When can I retire?
The earnings-related pension provides security for you in the event of illness and old age and for your family when you die. There are several options for retiring on an old-age pension.
When is retiring an option?
You can retire on an old-age pension flexibly based on your birth date. You can start drawing part of your old-age pension at the age of 61. A partial pension can help you reduce your workload.
Pension also helps if your work ability deteriorates, you want to work less or your spouse passes away.
Your birth year determines when you can retire on old-age pension
You can retire on old-age pension once you have reached your lower old-age pension age. Your pension can begin at the earliest at the start of the following month. If you retire later, your pension continues to grow. Check your retirement age in the table below.
In addition to your lower old-age pension age, you have a target retirement age and an upper old-age pension age.
- The target retirement age is the age at which the increase for deferred retirement has increased your pension as much as the life expectancy coefficient reduces it. If you retire after the target retirement age, your pension will grow even more.
- The upper old-age pension age is the age until which your work is insured and accrues pension for you. If you have entered a new employment relationship alongside your old-age pension, apply for the pension accrued on this employment at your upper old-age pension age.
Check your lower and upper old-age pension age and your target retirement age in the table. The table also shows you the earliest date on which you can retire on partial old-age pension or years-of-service pension. To find out your exact retirement date, go to the MyPension service and use the old-age pension calculator.
Birth year |
Lower old-age pension age |
Estimated target retirement age |
Upper old-age pension age |
Part-time pension age |
Years-of-service pension age |
---|---|---|---|---|---|
1953 or before |
63 yrs |
No target retirement age |
68 yrs |
61 yrs |
- |
1954 |
63 yrs |
63 yrs 9 m |
68 yrs |
61 yrs |
- |
1955 |
63 yrs 3 m |
64 yrs 1 m |
68 yrs |
61 yrs |
63 yrs |
1956 |
63 yrs 6 m |
64 yrs 5 m |
68 yrs |
61 yrs |
63 yrs |
1957 |
63 yrs 9 m |
64 yrs 9 m |
68 yrs |
61 yrs |
63 yrs |
1958 |
64 yrs |
65 yrs 1 m |
69 yrs |
61 yrs |
63 yrs |
1959 |
64 yrs 3 m |
65 yrs 5 m |
69 yrs |
61 yrs |
63 yrs |
1960 |
64 yrs 6 m |
65 yrs 9 m |
69 yrs |
61 yrs |
63 yrs |
1961 |
64 yrs 9 m |
66 yrs |
69 yrs |
61 yrs |
63 yrs |
1962 |
65 yrs |
66 yrs 6 m |
70 yrs |
61 yrs |
63 yrs |
1963 |
65 yrs |
66 yrs 8 m |
70 yrs |
61 yrs |
63 yrs |
1964 |
65 yrs |
66 yrs 9 m |
70 yrs |
62 yrs |
63 yrs |
1965 or after |
The life expectancy for your age group and the length of your career are decisibe factors - use our pension calculator for the latest estimate |
|
|
3 yrs before lower old-age pension age |
2 yrs before lower old-age pension age |
Partial old-age pension at the age of 61
If you were born in or before 1963, you can retire on partial old-age pension at the age of 61. If you were born in 1964, you can retire on partial old-age pension at the age of 62. The pension age for those born after 1964 has not been confirmed yet. You can retire on partial old-age pension even after having reached your lower old-age pension age.
Use the MyPension service’s pension calculator to find out when you can retire on partial old-age pension. Read more about the partial old-age pension.
Old-age pension at the age of 62 based on unemployment
If you have been unemployed for a long time and you were born before 1958, you may be entitled to old-age pension at the age of 62. Read more about the old-age pension for the unemployed.
Survivors’ pension provides security in the event of death of a loved one
If your spouse passes away, you may be entitled to a surviving spouse’s pension. If a parent passes away, children under 18 are entitled to an orphan’s pension. The survivors’ pension begins at the start of the month following the month of death. Read more about the survivors’ pension for surviving spouses and children.
If your work ability weakens, turn to Ilmarinen for support
Vocational rehabilitation is an option when work ability weakens. If rehabilitation does not help, you can apply for a disability pension or a years-of-service pension.
Pension calculator
Use the calculator to find out when your old-age pension and partial old-age pension can begin and calculate various pension estimates.
Vocational rehabilitation
If you fall ill, it is always important to find out first if rehabilitation could be an option for you. If the conditions for rehabilitation exist, we will support you.
Read about vocational rehabilitationDisability pension
If your work ability has weakened due to an illness or injury and rehabilitation is not possible in your life situation, the options to be considered are a partial, fixed-term or permanent disability pension.
Read about the disability pensionYears-of-service pension
This pension type might be a suitable option for you if you are 63 years or over. Eligibility for a years-of-service pension requires that your work ability has weakened and you have performed strenuous work for at least 38 years.
Read more about the years-of-service pension