Spain Pension Calculator 2026
The retirement pension in Spain 2026 is calculated from the base reguladora (average of contribution bases over the last 25 years divided by 350). A worker with an average salary of €2,500/month over 25 years and 37 contribution years retiring at age 66 would receive approximately 97% of their base reguladora. The ordinary retirement age in 2026 is 65 with 38 years and 3 months of contributions, or 66 years and 10 months with fewer contributions. The minimum pension for retirees without a spouse is €783.40/month and the maximum is €3,267.60/month (14 payments/year).
Frequently Asked Questions
How is the pension base reguladora calculated?
The base reguladora is calculated by summing the contribution bases of the last 25 years (300 months) and dividing by 350. This divisor accounts for the 14 annual payments in the Spanish system (300 × 14/12 = 350).
How many years of contributions are needed for 100% pension?
To receive 100% of the base reguladora, approximately 36 years and 6 months of contributions are needed. At 15 years you get 50%, then it increases by 0.21% per additional month for the first 49 months, and 0.19% per month thereafter.
What is the retirement age in Spain in 2026?
In 2026, the ordinary retirement age is 65 if you have 38 years and 3 months or more of contributions, or 66 years and 10 months with fewer contributions. Voluntary early retirement can be requested up to 2 years before the ordinary age.
What is the early retirement penalty?
The penalty depends on the quarters of early retirement and the contribution years. For voluntary early retirement, it ranges from 2.81% to 3.26% per quarter (depending on contribution years). For involuntary (layoff, ERE), the coefficients are lower, between 1.625% and 2.00% per quarter.
What are the minimum and maximum pensions in 2026?
The maximum pension in 2026 is €3,267.60/month (€45,746.40/year with 14 payments). Minimum pensions vary by family situation: €783.40/month without spouse, €966.20/month with dependent spouse, and €743.20/month with non-dependent spouse.