, fixed in nominal terms, 15 % taxable. Pension fund: as a pension, the balance times the conversion rate, fixed in nominal terms, taxed as a pension; as capital, category A income of the retirement year with one third exempt up to 11,704.70 EUR, the net joining the brokerage account. Brokerage account: 28 % on the taxable share of each gain (100, 90, 80 or 70 % by the entered holding band, art. 43.º n.º 5) or the extra IRS of aggregating it when lower; the cost basis is today's value less the entered gain plus the savings from now on; bases are nominal, so inflation gains are taxed as in law; interest and dividends inside the account are treated as price gains. The headline income is the highest level monthly spending, in today's money, that the year-by-year run can finance to the plan age without a shortfall in any year; the run at your actual target reports the age at which the capital runs out. A partner is simulated on the first person's age scale with their own record, salary, claiming age and PPR; their gross salary counts while they still work, taxed in the household return with the 11 % contribution as a cost. Survivor scenario: from the death the deceased's pension stops and the pensão de sobrevivência pays 60 % of the pension in payment (of the unreduced pension the career had earned, with the pensão mínima, when the death comes before the claim) to the survivor for life (five years when under 35), their unpaid PPR is paid out, the return is a single person's and spending steps down to the entered share. Not modelled: the Caixa Geral de Aposentações and pension unification, the regime dos trabalhadores independentes, the non-habitual resident and IFICI regimes, working on a pension, the Complemento Solidário para Idosos and the pensão social, the 2026 one-off supplement, the 35 % front-loading test of the PPR, the mandatory aggregation of short-term gains in the top escalão, the 50 % counting of micro-company gains, the crypto exemption after a year, health and education deductions, remarriage. Estimates only, not financial or tax advice. Signed-in users are prefilled from their profile, pension accounts and portfolio snapshot; until confirmed on the profile, the gross salary is estimated as the monthly net income times 12 divided by 0.78.