Expected number of years in retirement for 30-year-old

29/12/2016


Key observations:
  • In 90% of analysed countries the expected number of years in retirement for 30-year-old man is less than 15 years. At the same time in 90% of analysed countries the expected number of years in retirement for 30-year-old woman is more than 15 years. The main reason behind it is the fact that women live longer than men in all analysed countries.
  • In countries with expected number of years in retirement for 30-year-old man higher than 10 years, the expected numbers of years in retirement for men and women are strongly related to each other (correlation coefficient of 0.8). However, this relationship is not strong among countries with lower expected number of years in retirement for 30-year-old man (lower than 10 years), e.g. for Poland and Belarus the expected numbers of years in retirement for 30-year-old man are below average, while the values for women are among the highest ones. One of the reason behind it is the fact that the difference between retirement ages for men and women are the highest in these countries (the retirement ages for women are 5 years lower than for men in both countries).
  • In most analysed countries the retirement ages for men and women are or will be the same. The exceptions are Poland (5 years difference), Belarus (5 years difference), Romania (2 years difference), Switzerland (1 year difference). In these countries women retire and will retire earlier than men. 
  • There are countries (Italy, Portugal, Czech Republic, Netherlands, Slovakia), which have introduced or will introduce the retirement age linked to life expectancy, which means that the retirement age will change according to changes in the average life span. In this case the retirement age is determined based on the expected number of years in retirement, e.g. 15 years.

Methodology and data source information:
Expected number of years in retirement for 30-year-old was calculated by deducting the retirement age in a given country from the expected length of life for 30-year-old in this country. It was calculate separately for men and women. Calculations are based on the future retirement ages if this information was available or otherwise the current retirement ages. Sources: Eurostat, European Commission, Social Security / Social Insurance Institutions in European countries.