An earnings-related pension provides you with a secure income after your working life. You can retire with an old-age pension when you reach your statutory retirement age. Your pension cannot start before the beginning of the following month. The year of your birth determines when you can retire. The retirement pension will be paid for the rest of your life.
Your old-age pension is based on the pension you earned during your working life. The older you are when you retire, the higher your pension will be. If you do not receive an earnings-related pension or if your earnings-related pension is low, you can get a national old-age pension.
Read more about pension amounts
How to claim for my old-age pension
Read more about how the national and guarantee pensions supplement a low earnings-related pension
Select your year and month of birth. The calculator will tell you when you can retire.
Retirement age rises gradually
The retirement age of persons born in 1958 is 64 years. For those born in 1959, on the other hand, the retirement age is three months higher, that is 64 years and 3 months. The retirement age is determined under this principle up to those born in 1961, whose retirement age is 64 years and 9 months.
The retirement age for those born between 1962 and 1964 is 65 years. If you were born in 1965 or later, your retirement age is linked to the expected life expectancy.
The table below shows the retirement ages and the age when the insurance obligation ends for those born between 1955 and 1964.
| Year of birth | Retirement age | Age when insurance obligation ends |
| 1956 | 63 years and 6 months | 68 |
| 1957 | 63 years and 9 months | 68 |
| 1958 | 64 years | 69 |
| 1959 | 64 years and 3 months | 69 |
| 1960 | 64 years and 6 months | 69 |
| 1961 | 64 years and 9 months | 69 |
| 1962–1964 | 65 years | 70 |
| 1965 and later | Linked to life expectancy. The age limit will rise by no more than two months per birth year as of the year 2030. | 70 |
If you were born in 1955 or later, your birth year will not only have its own retirement age but also a computational target retirement age. It is slightly higher than your retirement age. For example, if you were born in 1960, your target retirement age is 65 years and 9 month.
By working until you reach your target retirement age, you can offset the effect of the life expectancy coefficient. In practice, it means that the increase for late retirement nullifies the reducing effect of the life expectancy coefficient.
Pension for work about five years after reaching the retirement age
You can earn a pension up to the age when your insurance obligation ends. This upper old-age pension age is
- 68 years if you were born in 1957 or earlier,
- 69 years if you were born between 1958 and 1961,
- 70 years if you were born in 1962 or later.
Your employer’s obligation to take out pension insurance for your work ends at the end of the month in which you reach the age when your insurance obligation ends. The age at which the obligation to take out pension insurance ends is also the retirement age under the Employment Contracts Act. Your employment will then end automatically unless you make a separate agreement with your employer to continue working.
You can continue working after you have reached the age when your insurance obligation ends, but your employer no longer insures your work under the Employees Pensions Act. That means no insurance contributions are paid and you do not accrue more pension for that work.
Drawing your old age pension
You have to claim your old-age pension. If you are an employee, you have to resign from your work before you start drawing your old-age pension. If you are retired, you can start in a new employment relationship. There is no limit to how much you can earn for work you do in retirement.
If you are self-employed, you can claim your old-age pension and continue your self-employment. You don’t have to end your self-employment, but your obligation to take out insurance ends. If you wish, you can insure your continued work with voluntary pension insurance.
Go to instructions on how to claim the old-age pension
If you work in the public sector and retire on an old-age pension you may have a so-called occupational or individual retirement age.
The individual retirement age is usually between 63 and 65 years. It did not change as a result of the 2017 pension reform. The qualifying ages for occupational retirement rise gradually: by 3 months for those who reached their occupational retirement age in 2018, by 6 months for those who reached their occupational retirement age in 2019, and by 1 year and 9 months for those who will reach their occupational retirement age in 2024.
You have your own personal retirement age if
- you worked in the public sector before 1993,
- your service with a public employer continues without interruption until you reach your personal retirement age, and
- you were born before 1960.
Your personal retirement age may be higher than the minimum retirement age, but you can still retire at the minimum retirement age. If you retire at the lowest retirement age for your age group, your pension accrued before 1995 will be reduced. In this case, the accrual rate of the basic pension for the period before 1995 will be reduced from 2% to 1.8%. It therefore pays to continue working until you reach your personal retirement age.
For more information, contact Keva.
Your disability pension will be automatically converted to an old-age pension of the same amount
- when you reach the retirement age of your age group if your disability began in 2017 or later,
- at age 63 if your disability began between 2006 and 2016,
- at age 65 if your disability began in 2005 or earlier.
Your partial disability pension is also converted into an old-age pension when you reach your retirement age, but at the same time its amount doubles, that is, becomes a full disability pension.
You have earned new pension as of 2005 for work done while drawing a disability pension. You have to claim this pension as it is not paid out automatically. You can submit your claim only once your disability pension turns into an old-age pension, providing you have stopped working. If you continue working, you can claim the pension once you stop working.
If you are drawing a partial old-age pension, you can retire on a full old-age pension when you reach the retirement age of your age group. You also have to resign from your main job. If you take out your old-age pension late, that is, after reaching your retirement age, the part of your pension that you have not drawn will be increased.
If you are unemployed, you can retire on the old-age pension when you reach the retirement age of your age group. You can choose to retire on the old-age pension immediately or to continue drawing the unemployment allowance (and the additional days of the unemployment allowance) until you turn 65 years.
The retirement age under the national pension scheme is 65 years. If you qualify for a national pension, you can select to take it out early, before you turn 65. If you were born before 1962, you can choose to take the pension early, as of age 64. If you were born in 1962 or later, you cannot take out your national old-age pension early (before age 65).
If you take out your national old-age pension early, it will be permanently reduced by 0.4% for each month from when you start drawing the pension to the month after you turn 65. If you wait to take out your national old-age pension at age 65, it will not be reduced.
In the future, when the retirement age of the old-age pension of the earnings-related pension system is linked to life expectancy as of those born in 1965, the retirement age of the national old-age pension will correspond to that of the earnings-related old-age pension.
The calculator Check your retirement age calculates life expectancy at retirement (old-age pension or target retirement age) using the projected mortality rates from the time of analysis.
The life expectancy calculated for an age group is different depending on the age at which it is calculated. The figure given by the calculator differs from the life expectancy of a newborn baby, which is not a forecast but a statistic published by Statistics Finland.
The calculator does not give life expectancy for men and women separately, but for everyone together. We use Statistics Finland’s population projections as a baseline.