The government is preparing a gift for Polish pensioners. In 2018, the pension should increase by 2.8%. Such growth can not be called a revelation. And the officially unemployed are left to themselves and can not count on state support at all. Now the average retirement pension for men is at PLN 2782, for women – PLN 1642.

Look at this amount and compare it to monthly expenses. Are you able to survive only for these funds? We do not. That is why we have created a universal savings formula that will ensure a decent old age. Everyone can use this formula. You can check it yourself.

How we calculated We took into account several factors that affect the quality of our lives:

How we calculated We took into account several factors that affect the quality of our lives:

  • reward
  • the percentage of remuneration that we are going to postpone
  • income from a savings account
  • inflation rate
  • time we want to spend comfortably
  • sufficient amount for a comfortable life

We count: how much money do you need to ensure yourself a decent old age.


In the table you fill in the fields marked in yellow. Then, in the green fields will be automatically calculated, what will you retire, including savings.

We deliberately did not take into account the amount of the state pension, because in every situation you should count only on yourself. However, you can add the amount you expect to receive from you, up to the amount in the column “you will get a pension at today’s rates”.

How I calculated, how much do I have to earn and retire?

How I calculated, how much do I have to earn and retire?

I am 30 years old and my pay is 3000 PLN. I plan to work for 60 years and after retiring I would like to secure a decent old age for 15 years. I do not know what awaits me in the future. It’s just that average people live in Poland after retirement.

I put off 10% of my salary into a savings account, which has an interest rate of 4% per annum. If I will do it for 60 years, I will save PLN 535,756. However, according to the inflation table (in Poland, on average, 3% per year), my money will lose value and savings in current prices will amount to PLN 196,801.

To live comfortably, I need PLN 2,500 a month, or 450,000. PLN 15 for a period of 15 years. And that means I miss 250,000 zlotys. I need to either earn more or deposit more and spend less.

I tried to enter not 10 but 25% in the column “I’m postponing _% of remuneration”. And everything is correct. At the age of 60, with such a salary I will collect 491 thousand zlotys at today’s prices and it will be a sufficient amount to ensure a peaceful old age.

In what to invest to save on old age

In what to invest to save on old age

If you’re under 30, invest in yourself.

The American psychologist Meg Jay in the book “Important Years” says that a period of up to 30 years is the most important for a career. Therefore, invest in professional development: buy books, tools, courses, and save retirement savings for later. If you are more than 30 years old, it’s time to think about your savings and take care of your old age. However, any expert in the field of personal finances will confirm that the savings do not have to be idle, they can bring additional income. There are 3 options.

Bank accounts

Income: 3-4% per annum.

The easiest and most secure way to invest. But such income can not increase capital to a large extent.


Income: can not be predicted.

If you know finances, you are ready to set up an investment account with a bank or brokerage house to trade on the Warsaw Stock Exchange, investing in stocks is what you need. Earn 20-25% from trade – it is quite real. However, sometimes purchased shares lose their value.

Real estate

Income: 5-6.5% per annum.

Investments in real estate are always profitable. They bring stable income and help protect their savings from inflation. With the increase in prices, the cost of rent increases.

According to Business Insider data, we earn the most when buying a flat for rent in Katowice (income around 6.5%),  Warsaw (income about 5-5.5%). But the initial price is about PLN 200,000. You can not buy a flat in the primary market at a lower price.

We hope that after reading this article, you will no longer have questions about how much money you need to ensure a decent old age. Use this table. She really works.