Norway Pension Calculator
Work out how much your pension savings (occupational pension, IPS, or other private savings) could grow to by retirement age, and what it could give you in monthly payouts.
How to use the pension calculator
- Enter what you've saved so far in occupational pension, IPS or other pension savings today.
- Enter how much is contributed monthly (from you and/or your employer), expected return, and how many years you have left until retirement age.
- Enter how many years you expect to live as a retiree — the calculator spreads your savings balance evenly over this period.
How the pension is calculated
The calculator first works out your savings balance at retirement age with compound interest, the same way as the compound interest calculator:
Worked example: 150,000 kr already saved plus 1,500 kr a month for 25 years at 5 % grows to 1,415,458 kr. Spread across 20 years as a retiree that is 1,415,458 ÷ (20 × 12) = 5,898 kr a month on top of the National Insurance pension. Your own contributions total 150,000 + 1,500 × 300 = 600,000 kr — the remaining 800,000 kr and more is return. That is why starting early matters more than the size of each deposit.
This balance is then spread evenly across the expected number of years as a retiree, to estimate a monthly payout:
Frequently asked questions
Is this my whole pension?
No. Most people in Norway get a pension from three sources: National Insurance (NAV), occupational pension from their employer, and any private savings. This calculator only shows an estimate for occupational pension/private savings.
Why is the return uncertain?
Pension savings are often invested in funds or shares, where returns fluctuate from year to year. The figure you enter is a long-term average estimate, not a guarantee.