What are the best simulator websites to calculate your pension? 2022 list

A concern that afflicts everyone at some point in our lives, As the years go by in our work environment, it is the pension, which is the payment that we will have left after we have retired.

This information is very important in the future, since after years of working and contributing, it is essential to know at least an estimate of the pension that we will have left at the time of definitive retirement, and although the exact amount will not be known until that time, it is possible to find web simulators that will allow you to calculate your retirement pension approximately

For this purpose, we present the best simulator pages to calculate your pension and the method to do it manually. It should be noted that these sites work based on the data provided by the userso its results have no weight in the field of social security.

How to calculate your pension manually?

Not everything should be based on internet searches, so calculating your pension is one of the things you should learn to do manually.

To do this, you must follow this procedure:

Contribution basis

To find out how much money goes into your account when you retire, The first thing you should know are the contribution bases, which can be described as the gross monthly compensation, including the extra payments you receive as a worker. These bases will vary many times in your careerthe maximum and minimum requirements change, and on these bases the calculation of your retirement by social security will be established.

Reference period

Knowing our contribution bases, the next variable to determine is the reference period that will be taken into account to calculate the variable known as the regulatory base, based on the contribution bases. Currently, the reference period used is 25 years, counting backwards from the date on which the retirement application was made, or the date on which the worker finished his or her career with the company. Both situations are known as “causative event”.

Sum of the bases

Now, once the reference period and the contribution bases are known, the next step is to make a sum of all the bases throughout the 25-year period that has been taken. Since 25 years add up to a total of 300 monthsyou must add the contribution bases for each of these months, bearing in mind the date of the “Causing Event”.

Calculate the regulatory base

When making the sum of the 300 contribution bases, the result will be a fairly high figure, depending on the value of each of the monthly salaries you have received. This result is divided by 350, which will give us our regulatory base and will be the maximum amount that you can receive for your retirement, if you meet the requirements.

Determine the applicable percentage

Once you have calculated the regulatory base, the last step is to determine what percentage of this amount corresponds to you by law. If you meet the requirements established in the social security law of your regionyou will receive 100% of the regulatory base.

Otherwise, you will be creditor of a different percentage. These percentages are established by law, based only on 15 years of contributions, for which you could only charge 50% of the regulatory base. However, there are many circumstances that can cause these percentages to vary, all of which depend on each particular case.

Best simulator websites to calculate your pension

Although it is possible to obtain an approximate result of your pension manually, the use of web pages and simulators will allow you to do it much faster and more accuratelyjust by entering a few data.

The most recommended pages for this are described below:

OCU.org

The website of the OCU (Organization of Consumers and Users) It gives you access to a calculator that you can use to make an approximate calculation of the pension that you will enjoy at the end of your working life. In this case, You will not need to enter too much data, you just have to enter the age, the gross annual salary and the years of contributions. With this information, all you have to do is press “Calculate” to get the results.

MAPFRE.es

It is one of the most popular and well-known insurance agencies, and Its website also has a calculator through which you can simulate your retirement pension very easily. The MAPFRE online simulator will request a certain number of data, which you must enter in order to carry out the calculation. These data are your date of birth, your annual income expressed in euros, the number of years of work quoted, and specify if you are self-employed.

Retirementoffuture.es

This website is entirely dedicated to information and assistance for social security. Among its content, you can find news, videos and infographics from various sources and a simulator that will allow you to calculate your pension. The pension simulator itself is quite simple. All you have to do is enter the specified data (date of birth, gross annual salary and years of contributions)and click the button “Calculate”.

benches

You can find pension calculation simulators on the websites of a variety of banking entities, through which their users can make an approximate calculation of the retirement pension they will receive upon retirement. In most cases, You will need to be a customer of the bank and you must identify yourself as such by logging in to its platform. Subsequently, you only have to enter the requested data to obtain the approximate calculation of your future pension.

Tips for planning your pension and preparing for your retirement

Retirement will be the last stage of your working life and it is when you will receive the payment with which you will have to subsist from now onso it is not wise to let the time arrive without having made preparations. While there are only a handful of things you can do to prepare for retirementthey all have their own value when it comes to improving the prospect of your retirement years.

So now we will give you some tips that you can follow to be prepared when the time comes to receive your pension:

• Keep your retirement bases updated: For both employees and self-employed workers, keeping the contribution base updated and increased when possible will allow you to have a higher retirement income. This process must be done at or before 49 years of age, since it is not possible to do it after 50 years of age.
• Complement retirement with savings products: the financial entities to which you are subscribed offer a large number of products that allow you to supplement your pension income, providing more peace of mind in the economic aspect. These products include pension plans, life annuity, deposits to fixed term and, with a little more risk, investment funds.
• Have secondary sources of income: If you are one of the people who does not like leisure, you can have secondary sources of income that will allow you greater ease in your economy.
• Evaluate all the options you have: The alternatives provided by your financial institution, your job and the law may be more or less beneficial depending on your situation, so you must carefully determine which options will give you the best results to receive a more substantial pension.
• Choose your financial institution carefully: Each financial institution offers different plans and products covered by different types of guarantees. It is convenient that you adequately inform yourself of each of these to select the financial institution with the guarantees that best suit your needs.