# How much do I need to save?

Before you decide which product you want to invest in, you should of course know how much you need to save in the first place. Use our Pension Calculator below to find out.

## Identify your savings amount in just four simple steps

Step 1: How much will you miss each month? 1/4

What is your monthly net wage?

A

How much would you like to earn when you retire?

B

Average pension income
(89% of your monthly net wage as stated in A)

C

Your monthly financial shortfall
(B-C)

=

Step 2: How long do the funds need to last? 2/4

What is your planned retirement age?

A

Average life expectancy in Luxembourg

B

Your estimated retirement period in months (B-A) x 12 months

=

Step 3: How long do you have to save? 3/4

How old are you?

A

Your planned retirement age

B

Your savings period in years (B-A)

=

Step 4: How much do you need overall? 4/4

Your retirement period in months

A

Your monthly pension shortfall

B

Your total savings amount
(AxB)

=

Your result

Your monthly pension shortfall is .

If you want to reach the amount you wished for when you retire, you need to save a total of € in years.