Projected Pension Calculator

Use the projected pension calculator to find out what level of benefits you may expect when you reach retirement age. Enter a few details to receive preliminary insights and recommendations for your financial future.

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Information about saving
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Projected total pension

Projected pension as a share of final salary - %

Average pension in Lithuania (2026 projection) - €/month

Start saving in the second pillar

- €

this is how much more you could receive in monthly pension payments thanks to regular contributions, the annual state contribution of EUR 400, and expected investment returns. Artea second-pillar pension.

Update your second pillar contributions

Only by paying contributions you will receive an additional state incentive – 1.5 % of your average salary from the previous year – EUR 33 per month or a total of EUR 400 per year (in 2026), allowing you to accumulate more.

It is time to increase contributions to the third pillar

- €

this is how much more you could expect to receive in monthly pension payments if you allocated at least an additional 3 % of your gross salary to contributions.

Make use of the personal income tax relief

Make an additional contribution to your third-pillar fund and use the full personal income tax (PIT) relief, if your third-pillar contract was concluded before 2025.

Start saving in the third pillar

- €

This is how much more you could receive in monthly pension payments if you allocated 1 % of your gross salary to third-pillar contributions. Artea third-pillar pension.

Is your employer already taking care of your pension?

An employer may make additional contributions to your pension fund and benefit from tax incentives: Artea pension with employer contributions.

Invest independently

You should allocate at least 10 % of your income to saving and investing. Decide for yourself where you would like your money to work: Artea investing.

Second-pillar benefit

Third-pillar benefit

Additional third-pillar benefit

You are expected to retire in: -

From today until retirement, you would invest in the second-pillar pension fund: - €

By retirement, you would accumulate in the second pillar: - €

From today until retirement, you would invest in third-pillar pension funds: - €

By retirement, you would accumulate in the third pillar: - €

Projected Sodra pension: - €/month

Projected second-pillar benefits: - €/month

Projected third-pillar benefits: - €/month

The calculations and projected pension amounts are illustrative only. As with any investment, your money is subject to investment risk. The value of your accumulated funds may decrease or increase, and you may receive less than you have contributed. Past performance does not guarantee future results. Historical returns, expected returns and projections are provided for information and illustrative purposes only and may not reflect actual future performance. The taxation of your investments will depend on your individual circumstances and may change in the future. Please review the calculator assumptions below.

Conclude a second or third pillar pension accumulation agreement online.

Fill out the form and we will contact you.

Important to know

Saving in pension funds involves investment risk. The pension accumulation company does not guarantee the profitability of pension funds. The value of pension fund units may rise or fall. You may receive less than you invested. Past investment performance of pension funds does not guarantee the same results or returns in the future. Past performance is not a reliable indicator of future results.

We recommend choosing a pension fund responsibly and carefully, paying attention to investment-related risks, applicable charges, and thoroughly reviewing pension fund documents, which form an integral part of the pension accumulation agreement. Pension fund documents are available on the website www.artea.lt.

All information presented is of a promotional nature and may not be interpreted as a recommendation, offer or invitation to accumulate in pension funds managed by Artea Asset Management. The information provided may not serve as the basis for any transaction concluded subsequently. Although the content of this promotional information is based on sources considered reliable, Artea Asset Management is not responsible for inaccuracies, changes, or any losses that may arise from investments made on the basis of this information.

The individual will work continuously until reaching retirement age and will retire immediately upon reaching that age.
The salary entered by the individual will grow at the same rate as the national average wage.
If the individual enters an expected net salary, it will be recalculated into a gross salary in accordance with applicable legislation, except where the salary entered is lower than the minimum monthly wage (MMW). In such cases, the employer pays an additional social insurance contribution to reach the MMW. In this calculator, it is assumed that the salary entered equals the income on which social insurance contributions are paid. This MMW-related condition affects the calculation of the future Sodra old-age pension. If annual pension insurance contributions are lower than those calculated on 12 MMWs, a full year of service is not accrued. The number of pension accounting units accrued is proportional to the contributions paid.
The calculator does not take into account the personal income tax relief available for additional voluntary contributions to the second pillar (available indefinitely) or for third-pillar contributions (available only for contracts concluded before 2025, with relief applicable until 2035). The PIT relief may amount to up to 20% (maximum EUR 300) of annual contributions (combined second and third pillar). By reclaiming PIT relief and reinvesting it, a higher amount may be accumulated than modelled in this calculator.

The average wage growth indicator is based on short-term forecasts (2019–2021) by the Ministry of Finance of the Republic of Lithuania and long-term forecasts (from 2021) by the European Commission (AWG Budgetary Projections – Baseline Scenario).
The base pension indicator and the value of a pension accounting unit will be indexed annually at the same rate as the projected seven-year average of the wage fund (three years before, the current year, and three years after).
Wage fund growth projections are calculated using long-term nominal average wage growth forecasts by the Ministry of Finance and the European Commission, as well as European Commission forecasts of changes in the employed population (aged 15–74).

Funds accumulated and being accumulated in the individual’s pension fund are invested according to life-cycle fund principles, whereby the proportion of higher-risk and lower-risk assets changes (decreases) as retirement approaches, as provided for and published in the investment strategies of Artea second-pillar pension funds. Funds accumulated in the individual’s Artea third-pillar pension fund are invested according to the investment strategy of the selected pension fund, as provided for and published in the fund rules.
For the purpose of projecting pension fund investment performance, long-term average annual returns of 3% for bonds and 7% for equities are applied. Return projections for equities and bonds are based, as far as possible, on impartial academic sources, including publications by the Central Bank of Norway and internationally recognised academics such as D. Chambers and E. Dimson (CFA Institute, University of Cambridge Judge Business School).
Maximum deductions set by the Law on the Accumulation of Pensions apply for second-pillar pension funds, up to 0.5% per year of assets under management, and 0.15% per year for other costs. For third-pillar pension funds, deductions from assets under management, the expected conditional total expense ratio (TER), and additional costs amount to 0.15% per year. These deductions further reduce the investment return received by the individual.
The average projected return over the entire accumulation period is calculated as the average of annual returns after pension fund deductions.

The projected Sodra old-age pension is based on the currently applicable Law on State Social Insurance Pensions of the Republic of Lithuania and does not separately account for the impact of demographic factors on the Sodra pension insurance budget. The projected Sodra old-age pension is shown as it would be on the day the individual reaches retirement age. It should be noted that the pension would continue to be indexed (increased) annually thereafter, in line with wage fund growth projections and other criteria set out in applicable legislation.
When calculating the expected benefit from funds accumulated in pension funds, it is assumed that upon reaching retirement age, a standard pension annuity is purchased with all accumulated pension fund assets, even if the purchase of a pension annuity is not mandatory under legislation.
The calculator does not take into account the option to purchase a deferred pension annuity, which could be purchased using part of the accumulated pension fund assets. The remaining amount would be paid out as periodic payments by the pension accumulation company until the individual reaches the age of 85. In such a case, Sodra begins paying the pension annuity from the age of 85, and the state guarantees that annuity payments will be made monthly for life.
The calculation also does not take into account that if the amount accumulated in the pension fund, upon retirement, does not exceed €16,785, it could be paid out as a lump-sum pension benefit or in periodic pension payments over 20 years, in which case the purchase of a pension annuity would not be required. It is also not considered that if more than €83,926 is accumulated, the amount exceeding this threshold may be withdrawn as a lump-sum payment.
The calculator presents a theoretical projected pension annuity amount calculated in accordance with the methodology for calculating the amount of pension annuity for each type of pension annuity approved by Order No. V-232 of 3 June 2020 of the Director of the State Social Insurance Fund Board “On the Approval of the Methodology of Calculation of the Amount of the Pension Annuity for Each Type of Pension Annuities”. As the calculator is intended to project future old-age pension amounts, the pension annuity amount calculated here may differ from the amount calculated in the Sodra pension annuity calculator due to different input parameters.
Projected Sodra pension, projected pension annuity and projected accumulated pension fund assets are presented both in future value (at retirement) and in present value (what the amount would be today). The future value reflects projected income at retirement in nominal terms, while the present value helps assess what that future amount would be worth today. Present value is calculated by discounting future value by inflation over the period until retirement. It is assumed that inflation will average 2.5% per year over the long term.
To better assess projected retirement income, the calculator also shows what proportion of projected final salary the projected pension will represent. This indicator is calculated by comparing the projected nominal pension at retirement with the projected nominal net salary at that time, assuming that the tax burden remains proportionally unchanged.

Calculator results are based on data entered by the individual, publicly available social indicators valid at the time of use, and applicable legislation, all of which may change in the future. The calculator does not support calculation of pension amounts where the individual exercises the right to withdraw up to 25% of accumulated pension assets, limited to the amount of personal contributions made.
Calculator results depend on the accuracy and timeliness of the data entered (for example, pension fund unit values are recalculated on each working day) and other individual factors, and therefore may not reflect the participant’s actual situation. Detailed information on the structure of contributions to second-pillar pension funds is available in the individual’s Sodra account, and information on total accumulated pension assets is available from the pension accumulation company. For individual consultation, please contact your pension accumulation company and/or Sodra.

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