We all actually know that the statutory pension will not be enough later on and is no longer a big secret. Yet very few people care CONCRETE about closing the future financial shortage. I personally find that extremely paradoxical.

Why is that – apart from the well-known reason – that all the products that somehow exist to provide for old age are too complex and you don’t dare to use them?

In my opinion, this is mainly because very few people have a specific TARGET Have in mind what needs to be achieved before retirement starts. Because only if you have a specific VALUE that you will need later, you can work towards it in a targeted manner and then, in the second step, use the appropriate products with which you can best achieve this RETURN TARGET can reach.

In other words, in the very first step we take a look at what you will be “missing” later in order to be able to keep your current standard of living in retirement.

To do this, I looked at a lot of tools that you can use to calculate your pension gap yourself. The tool below was in my opinion the best findable for the “self-user”. Please consider the result as an approximation and not as an exact final size. Nobody can calculate this exactly anyway, due to fluctuating inflation, fluctuating returns, etc.

Have fun calculating your pension gap and the first with it CONCRETE Step against possible old-age poverty and towards your desired one RETURN TARGET .


Here are my personal recommendations for the default settings of the pension gap calculator:

  • Life expectancy: to find out about this, you can use the following page here: https://www.wie-alt-werde-ich.de/
  • Expected pension: Here you enter all the values that you already have today that will guarantee you a pension later (statutory pension, pension insurance, life insurance, etc.)
  • Current assets: enter the current savings account balance, share deposit or similar
  • Current savings rate: how much do you save a month for your pension? (e.g. in a unit-linked pension insurance)
  • Inflation rate: enter the current inflation rate here. With 2.5% you drive, I think very realistically
  • Return: what is the average return on your previous investments, savings contracts, etc.? This can also be 4-6%, depending on the system.