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Altersvorsorgedepot calculator 2027

Germany’s new Altersvorsorgedepot against a normal depot: what your savings plan could hold at the payout, and what each pays you after tax.

Rules to apply

More countries’ pension accounts will follow.

Saving until the payout

From the first payment on 1 January 2027 to the payout age.

Depot type

Two funds picked by the provider, one return-oriented and one defensive. You set the split; by law it shifts to the defensive fund before payout, and costs are capped at 1.0% a year.

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The payout can start at any age from 65 to 70; the state pension starts at 67 for anyone born from 1964.

The plan starts with the first payment on 1 January 2027 and runs to the payout. Under 25 at the start, the state adds €200 once.

Up to €570 a month (€6,840 a year). The first €150 a month (€1,800 a year) earn the subsidy; anything above grows tax-free and is taxed more lightly at payout. Savings plans are free of order fees, so neither plan pays one.

Moving a Riester contract over? (optional)

From 2027 a Riester contract can be moved into an Altersvorsorgedepot without losing its subsidies. Enter the numbers from your yearly Riester statement: the Altersvorsorgedepot receives the balance on 1 April 2027 (3 months’ notice to the end of a quarter), the normal depot what cashing the contract out would leave, the same day.

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The first three are on the yearly statement from your Riester provider; the tax relief beyond the subsidy is in your tax assessments. Moved over, the balance stays subsidised money: no new subsidy, not counted toward the €6,840, taxed in full at payout, and without the Riester guarantee. Cashed out, every subsidy and the tax relief go back and the gain is taxed at your income-tax rate.

The two funds
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Glide path

How the Standarddepot shifts from the return-oriented fund into the defensive one before the payout. The law sets a minimum; you may agree other percentages with the provider.

At each step the depot moves money into the defensive fund if the return-oriented share is above the limit, and new payments follow the limit. Inside the Altersvorsorgedepot that is free of tax; in the normal depot the same move is a taxable sale.

Payout phase

From the payout age both plans pay out under the payout-plan rule, shown for the middle future at the return you set.

Your tax rate at payout
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Your personal income-tax rate in retirement on this money. Most savers land between 15% and 35%; we don’t guess yours.

Monthly payouts

Even payments spread the capital over the months to the end of the plan at the assumed return. The legal minimum pays only 80% of the rest divided by the months left, so payments start low, rise, and a large rest comes at the end. The law only guarantees the minimum: whether your provider offers even payments is open until the products launch in 2027, and real payments are reset at least every 3 years from what the depot holds.

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By law the payout starts between 65 and 70, a payout plan runs to at least 85 and pays at least 80% of the remaining capital divided by the months left, reset at least every 3 years; up to 30% may be taken as a lump sum.

More settings Account fee 0% · Inflation 2%
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What the provider charges on the depot’s value, on top of the funds’ own costs, which are already in their prices. By law the two together may cost at most 1.0% a year.

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Like a savings plan with automatic increase: each January both plans pay this much more a month, up to the Altersvorsorgedepot’s €570 a month. Church tax and the saver’s allowance apply to the normal depot. Your income-tax rate while saving shows what your tax return adds on top of the subsidy: above about 23% the deduction is worth more than the subsidy, and the difference comes back to you (not into the depot). Inflation is used when you show the result with inflation.

Promotions
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Years counted

For the Altersvorsorgedepot only. Calendar years: one year from 2027 means 2027 only, whenever the plan started. A refunded fund cost builds up daily and is paid each quarter, reinvested in the same fund. The normal depot is assumed free.

An illustration from past prices and published rules, not financial or tax advice.

The Altersvorsorgedepot in short

What is the Altersvorsorgedepot?

A new state-subsidised pension account in Germany, open from 1 January 2027. You save into funds such as ETFs, and the state adds a yearly subsidy, the Zulage. New Riester contracts can no longer be sold after 31 December 2026.

How much does the state add?

The Grundzulage is 50% of your first €360 a year and 25% of the rest up to €1,800: at most €540 a year, if you pay in at least €120. Each child with Kindergeld adds up to €300 a year, matched from the same contributions. Savers under 25 get €200 once.

How much can I pay in?

Up to €6,840 a year per contract (€570 a month), in at most 2 contracts. The Zulage is paid on the first €1,800 a year per person; money above that still grows with no tax until the payout.

Standarddepot or your own funds?

The Standarddepot holds two funds the provider picks, a safer one and a riskier one. Its yearly costs are capped at 1%, and unless you agree otherwise at most 50% stays in the riskier fund from 5 years before the payout, 30% from 2 years. In a depot you run yourself you pick ETFs and other funds up to risk class 5, or euro government bonds, with no cost cap and no move to safer funds.

How is the Altersvorsorgedepot taxed?

Nothing is taxed while you save: no Abgeltungsteuer, no Vorabpauschale, and switching funds is tax-free. Contributions up to €1,800 plus the Zulagen count as Sonderausgaben. At the payout, the subsidised part (those contributions, the Zulagen and all they earned) is taxed as income at your personal rate. Of the money above €1,800 a year only the gain is taxed, half of it when paid after 62 and at least 12 years of contract.

When is the money paid out?

From an age between 65 and 70. Up to 30% can come as a lump sum at the start; the rest is a payout plan that runs to at least age 85, or a lifelong annuity. Taking money out early means paying back the Zulagen and the tax relief.

Can I move my Riester contract into it?

Yes. With 3 months’ notice to the end of a quarter, the Riester money moves across without paying back Zulagen or tax. It sits outside the €6,840 a year, stays subsidised money and is taxed in full at the payout. Each provider may charge at most €150 for the move, and the Riester guarantee does not come with it. The calculator can include a transfer.

How does this calculator work?

It applies the 2027 rules to your savings plan from 1 January 2027 to the payout, over 1,000 possible futures built from the funds’ real past prices, and puts the same money in a normal depot that is taxed along the way next to it. It shows a range, not a forecast, and it is not tax or financial advice.

Rules as in the Altersvorsorgereformgesetz (BGBl. 2026 I Nr. 156). A summary, not tax or financial advice.

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