Pension calculator

How to use the calculator

First enter your number of years of service (which determines the multiplier applied to your earnings). Then enter your annual gross earnings for every year you worked. Only include officially declared and taxed income received as salary or bonuses.

The calculator takes into account the valuation multiplier for each year, the service-time multiplier, and the progressive degression, and uses these to estimate your expected monthly pension.

Important: The calculator does not automatically apply the annual contribution ceiling that existed before 2013, but the table shows the maximum annual gross income on which pension contributions were payable. Do not enter a gross annual amount above this limit for those years.

Always enter full-year earnings. The calculator continuously recalculates average lifetime earnings, so if you have only worked for a few years, it assumes you will continue earning at a similar level in the future. For a more accurate estimate, enter data for every year available.

How the pension calculation works in practice

1. The total number of service years accumulated over your lifetime, rounded down to a whole number (partial years are disregarded).
2. The annual net value of income earned since January 1, 1988 (first pension contributions are deducted, then income tax is deducted from the remaining amount).
3. The net values for each year must be multiplied by the annual valuation factor. This converts historical earnings into their present-day equivalent. In practice, the key question is whether your income in a given year was below or above that year’s average net earnings, which determines its relative value.
4. The resulting amounts are divided by the total service period measured in days. The result is then multiplied by 365 and divided by 12 to obtain the average monthly net lifetime earnings.
5. If the resulting amount exceeds HUF 372,000 per month, degression must be applied (first at 90%, then at 80% above HUF 421,000).
6. Finally, the resulting amount is multiplied by the factor corresponding to your years of service (53% after 20 years, 68% after 30 years, 80% after 40 years, etc.). The maximum service period is 50 years and the minimum is 15 years (although the calculator can also perform estimates for 10–15 years).

The figures are for informational purposes only. For a more precise calculation, use the Hungarian State Treasury pension calculator.