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Retirement Calculator: Ireland

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.

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Ireland: the State Pension age that did not rise

The State Pension age is 66; a planned rise to 67 was reversed. Ireland is the exception in this list, nearly every other country here has an age that is climbing, either on a legislated timetable or with life expectancy. Ireland's increase to 67 was legislated and then cancelled before it took effect, and the age has stayed at 66.

That has a practical consequence for the projection. Where a British, Dutch or Swedish reader should treat the age on this page as provisional, an Irish one can reasonably take 66 as the working assumption, while noting that the reversal is itself the evidence that this age is a political decision rather than an actuarial one.

The State Pension (Contributory) provides part of retirement income and is not modelled here. It is a flat rate built on PRSI contributions rather than a percentage of what you earned, so it covers a much larger share of a modest income than a high one. The higher your salary, the more of the gap the portfolio on this page has to close, and the further above zero the income target belongs.

Irish 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

Irish consumer finance conventionsCitizens InformationWithin 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.