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Retirement Calculator: Spain

Project your retirement savings year by year, in today’s money after inflation, with the income a 4% withdrawal supports and your financial-independence age.

Reviewed by CentExactRates effective 1 sourceCalculated in your browser. Shared links include inputs.

Spain: two retirement ages, depending on your contribution record

The ordinary retirement age reaches 67 in 2027; it is 66 and 8 months in 2026 for shorter contribution records. Spain is the country here where the pension age depends not only on when you were born but on how long you have contributed: a long enough record still lets you retire at 65 on a full pension, while a shorter one pushes you to the higher age, which is itself still climbing on a timetable that ends in 2027.

That is why the retirement age is the input worth changing on this page rather than accepting. It opens on the ordinary age; if your record is long, your own date is earlier, and two years at the end of a projection move the balance more than almost any other single input, because those are the years when growth is largest and contributions matter least.

The Seguridad Social pension provides most Spanish retirement income and is not modelled here. It is earnings-related and averaged over a long reference period, so it needs a contribution history this calculator does not ask for. Subtract the pension you expect from the income you want and enter only the remainder as the target.

Spanish assumptions: a 6.5% nominal return and 2% inflation, a real return of 4.41% a year.

For how the calculation works, the formula behind it and what it leaves out, see the full guide. For help interpreting a result or comparing it with a quote or statement, read the questions and answers.

Data sources

Spanish consumer finance conventionsSeguridad SocialWithin its effective period

Every document each dataset was read from, its notes and how the figures were checked are listed in the guide's data sources.

This calculator in other countries

Each country has its own rates, thresholds and rules, and its own page that runs the calculator on them and cites the official sources they came from.

CentExactCalculator publisher

CentExact publishes the calculation method, worked examples and available data sources. Automated checks cover reference calculations; they do not certify a result for your circumstances or imply approval by a lender or tax authority.

How we build and test our calculators

This calculator is for general information only and is not financial advice. Results are estimates based on the figures you enter and the stated formula; lenders and providers may round or calculate differently. Check any decision with the institution involved or a qualified adviser.