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.
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:
Balance at retirement = Start × (1 + r)n + Monthly × ((1 + r)n − 1) ÷ r
This balance is then spread evenly across the expected number of years as a retiree, to estimate a monthly payout:
Monthly pension = Balance at retirement ÷ (Number of years as retiree × 12)
Note: This covers only private pension savings (occupational pension/IPS) — it does not include the National Insurance retirement pension (from NAV), which is calculated entirely separately based on pension points earned over your working life. The calculation also assumes no further return during the payout period. Use norskpensjon.no (Norwegian) for a complete picture of your future pension. This calculator applies to the Norwegian pension system only.
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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.
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