Select your retirement pension plan type (DB, DC, or IRP) and enter the details below to estimate your lump-sum payout at retirement and your monthly amount if received as a pension.
Assumes at least 1/12 of your annual wage is contributed to your DC account each year, growing at this expected annual return
Assumes your current balance and yearly additional contributions grow at this expected annual return until withdrawal
Leave at 0 to assume no further growth while receiving monthly payments
Select your plan type and enter the details above to estimate your retirement pension payout.
This is a simplified reference estimate only, not an official calculation. DB is approximated as average monthly wage just before retirement × years of continuous service (the statutory minimum is 30 days' average wage per year of service, and in practice it is based on your average wage over the final 3 months). DC assumes your employer contributes at least 1/12 of your annual wage to your account each year, compounding annually at your entered expected return — actual contributions and investment performance vary by employer and product. IRP assumes your current balance and yearly additional contributions grow at your entered expected return until withdrawal. The monthly pension amount spreads your estimated lump sum over the payout period and payout-phase return you enter (0% means an even split). This calculator does not account for retirement income tax (퇴직소득세), reduced pension income tax (연금소득세, typically 3.3%–5.5% when received as a pension for 10+ years after age 55), the IRP tax credit on additional contributions, investment losses, fees, or year-to-year changes in your wage or salary. For an accurate figure, check with your employer's HR department or your retirement pension provider, or consult a financial or tax professional.