Enter the pension you would receive at your personal retirement age (estimate it in the pension estimator), your years of career and how many months you bring retirement forward relative to that personal age. Early retirement generally requires age 60 and 40 years of career.
Flexibility regime (age 60 + 40 years of career): the sustainability factor does not apply: only the 0.5% per month early-access cut.
| Item | Value |
|---|---|
| Base pension (at personal age) | €1,500 |
| Early-access cut (0.5%/month × 24 months) | −€180 |
| Final monthly pension | €1,320 |
| Annual pension (14 payments) | €18,480 |
| Monthly loss vs the base pension | €180 |
Personal retirement age: 66 years and 1 month. (minus 8 months for a career beyond 40 years)
Educational estimate. The cuts are permanent. It does not recompute the pension from salaries (use the pension estimator), does not detect the 46-years-started-at-14/16 regime or special regimes (long-term unemployment, hazardous occupations), and does not deduct income tax (IRS) from the pension.
Educational estimate, not advice. The sustainability factor (a 17.63% cut in 2026), the 0.5% per month early-access cut relative to the personal age, and the exemption from these cuts for very long careers are official rules. Always confirm your case with Social Security.
Early Retirement Penalty Calculator, Portugal 2026 by Calculadora Capital