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2023 Reform

Retirement Simulator: Pension Estimation

Estimate your monthly pension, replacement rate, and number of quarters at retirement.

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The 2023 pension reform

The 2023 pension reform gradually raised the legal retirement age to 64 (from 62) for those born from 1968 onward. The contribution period required for a full pension was increased to 172 quarters (43 years) for generations born after 1967.

Penalty and bonus: impact on your pension

If you retire without having validated all required quarters, a penalty of 1.25% per missing quarter applies (maximum 20 quarters, i.e., -25%). Conversely, if you continue working beyond the full rate, a bonus of 1.25% per additional quarter increases your pension.

Replacement rate: what to expect?

The replacement rate measures the ratio between your pension and your last salary. In France, it typically ranges from 50% to 75% of the last net salary for a private sector executive. The higher your income was, the lower the replacement rate proportionally.

Frequently asked questions about retirement

At what age can I retire?
The legal age is progressively raised to 64 for those born from 1968. Before 1961, it was 62. Early retirement is possible in certain cases (long career, disability).
How many quarters for a full pension?
Depending on birth year: 168 quarters (born 1961-1963), 169 (1964-1966), 172 (1967+). The full rate is 50% of average annual salary.
How is the basic pension calculated?
Pension = Average annual salary (25 best years) x Rate (50% at full rate) x (Validated quarters / Required quarters).
Are social charges applied to pensions?
Yes, approximately 9.1% in social charges (CSG, CRDS, CASA) are deducted from gross pension to get net pension.
Can I combine work and retirement?
Yes, combining employment and retirement is possible. Since 2023, it even allows acquiring new pension rights.

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