Retirement Calculator

Set your details and see what they grow into — including state subsidy, after tax and costs.

Your details

Monthly contribution 100 € · 1,200 € per year

Riester transfer 0 €

From 2027 an existing Riester balance can be transferred into an Altersvorsorgedepot – it then works for you from day one, does not count as a contribution of your own and is not bound by the annual cap. Whether your current provider transfers directly there also depends on your contract terms.

Year of birth 1991 · 32 years to go

Gross annual income 48,000 €

Sets your tax rate — and with it whether the subsidy or the tax deduction wins.

Children

2

Your children 2 children · 8, 4 years

The child subsidy depends on each child's age and on your contribution: up to €300 per year per child while child benefit runs.

Child 1 · Age today 8 years

Child benefit until 25 Without the extension the subsidy stops at 18.

Child 2 · Age today 4 years

Child benefit until 25 Without the extension the subsidy stops at 18.

Pension & payout from 67 · level

Retirement age 67

By law between 65 and 70. Payouts run to at least 85.

Payout model

Taxation of the payout

Return 8.54 %

Expected annual return (gross) 8.54 %

Gross. After 0.20 % ETF costs, which sit inside the fund price, roughly 8.34 % remains. No quirion fee is included.

Subsidy & tax subsidy on

Include state subsidy Base subsidy up to €540, plus up to €300 per child. Switch off to compare.

Reinvest the tax refund Puts the refund from the tax deduction back into the depot instead of spending it.

Withdraw 30 % at retirement Permitted partial withdrawal at the start. Reduces the monthly pension accordingly.

Your result

≈ 949 €

Your monthly pension from 67

22,890 € from the state

Depot at 67: 280,806 €
Your contributions: 37,200 €
Added by the state: 22,890 €

How your depot grows

Where the money comes from, year by year.

Your contributions
Subsidy & tax refund
Market gains

What reaches you from 67

Per year, until 85. The upper part is tax.

Net for you
Tax

18 years of payout (67–85)

of which tax: 75,818 €

If markets run differently

The same inputs, three return assumptions.

Three assumptions, not a forecast. Even the lowest is not a floor: markets can fall further than shown here. You can incur losses and may get back less than you paid in. Because you invest globally, exchange rates affect your result too.

Show figures as a table

Year	Your contributions	Subsidy & tax refund	Market gains	Depot value
2026	0 €	0 €	0 €	0 €
2031	6,000 €	4,950 €	2,290 €	13,240 €
2036	12,000 €	9,900 €	11,086 €	32,986 €
2041	18,000 €	14,850 €	29,585 €	62,435 €
2046	24,000 €	18,600 €	62,399 €	104,999 €
2051	30,000 €	20,550 €	115,745 €	166,295 €
2056	36,000 €	22,500 €	199,214 €	257,714 €
2057	37,200 €	22,890 €	220,716 €	280,806 €

Notice

Advertising by quirion AG. This calculation is a non-binding example. It is not investment advice, not a recommendation and not a promise. We do not assess here whether an Altersvorsorgedepot is suitable for you. How we calculate: we assume a return of 8.54 % a year before costs. That is the average annual performance of the MSCI World Index (in euro, including dividends) from 30 June 1996 to 30 June 2026. A different start date produces a materially different figure. From this we deduct 0.20 % a year in fund costs (TER); we do not include a portfolio-management fee here, because the price for the Altersvorsorgedepot has not been set yet – your actual costs may therefore be higher. That leaves around 8.34 % a year after costs in the calculation. Transaction and custody costs and taxes during the savings phase are not included, and the amounts are not adjusted for inflation. What this is not: such projections are not a reliable indicator of future performance. Past performance of an index is likewise not a reliable indicator of future performance; an index cannot be bought directly, and an ETF only tracks it approximately. Actual performance can be considerably worse than any scenario shown here. You bear the full market risk: you can incur losses and may get back less than you paid in. Because you invest globally, exchange rates also affect your result. Tax: how your payout is taxed depends on your personal circumstances and may change in future; we calculate on the law as it stands today, and the tax figure is no substitute for tax advice. About the product: the state-subsidised Altersvorsorgedepot may be offered from 1 January 2027. Subsidies and maximum amounts in this calculation are based on the Altersvorsorgereformgesetz of 26 May 2026 (BGBl. 2026 I Nr. 156). This calculator is provided by quirion AG, Kurfürstendamm 119, 10711 Berlin, Germany – a company of Quirin Privatbank AG. quirion AG is an investment firm (Wertpapierinstitut) supervised by the German Federal Financial Supervisory Authority (BaFin), BaFin ID 10148587, authorised to provide portfolio management pursuant to section 2(2) no. 9 WpIG. quirion AG provides the portfolio management; your cash account and securities account are held with Quirin Privatbank AG. All further mandatory disclosures are set out in the legal notice.