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submitted 2 days ago* (last edited 2 days ago) by schneewiese@feddit.org to c/asklemmy@lemmy.ml

I say 'in Germany' because there's where I reside, a welfare state.

We don't have 401K here, but public retirement systems, mandatory.

My employer also matches what I put in a small state pension system up to 50 euros. Not really much, better than nothing.

What number do I have to reach for a decent retirement? Retirement age: 67 years old.

Is it enough to save or do I have to invest?

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[-] 0xtero@beehaw.org 3 points 2 days ago* (last edited 2 days ago)

https://en.wikipedia.org/wiki/Pensions_in_Germany

I think you want to have all three pillars going, normally you save in some kind of stock market pension fund.

I don't live in Germany, but lot of countries in EU have similar system. Over here in Sweden, you can easily see an overview and your projected pension at retirement age by logging into one of government offered e-services, maybe Germany has something similar.

What number you need to reach - is completely up to you of course.

[-] autriyo@feddit.org 4 points 2 days ago

Germany's government usually only does e-services kicking and screaming.

[-] george@feddit.org 1 points 2 days ago

They send a letter once per year with a summary and an estimation of how much your pension will be if you keep contributing the same amount. Not sure how that takes inflation into account, €2k in 2025 will not have the same value in 2055, but yeah …

this post was submitted on 18 Jan 2026
27 points (90.9% liked)

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