When can I retire in Portugal and how much pension will I get?

The normal retirement age is 66 years and 9 months in 2026 and 66 years and 11 months in 2027. For 2028 onwards it has not been published yet. If you have more than 40 years of contributions at age 60, you can retire earlier; this calculator does not work that out. You need at least 15 years of contributions to get an old-age pension.

The pension is your average salary × 2% to 2.3% for each year of contributions (up to 40 years), under the 2026 rules, and never below the minimum pension for your career length. Retiring earlier cuts it by 0.5% for each month early and, as a rule, also applies the sustainability factor (−17.63% in 2026); retiring later increases it.

This is only an estimate. If you paid contributions before 2002, a mixed formula applies, and the real amount depends on the salaries recorded year by year. The simulator on Segurança Social Direta uses your actual career.