Expected years in retirement: For how long do Europeans receive their pensions?
The expected years after retirement age differ widely across Europe. Euronews Business takes a closer look at current retirement ages and how long Europeans can expect to receive their pension.
Across Europe, the length of a person's expected pension years varies significantly between countries. As of 2024, the EU's retirement age stands at 64.7 years for men and 64 years for women, as per OECD data. However, life expectancy at retirement age differs by gender, with men living an average of 18.4 years and women 21.8 years post-retirement, according to Eurostat and OECD figures.
The expected pension duration for men ranges from 14.7 years in Bulgaria and Hungary to 27.3 years in Turkey, while for women, it spans from 18.6 years in Hungary to 34.5 years in Turkey. Luxembourg leads with men receiving pensions for 22 years, and women for an even longer 22-year period. Germany, however, sees men expected to retire for only 1.1 years less than the EU average, contrasting sharply with France, Italy, and Spain.
On the other hand, women in several countries, including Cyprus, Sweden, Portugal, Belgium, Ireland, the UK, Austria, and Finland, are projected to receive pensions for more than 22 years. Despite these disparities, Turkey stands out as an exception with a retirement age of just 52 for men and 49 for women. This results in a high expected number of pension years post-labour market exit, with men and women potentially spending 18.2 and 22.6 years in retirement, respectively.
Written by urgent.news from Euronews's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
