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Spanish Retirement Pension Calculator 2026

Estimate your monthly retirement pension based on years contributed and your regulatory base. Indicative calculator based on the Spanish pension system.

The contributory retirement pension in Spain is the pillar of the public social provision system for old age. Its calculation depends on two key factors: the number of years contributed (which determines the percentage of the regulatory base) and the regulatory base itself, which is the average of contribution bases over the last 25 years. More years contributed and a higher historical salary mean a higher pension.

This calculator lets you estimate the approximate gross monthly pension based on your years of contributions and your average regulatory base. It also shows how many more years you need to reach 100% of the benefit and compares it with the maximum and minimum pensions in force in 2026. The result is indicative but useful for planning retirement savings.

Your data

Years contributed

Monthly regulatory base (€)(average last 25 years)

Applied percentage

98.00%

Monthly gross pension

1960,00 €

14 payments/year

Annual gross pension

27.440,00 €

To reach 100%

1.5 years

Progress towards full pension

0%98.0% achieved100%

Maximum pension (2026)3359,60 €/mes

Minimum pension (≥ 65 years)936,20 €/mes

Note: This is an indicative estimate. The actual pension depends on the contribution bases year by year (average of the last 300 months), the retirement age, possible reduction coefficients for early retirement and the regulations in force at the time of retirement.

Indicative estimate. The actual pension is calculated by Social Security using your exact historical contribution bases. Consult your Social Security contributions report.

How the retirement pension is calculated

The calculation has two components. The first is the regulatory base, obtained by adding up the contribution bases of recent years and dividing by the corresponding number of months; the computation period has been progressively extended by successive reforms to 25 years, with the option of discarding the worst months. The second component is the applicable percentage, which depends exclusively on years contributed according to a progressive scale: 50% at 15 years and 100% on reaching 36 years and 6 months. The resulting pension is the product of both and is subject to a minimum amount and a maximum cap set annually.

Worked example

Take a regulatory base of €2,000 a month and 30 contributed years. According to the scale, 30 years entitles you to around 83.6% of the regulatory base, so the pension would be 2,000 × 0.836 = €1,672 a month across 14 payments. If that same person contributed 5 more years to reach 35, the percentage would rise to approximately 95% and the pension would become €1,900 — that is, €228 more per month. That is the calculation worth doing before deciding whether extending your working life pays off.

Percentage of the regulatory base by years contributed

Years contributed	% of regulatory base
15 years	50 %
20 years	60,5 %
25 years	72,2 %
30 years	83,6 %
35 years	95,0 %
36 years 6 months	100 %

How to interpret the result

The figure obtained is an indicative estimate based on current legislation, which may change before you retire. Keep three important limits in mind. First, there is a maximum pension set each year, around €3,200 a month, which acts as a cap even if your regulatory base is higher. Second, the pension is taxed as earned income, so the net amount you receive will be lower than the gross figure calculated. And third, the calculation assumes you maintain your current contribution bases until retirement: if your income changes significantly, the regulatory base will change too. For an official calculation, Social Security offers a simulator using your real contribution record.

Frequently asked questions

The ordinary age in 2026 is 65 years if you have 38 years and 3 months or more contributed, or 66 years and 10 months if you contributed less. This age will increase to 67 years in 2027. Voluntary early retirement (2 years before) and involuntary early retirement (4 years before) are available with reduction coefficients.

It is the average of the contribution bases over the last 25 years (300 monthly payments), updated by the CPI except for the 24 months prior to retirement. The higher your historical contribution base, the higher your pension.

The self-employed contribute on the chosen base within the RETA brackets. Historically they contributed at the minimum, which generated low pensions. Since 2023 a real-income contribution system has been in force (with brackets reviewed every year, including 2026), bringing contributions closer to real income and improving the future pension of new self-employed workers.

Under the current reform, you need 36 years and 6 months of contributions to receive 100% of the regulatory base, rising to 37 years from 2027. With the minimum of 15 contributed years you only qualify for 50% of the base. Between those extremes the scale is progressive: the first years after the minimum add a larger percentage than the last ones, so contributing from 15 to 20 years raises the percentage considerably more than going from 30 to 35. In addition, at least 2 of those 15 years must fall within the 15 years preceding retirement.

Yes, there are two routes. Voluntary early retirement allows you to bring retirement forward by up to 2 years, provided you have at least 35 contributed years, and applies reduction coefficients ranging roughly between 2.81% and 21% depending on the months brought forward and years contributed. Involuntary early retirement, for reasons beyond the worker's control such as collective redundancy, allows up to 4 years early with 33 contributed years and somewhat gentler coefficients. It is worth calculating the impact carefully: the reduction is for life and applies to all future pension payments, not just the years brought forward.