Romania pension calculator
Estimate your monthly pension based on gross salary, contribution period, and retirement age. According to Law 360/2023. Minimum guaranteed pension 2026: 1,434 RON, average gross salary: 8,620 RON.
Personal data
Calculation details
Pension comparison at different ages
How the pension varies by retirement age, with the same salary and contribution period.
| Retirement age | Years contributed | Total points | Penalty | Monthly pension |
|---|
Pension savings calculator
How much should you set aside monthly to cover the gap between pension and desired income? Includes compound interest and inflation impact.
Recommended monthly savings: — RON/month
Amount needed so that pension + savings cover the desired income, considering inflation and life expectancy.
Savings evolution over time
Savings evolution table (by year)
| Year | Age | Total deposited | Interest earned | Nominal balance | Real balance (today) |
|---|
Pension budget planner — balanced financial plan
Plan how to distribute income and expenses before and after retirement. The earlier you start saving, the more you can spend in retirement. Consider the rising cost of living.
Monthly budget — now vs at retirement
| Category | Now (%) | Now (RON) | At retirement (%) | At retirement (RON) | Trend |
|---|---|---|---|---|---|
| TOTAL | — | — | — | — |
Financial phases — from accumulation to withdrawal
Impact of inflation by expense category
Essential categories (food, healthcare, utilities) rise faster than average. The budget must be adjusted annually.
Current budget
Retirement budget
Balanced strategy — adapted 50/30/20 rule
Financial risks and the role of family in retirement
A surgery or treatment costs 5,000–30,000 EUR in Romania. Without private insurance, the pension fund can be quickly depleted. Solution: health insurance (~100–200 EUR/year until retirement, ~300–600 EUR/year after age 65) + a separate medical emergency fund of at least 5,000 EUR.
Roof, boiler, plumbing — 3,000–15,000 EUR. At age 70+, the house is 30+ years old and needs major repairs. Solution: set aside 100–200 EUR/year in a home maintenance fund. By retirement, you should have at least 5,000–10,000 EUR in reserve.
In Romania, 40% of retirees receive financial support from their children. But do not plan your budget relying on this — children have their own expenses (mortgages, kids). If children help — good, but your fund must work independently. Invest in your relationship with them, not in financial dependence.
The first 5–10 years of retirement are the most active — invest in travel, hobbies, personal development. After age 75+, recreation expenses naturally decrease, but healthcare costs rise. Plan: a larger recreation budget at ages 65–75, which gradually decreases and shifts toward healthcare.
Emergency fund in retirement: at least 6–12 months of expenses
Calculation: — RON (based on your monthly expenses). This fund is not touched except in real emergencies (medical, repairs). It is kept in a bank deposit with immediate liquidity.
How the pension system works in Romania
Legea 360/2023 — the new pension law establishes a points-based calculation formula. Monthly pension = total number of points × reference point value. In 2026, the reference point value is 81 RON (frozen until 2027).
How are points calculated? For each year of contributions, you receive a number of points equal to the ratio between your gross salary and the average gross salary in the economy. Example: if you earn 8,620 RON (the 2025 economy average), you get 1.00 points/year. If you earn 17,240 RON (double), you get 2.00 points/year.
Contribution period:
- Minimum 15 years — entitlement to partial pension (proportional)
- 35 years — full contribution period
- Over 35 years — additional points without penalty
Standard retirement age:
- Men: 65 years
- Women: 63 years (gradually equalizing to 65 years by 2035)
Early retirement: Can be requested up to 5 years before the standard age, with a penalty of 0.75% per month (9% per year). The penalty is permanent.
Minimum guaranteed pension: In 2026, the minimum guaranteed pension is 1.434 RON. If the calculated pension is lower, this guarantee applies.
Common scenarios
Key values 2026
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