How much will you receive in pension: this is how you can calculate it in the Social Security simulator without a certificate or Cl@ve

It is not only knowing if a retirement pension will be received and all the requirements to receive it will be met, one of the great concerns of future pensioners is to know what will be the amount of these benefits that will have to guarantee us, in a few years, our coverage economic.

With the aim of helping citizens to be prepared and aware of their purchasing power when they retire, Social Security offers them a calculator that allows them to simulate the amount of the retirement pension.

This is one of the services included in the ‘Your Social Security’ system, in which the citizen can enter using a digital certificate (), or username + password. In addition, with the aim of facilitating access to other citizens who do not have telematic means, it is also allowed that, through a representative who does have a digital certificate or Cl@ve, they have access to this tool.

The procedure is as follows: the interested or authorized person must enter the ‘Work’ section and then the ‘Simulate your retirement’ option. From that moment on, you must enter all the fields requested by the system.

that in order to carry out this simulation, which in practice is a projection carried out according to current data, “the real information of the applicant, as of the date of the simulation, which appears in the Social Security databases, is taken into account “.

This tool, however, goes further and does not stop at a mere projection: it also allows different scenarios to be contemplated that would alter the final result. New contribution bases, hypothetical situations of unemployment or the choice of early retirement modalities would enter here.

This is how the retirement pension is calculated in 2021

To determine the amount of the pension, the system will be based on the , which takes into account two main variables: the time worked (and contributed) and the regulatory base.

Thus, to get the minimum retirement pension you have to work for at least 15 years. This will give rise to 50% of the regulatory base (or, failing that, the minimum pension stipulated by law if that amount is not reached), from which it can be increased, per month worked, by 0.21% during the following 106 months and 0.19% during the following 146.

Thus, you are entitled to 100% of the regulatory base, that is, 100% of the pension, after 36 years of work. From that moment on, the worker can increase the regulatory base, since Social Security takes into account the contribution bases of the last 24 years (which are divided by 336) to calculate the amount of the pension.