Pension calculator

Payout months spread the personal account over the expected retirement period, and the official table fixes them by retirement age: 195 at 50, 170 at 55, 139 at 60 and 101 at 65. Retiring later means fewer expected years of payment, so the same balance is spread over fewer months and the monthly amount is larger. Once the account is exhausted the pooled fund keeps paying the same amount.

The index is your contribution wage for a year divided by the local average wage for that year, averaged across your contribution years. Contributing at the average wage gives 1, at 60% gives 0.6 and at 300% gives 3. The example range for the contribution base is 60%–300% of the average wage; the tool flags anything outside it so you can double-check the definition you used.

Four common reasons: local average wages are defined differently (province-wide versus city-wide, all employees versus urban employees); deemed contribution years and transitional pensions follow provincial rules with different coefficients; pensions are adjusted every year while this shows only the initial award; and the personal account also earns book interest. Your local social-insurance office has the authoritative figure.

This tool uses the common example form: average wage × contribution index × deemed contribution years × transitional coefficient. Coefficients are usually between 1.0% and 1.4%, the deemed years are certified by the social-insurance office, and provinces differ a lot (some use 1.0, some 1.3, some a flat amount) — adjust the coefficient to your local rule before trusting the output.

International guidance often uses 70% as the level that preserves your pre-retirement standard of living, while the Chinese urban employee basic pension typically replaces 40%–60%, higher for long contribution histories and higher indices. The tool reports both the rate against the indexed wage and against your actual pre-retirement wage, and the latter is closer to how it feels in practice.