Pension Scenario Simulator

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Simulation model — not financial advice. Adjust the assumptions to see how they affect your retirement outcome.

Birth month and year

Age: years

Retirement age

Retiring:

LV statutory: 65 (2025) · trend +~1 yr/decade · Your generation: ~67

Gross monthly salary

€ / month

Payout period

payout years

Latvian statistics (CSP, 2023):

Reach retirement: — +5 yrs: — +10 yrs: — End of payout: —

Gender

Annual salary growth 5.00%

Latvia nominal salary growth 2016–2026: ~8% per year (CSB stat.gov.lv) · forward default lower as catch-up fades

Inflation 2.50%

Latvia avg 2016–2026: ~4% (CSP/Eurostat) · ECB long-term target 2% · used for purchasing-power calculations

Markets grow fast — favourable decades. Only 1 in 10 simulations sees markets performing this well or better.

The most likely outcome — plan around this. Half of simulated futures end better, half worse.

Markets stagnate or a crisis has hit. 9 out of 10 scenarios end better. Test: can you survive financially?

Your retirement income

Moderate scenario

—

per month, in today's money

—

nominal — future euros, before inflation

Total capital

—

Investment earnings

—

Voluntary gains

—

State

—

Funded

—

Voluntary

—

Running scenario analysis… · payout spread over

Where to check your State pension capital

Accumulated capital (€)

Service record (yrs)

Months

Annual capital indexation 4.50%

Recent 2020–2025: ~8.9% · long-run ~4–5% (workforce shrinking)

Annual contribution to Pillar 1 (14% × gross): —

Contribution: gross × P2L rate · Payout: after 25.5% income tax above €1,000/month

Current balance (€)

Latvija.lv link to your 2nd-pillar balance

Total (€)

Already earned (€)

Pension plan

manapensija.lv public data link

P2L contribution rate current: 6% | historical avg: 4.3%

6.0%

Current rate: 6% (since 2021) · Historical range: 2–8% · Set by law

Add plan switches over your lifetime Model a more aggressive plan early on and a more conservative one near retirement.

Switch 1 — age

Plan after switch 1

Switch 2 — age

Plan after switch 2

VSAOI ceiling

Applied automatically

If annual gross income exceeds 105 300 €, 2nd-pillar contributions are calculated only up to this threshold.

Current annual contribution to Pillar 2: 1,260 €

Capital at retirement

—

Monthly pension

—

In today's money

—

Fund

5-yr return / annual fee

Accumulated balance (€)

Monthly contribution (€)

Annual contribution growth 5.0%

To keep the same share of salary: ~9% per year · Conservative: 2–5%

Annual tax refund (up to €1,020): —

~6.2% per year nominal (Riga, 2010–2024 · Arco Real Estate / Latio)

Annual appreciation —

Current property value (€)

Size (m²)

Pension Scenario Simulator

Assumptions

State pension

Investment pension

Voluntary savings

Property value forecast

How your savings grow