๐ง Pension Calculator
Expected Monthly Pension
2,266,033์
Income Replacement: 64.7%
National
840,000์
Private
1,426,033์
๐๏ธ National Pension
๐ฐ Private Pension
๐ Income Replacement Analysis
Recommended: 70%+ replacement
โ ๏ธ Need additional 183,967 monthly.
๐ก Pension Savings Comparison
| Monthly | Tax Credit/yr | Accumulated | Monthly Payout |
|---|---|---|---|
| 100,000์ | 198,000์ | 1.14์ต์ | 475,344์ |
| 200,000์ | 396,000์ | 2.28์ต์ | 950,688์ |
| 300,000์ โ | 594,000์ | 3.42์ต์ | 1,426,033์ |
| 400,000์ | 660,000์ | 4.56์ต์ | 1,901,377์ |
| 500,000์ | 660,000์ | 5.70์ต์ | 2,376,721์ |
Pension Calculation Result
Monthly 2,266,033์
โจ National 840,000 + Private 1,426,033Income replacement 64.7%
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Note
This is an estimate. Actual pension amounts vary based on contribution history. Contact the NPS (1355) for accurate information.
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Three-Pillar Pension System
Korea's pension system has three pillars: National Pension (public), Retirement Pension (employer), and Private Pension (individual). A balanced combination ensures stable retirement.
National Pension
- Coverage: Residents aged 18-59
- Rate: 9% of income (4.5% each by employee and employer)
- Eligibility: 10+ years contribution, from age 63
Private Pension
| Type | Pension Savings | IRP |
|---|---|---|
| Contribution Limit | 18M/year | 18M/year (combined) |
| Tax Credit Limit | 4M/year | +3M/year |
| Credit Rate | 13.2-16.5% | |
| Investments | Funds, ETFs | Funds, ETFs, Deposits |
Recommended Replacement Rate
OECD recommends 70%+ income replacement. Korea's National Pension alone provides only 25-40%, so private pension supplements are essential.
๐ก Pension Savings Tips
- โ Fill pension savings 4M first, then add 3M to IRP
- โ Higher equity ETF allocation for long-term
- โ Check tax credit limits at year-end
๐ Local Method & Assumption Guide
Formula Logic
Core formulas use public finance, loan, ratio, and unit conversion standards.
Source Scope
References follow publicly available standards and country-level common practices.
Assumptions
Taxes, fees, rates, and limits vary by region and institution.
Result Interpretation
Use this result as a baseline scenario. For decisions, compare with your lender quote and local tax treatment.
Locale Preset
Currency: USD
Units: imperial
Tax logic: US payroll estimate
Regulatory Note
This tool uses regional presets for estimation. Contract terms and legal limits may differ by lender, bank, or local law.
Recommended Next Actions
- Compare at least 2-3 local providers before final submission.
- Re-check fees, tax treatment, and prepayment clauses in writing.
- Run a stress scenario with +1-2% interest and lower income.
Before a real financial decision, confirm with local institution rules.