Our grandparents and parents often retired with a check equal to at least 80% of their salary. For us, today, this is no longer the case: to reach that level we need the “spare pension” that can be created through supplementary pension provision. How much of our salary should we save every month and invest in a pension fund in order to reach that 80% that previous generations could obtain from the INPS pension alone?
The answer is “it depends”.
The ingredients for the winning recipe are: our professional path (employed or self-employed), age and chosen risk profile.
In the tables we first estimated the contribution that the basic pension will be able to make for 30, 40 and 50-year-olds, employed and self-employed: these are workers completely in the contributory calculation system, who started working from 1996 onwards. The pension age varies between 64 years and 8 months for a 50 year old and 65 years and 9 months for a 30 year old, thanks to the requirement of contributory early pension (now equal to 64 years of age with 20 of contributions), reachable when the amount of the allowance is equal to at least 3 times the social allowance (approximately 1,325 euros net).
WATCH THE infographic ON WHEN AND HOW TO RETIRE WITH THE MOST
