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Sweden: there is no fixed retirement age any more

The riktålder, the target retirement age, is 67 for 2026 and rises with life expectancy. Sweden has replaced the idea of a fixed pension age with an index: the riktålder is set six years in advance, recalculated as people live longer, and the ages at which the public pension may be drawn move with it.

That gives a band rather than a date. The income and premium pension can be drawn three years before the riktålder, so from 64 in 2026, while the guarantee pension starts at the riktålder itself. The age on this page sits inside that band; pick the end of it you actually intend to use. For anyone under about 50 it is today's rule rather than the age they will meet, and the projection is worth running twice, a year or two apart, to see how much of the result depends on it.

The Swedish public pension provides a substantial part of retirement income and is not modelled here. Neither is the occupational pension, the tjänstepension, that comes with almost every collective agreement and forms a second substantial layer before private saving begins. Subtract both from the income you want before setting the target.

Swedish assumptions: a 7% nominal return and 2% inflation, a real return of 4.90% a year. That is the highest real return assumed for any European country on this site, the return assumption matches the anglophone markets while the inflation assumption stays euro-area low, and the gap between the two is what the today's-money line actually shows.

For how the calculation works, the formula behind it and what it leaves out, see the full guide.

Data sources

  • Swedish consumer finance conventions

    Effective 2026-01-01 onward · retrieved 2026-08-30

    Sweden replaced a fixed pension age with a target age that moves with life expectancy.

    How we checked these figures

    Pensionsmyndigheten publishes the target retirement age, which is 66 for 2026.

    Current

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