Compare an estimated monthly pension with reference monthly earnings to calculate an income replacement ratio. This does not forecast your pension entitlement.
Replacement ratio = estimated monthly pension / reference monthly earnings × 100.
An estimated monthly pension of 1,200 compared with monthly earnings of 2,000 gives a 60% replacement ratio.
Use gross amounts on both sides or net amounts on both sides. Inflation, contribution history, pension indexation and retirement age are not modelled. A ratio alone does not show whether expected spending is affordable.
Editorial responsibility: Nicolas Belotti · Methods and testing · Report an error
English edition: 16 September 2026.