Retirement planning, with the German parts modelled

Plan how long your money could last in retirement.

Explore saving and withdrawals with inflation, German tax assumptions and a pension that starts later. Free, with no account required.

Work out my situation See a worked example

Example plan in the Full Simulator: €10,000 to start with and €500 a month for 30 years, then €1,200 a month in today's money for 30 years. The chart shows the portfolio growing, peaking at retirement and running down, next to what was paid in. — Example: save €500 a month for 30 years, then take €1,200 a month for 30 years. Open the worked example to inspect or change its assumptions.

What it models that a calculator does not

German tax, in the right order Teilfreistellung before the Sparerpauschbetrag, your oldest shares sold first, and the Vorabpauschale each January. A sale is taxed in the month it happens. An estimate, not a broker's assessment.
A pension that starts later Bridge the years before it arrives from the portfolio alone. Once it starts, the portfolio pays only what the pension leaves of your target income.
Risk you can place yourself Place a crash at the start or at retirement and see the plan without it beside it, or run a thousand Monte Carlo paths with the spread and the risk of running out stated.
Real history, and your own holdings Replay an actual month-by-month index series in euro, or project per-asset positions with their own cost basis, savings plans and one-off buys and sells.

Worked through, with the assumptions visible

Three retirement questions this answers

Browse every calculator

Pension bridge

What changes when the pension starts later?

A fixed monthly income for thirty years, funded by the portfolio alone for the first 7 years and then split with the pension. Opens in the simulator with these numbers already in it.

Starting portfolio: €900,000
Income, in today's money: €3,000 / month
Pension, from year 8: €1,500 / month
Return and inflation: 7 % · 2.5 %

Open this pension bridge

4 percent rule

How does the four-percent rule change after German tax?

See the rule, its assumptions and the estimated spendable amount.

Starting portfolio: €500,000
Of which paid in: €200,000
Withdrawal, 4 % of the start: €1,667 / month
Return and inflation: 7 % · 2.5 %

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Sequence risk

Could early market losses derail my retirement?

Move the same crash across one retirement to isolate timing risk.

Starting portfolio: €500,000
Income, in today's money: €2,000 / month
Crash: -35 %
Return and inflation: 7 % · 2.5 %

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Not sure you should believe any of it?

Every formula on this site is written out, with one example worked end to end.

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Coming back to it later?

Save your plan as a link or file and continue later. No account needed.

The link is a snapshot of your inputs that anyone holding it can reopen; the file is downloaded to your own device. Nothing you enter is stored here either way.