Pension at 67: your personal pension situation

The rental savings

Owners of their own property are currently relieving pensioners of an average of 600 euros per month. In order to have this amount guaranteed monthly in the account from the age of 67, a 37-year-old man would have to pay 294 euros per month into a private pension insurance. With 47 even 484 euros. And in addition to the rent.

Retirement savings without effort

That's how much your rent will cost today	500 euro	600 euros	800 euros
You save that a month	100 euros	200 euros	200 euros
total	600 euros	800 euros	1, 000 euros
You can afford this credit *	96, 000 euros	128, 000 euros	161, 000 euros
You already inherited or saved **	41, 000 euros	55, 000 euros	69, 000 euros
You buy this property	137, 000 euros	183, 000 euros	230, 000 euros
Source: LBS West. Status: end of 9/2007

* Pre-financing loan: nominal interest rate 5.05%, (initial) eff. Annual interest 5.19%, 10 years fixed; 2.4% savings rate on a building society contract, which gradually replaces the pre-financing with allocation; Term: 28 years, 9 months

** Approx. 30 percent equity