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Retirement Savings Account Calculator

How much will the German state add to your savings from 2027? Calculate subsidies, tax benefit and account value at retirement – and compare with an ETF savings plan without subsidies.

Free & no sign-upNo data sharingLaw promulgated, start 1 Jan 2027

Passed: the retirement savings account starts on 1 January 2027

The pension reform act has been promulgated (Bundestag 27 Mar 2026, Bundesrat 8 May 2026, BGBl. 2026 I No. 156 of 29 May 2026). Providers may offer the new products from 1 January 2027; concrete products and costs are not yet known. Subsidies and limits in the calculator follow the law; tax and payout details are simplified. As of 24 September 2026.

Contribution & family

€

Subsidised up to 150 €/month (1,800 €/year), payable up to 570 €/month (6,840 €/year). At least 10 €/month.

years

How long child benefit is expected to continue for the youngest child (usually until 18, in education until 25).

Age & investment

years
years

Payout from age 65 at the earliest.

%
%

Standard depot: effective costs capped at 1.0 %.

Taxes

%

For the comparison check (special-expense deduction).

%

Average personal tax rate on the payouts.

Account value at age 67

€201,766

Own contributions: €57,600State subsidies: €21,780Growth: €122,386

Your subsidies per year

Basic subsidy

€540

Child subsidy

€300

Career starter bonus (one-off)

€0

Additional tax benefit

€162

Refunded via the tax return, not paid into the account

Subsidies in year one

€840

Subsidy rate on your contribution

47 %

Payout from 67

Payout plan until 85, gross

€1,427 / per month

18 years of payouts

after tax (estimated)

€1,142 / per month

At most 30 % as a lump sum

€60,530

Account growth until retirement

After-tax comparison: subsidised vs. unsubsidised

Same own contribution, same return, same costs. The ETF savings plan pays capital gains tax on profits (30 % partial exemption); the retirement savings account's payout is taxed at your personal rate.

Retirement savings account

€166,596

Capital after tax + tax benefits · €201,766 before tax

ETF plan without subsidies

€128,051

Capital after capital gains tax · €144,003 before tax

Advantage of the retirement savings account: €38,545

Detailed trajectory

AgeYearOwn contributionsSubsidiesAccount valueETF plan
362027€1,800€840€2,683€1,843
372028€3,600€1,680€5,505€3,781
402031€9,000€4,200€14,882€10,222
452036€18,000€8,400€34,057€23,392
502041€27,000€12,600€58,764€40,362
552046€36,000€15,300€88,934€62,228
602051€45,000€18,000€127,807€90,402
652056€54,000€20,700€177,895€126,703
672058€57,600€21,780€201,766€144,003

Assumptions of this calculation

Model calculation under the German pension reform act (as of 24 Sep 2026). Saving starts in 2027, monthly contributions, constant return minus costs, subsidies credited once a year. Child subsidy 300 € per child (children born 2008 or later). Comparison check simplified: tax saving on own contribution (max. 1,800 €) plus basic subsidy, compared with the basic subsidy. Payout plan until 85 at the same return; taxation simplified with an average tax rate, for contributions above 1,800 € only the earnings share. ETF comparison with capital gains tax and solidarity surcharge on profits when sold at retirement, without advance lump sum and saver's allowance. Market returns fluctuate and can be negative. All information without guarantee, no investment or tax advice.

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Frequently Asked Questions

Yes. The Bundestag passed the pension reform act on 27 March 2026 and the Bundesrat approved it on 8 May 2026. The act was promulgated in the Federal Law Gazette on 29 May 2026 (BGBl. 2026 I No. 156). The new products may be offered from 1 January 2027. Which providers will offer which terms is not yet known (as of 24 September 2026).

For every euro paid in up to 360 € a year the state adds 50 cents, and for every further euro up to 1,800 € a year 25 cents. The basic subsidy is therefore at most 540 € a year. The condition is an own contribution of at least 120 € a year (10 € a month). Contributions above 1,800 € up to the ceiling of 6,840 € are allowed but no longer subsidised.

For every child eligible for child benefit there is a subsidy of 1 € per euro paid in, at most 300 € per child and year (for children born after 31 December 2007; 185 € applies to older children). An own contribution of just 25 € a month is enough for the full child subsidy – for each child. With two children, 300 € of own contributions therefore attract 150 € basic subsidy plus 600 € child subsidy. One parent receives the subsidy, usually the one who receives child benefit.

Anyone who signs a retirement savings contract before their 25th birthday receives a one-off additional subsidy of 200 €. The calculator credits the bonus in the first savings year if your current age is below 25.

Yes, via the special-expense deduction. Own contributions up to 1,800 € plus the basic subsidy (at most 2,340 € together) can be claimed in the tax return. In a comparison check the tax office tests whether the tax saving exceeds the subsidy and refunds only the difference. With a marginal tax rate of around 30 % and the full contribution, that is roughly a few hundred euros a year. The calculator shows this amount separately because it goes to your bank account, not into the depot.

At the earliest on reaching age 65 (or when drawing a statutory old-age pension early). You can choose a payout plan running at least until age 85 or a lifelong annuity. Up to 30 % of the capital can be withdrawn as a lump sum at the start of the payout phase. Payouts are taxed later at your personal income tax rate.

A cost cap applies to the standard depot: effective costs may be at most 1.0 % a year. Other variants of the retirement savings account are not subject to this cap. Costs compound over decades – 0.5 percentage points lower costs can make a five-figure difference over 30 years. Try it out in the calculator with the cost slider.

Directly eligible are, among others, employees subject to statutory pension insurance and civil servants – and now also self-employed people with business or freelance income. Spouses or civil partners of eligible persons can be indirectly subsidised (basic subsidy at most 175 €). Existing Riester contracts are grandfathered; no new Riester contracts can be signed from 2027.

With small and medium contributions and especially with children, usually yes, because the subsidies make up a large share of the contribution. In return, the money is locked until at least 65 and the payout is fully taxed. A regular ETF savings plan remains available at any time but receives no subsidy. The calculator compares both routes after tax with the same own contribution, return and costs.