This is how you will have enough money as a pensioner – complete budget

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This is how you will have enough money as a

How much money you get in retirement is governed by a number of different factors. It depends on how many years you worked, what salary you had, how much you put aside for your private pension and how much your employer saved in an occupational pension.

But how much money is involved on average then?

On its website, the Swedish Pensions Authority presents figures on the average pension before tax for pensioners living in Sweden.

It turns out that there is a huge difference between men and women:

  • All: SEK 21,600 per month
  • Women: SEK 18,200 per month
  • Men: SEK 25,500 per month

    • The sums are before tax.

    READ MORE: That’s how much Swedish pensioners get out every month – on average

    This is how much money a pensioner needs every month

    The pension site minPension, which is made in collaboration between the state and the pension companies, has produced calculations of how much it actually costs to be a pensioner today.

    Do the expenses add up in relation to the average sum presented above?

    Three calculations are presented on the site:

  • The basic pensioner – with a pension of SEK 19,000 before tax
  • The average pensioner – with a pension of SEK 26,000 before tax
  • The Plus pensioner – with a pension of SEK 39,000 before tax

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    19,000 in pension every month – that’s how the money is distributed

    The closest to the average presented by the Swedish Pensions Agency is the basic pensioner, with its SEK 19,000 before tax.

    Please note that housing costs can vary depending on where in the country you live, whether you live in a condominium or rental property and so on. The calculation is an example.

    This is how the money is distributed in the example calculation:

    Income, in kroner:

  • Pension after tax: 15,500
  • Housing allowance: SEK 2,700

    • Total: SEK 18,200

    Expenses, in kroner (example):

  • Rent: 7,800
  • Food: 3,330
  • Hygiene and dental care: 700
  • Clothes and shoes: 700
  • Free time: 600
  • Media and mobile: 1,700
  • Consumables: 160
  • Home equipment: 1,100
  • Home insurance: 180
  • Card for public transport: 650

    • Total: SEK 16,920

    “The budget alone is food for thought”

    The calculation gives pensioners with an untaxed pension of 19,000 just over 1,000 kroner each month. The calculations assume that you are single, otherwise certain categories may be cheaper.

    “But keep in mind that in principle all relationships end with one being left alone – so the single budget can be a good food for thought,” writes myPension.

    READ MORE: SEK 900 less a month: The unknown rule lowers your pension

    nh2-general