Have you thought about retirement? Find out how much you'll get.

How does the Social Security Pension Simulator work?

The Social Security Direct Pensions Simulator is available online and can be accessed with your usual credentials. The platform states that:

"The simulator allows to predict the estimated value of old age or disability pension, helping in decision making in a professional context and in defining the ideal time for retirement," reads the quote on Notícias ao Minuto.

You can access the simulator at this official link (Segurança Social Direta). It is fast, free and can help you make important decisions about your career and retirement.

What types of simulations are available?  

Automatic simulation

Perfect for those who want a quick estimate, based on the data that Social Security already has about their contributory career.

With this option you can:

• Estimate the value of old-age pension at legal retirement age.

• Include or exclude projected salary increases in calculations.

Customized simulation

More detailed, it is indicated for those who have specific situations in their career or want to customize the simulation.  

With this option you can:  

• Insert or correct contributory career data (e.g. military service, periods abroad or in other boxes, such as CGA or CPAS);  

• Early retirement similar to long-term unemployment reform;

• Include professions with special retirement age (eg. fast wear professions);  

• Adjust parameters such as wage growth rate and inflation.

• Similar disability pensions (relative or absolute), including special schemes.

Important note: Disability pension is only granted after a medical evaluation through the Social Security Disability Assessment System.

Retirement age in Portugal: What you need to know  

The normal retirement age in Portugal varies according to the evolution of life expectancy. In 2025, the legal retirement age is 66 years and 2 months. However, this number will change in the following years.

It is possible to retire before this age, but with penalties on the pension value, unless you fall under a special regime (such as long-term unemployment or risky professions).

Why should you do this simulation?

• Helps to set savings goals to complement retirement;  

• Allows assessing the impact of continuing to work for a few more years.

• Clarifies what to expect in case of disability;  

• It is essential for those close to retirement age or with complex contributory careers.  

The reform is not as far away as it seems.

Even though there is still a long way to go before retiring, knowing the estimated value of your pension is a way to gain control over your future.  

In a few minutes, using the Direct Social Security simulator, you can clarify doubts, plan better, and make more informed decisions. Simulate and start preparing for your retirement with confidence.

To stay informed about your rights, support, and subsidies, follow the Poupança no Minuto.

Subscribe newsletter

Follow Instagram Savings in One Minute

Savings in a Minute is a brand owned by Financefy, S.A., a credit intermediary registered with the Bank of Portugal under number 0006860. Authorized services to provide: Presentation or proposal of credit contracts to consumers. Assistance to consumers, through the performance of preparatory acts or other pre-contractual management work regarding credit contracts that have not been presented or proposed by themselves. Lenders: Bankinter, S.A. - Branch in Portugal, Caixa Geral De Depósitos, S.A., Banco BPIi S.A., Banco Santander Totta, S.A., Abanca Corporación Bancaria, S.A., Branch in Portugal, Banco Ctt, S.A., Novo Banco, S.A., Cofidis, BNP Paribas Personal Finance, S.A. - Branch in Portugal, Union De Créditos Inmobiliários, S.A., Establecimiento Financiero De Crédito (Sociedad Unipersonal) - Branch in Portugal, Bni - Banco De Negócios Internacional (Europa), S.A., Banco Bic Português, Sa, Unicre - Institution Financial Credit, S.A.