Retiree calculator: Simulate the INSS retirement

Workers who contribute to the INSS (Instituto Nacional do Seguro Social) can use the Sheet to estimate how much they will earn from retirement. To make the query, inform how many years are left until retirement and an approximate value of the average salary.

The calculator only accepts amounts up to the INSS ceiling in 2022, of BRL 7,087.22, which is the maximum amount of contributions paid. However, the average salary for those who have always contributed through the ceiling is R$ 6,695.38 in June this year. This limit, called the average-ceiling, changes every month, following the inflation correction.

The calculator’s data only considers the general calculation created by the Social Security reform: 60% of the average salary plus 2% for each contribution year that exceeds 15 years for women and 20 years for men. The calculator does not include the situations of workers who are going to retire under one of the 50% and 100% toll transition rules. The result will be a simplified statement, which only reproduces the approximate value of the retirement.

How to calculate average salary

For benefits granted after the November 2019 Social Security reform, the INSS averages all salaries with contributions since July 1994, with monetary correction. According to experts, this information is in the work card, in the contribution books and in the Cnis (National Register of Social Information), which can be accessed through the Meu INSS app or website.

The worker who collected all contributions since July 1994 through the ceiling and had all contribution salaries considered in the calculation of the average salary has an average of R$ 6,695.38 in June, according to Ieprev (Instituto de Estudos Previdenciários).

Those who have always paid for the minimum wage will receive a pension equal to the floor in force in the year in which the payment begins. No INSS pension can be lower than the minimum wage, which is R$1,212 in 2022.

Specialists indicate that the best way to calculate the average salary is through the simulator within Meu INSS. However, the account is approximate, because it depends on Cnis data, and the program goes down or becomes unstable with some frequency.

The INSS reported that the calculation of the average salary by Meu INSS is only available for workers who are five years away from retirement. The agency informs that the income simulator is temporarily unavailable to adapt to the calculation changes brought by law 14.331/2022.

As for failures in accessing the system, the INSS states that Dataprev has been making interventions to improve it and that, in case of unavailability, the insured must access it again at another time.

How to know how long it takes to retire

Since the Social Security reform, it has become more difficult to know how much is left to retire, because the worker can fit into the transition rule by points, the progressive minimum age, the 50% toll, the 100% toll, the transition from retirement by age or the definitive retirement rule. To make it a little more difficult, requirements increase over the years on part of the transition rules.

If the worker accesses the Meu INSS website or app, the system will show how much time is left to retire in each of the transitions and by the general rule of retirement. On first access, you will need to register a password and answer questions related to your contribution history.

But be careful: if the INSS is not recognizing any period worked, the system will not consider these years or months in the simulation. Therefore, it is important to consult the Cnis (registration of contributions) to check for errors and ask the body for corrections.

general rule of retirement

• The Social Security reform established a minimum age of 62 years for women and 65 years for men as a rule.
• The calculation is 60% of the average salary plus 2% for each contribution year that exceeds 15 years for women and 20 years for men.

Retirement transition rules

.Retirement by time of contribution by points

• You must have at least 30 years of contribution to the INSS (women) and 35 years (men)
• In 2022, the sum of age and contribution time must reach at least 89 points (women) and 99 points (men)
• The required sum increases by one point each year, until it reaches 100 points (for women, in 2033) and 105 (for men, in 2028)

.Retirement by contribution time with progressive minimum age

• In 2022, women aged 57 years and six months and at least 30 years of contribution can retire
• For men the minimum is 62 years and six months of age and 35 years of contribution in 2022
• The minimum age requirement increases by six months per year and will reach 62 years old in 2031 (women) and 65 years old in 2027 (men)

.Transition from retirement by age

toll rules

There are also two transition rules that require a toll, in which the worker must contribute for an additional time. To calculate this extra time, the total contributions accumulated when the Social Security reform began to take effect are considered. At the 100% toll, there is also a minimum age requirement. The calculator does not include policyholders who will retire under one of the toll rules.

.100% toll

• Minimum age of 57 (women) and 60 (men) at the time of granting the benefit. This requirement is fixed, i.e. it does not increase over time.
• It is necessary to contribute for twice the time needed to reach the age of 30 (women) and 35 years of contribution (men) on November 13, 2019

Benefit calculation: retirement is full, that is, equal to the average salary of the worker

.50% toll

INSS requirements in 2022:

• Anyone who, in November 2019, already had contribution periods between 28 and 30 incomplete years (women) or between 33 and 35 incomplete years (men) can retire at the 50% toll.
• You must contribute for another 50% of the time remaining to reach 30 years of contribution (female) or 35 years (male) on November 13, 2019
• There is no minimum age

Benefit calculation: the INSS calculates the average salary and then applies the social security factor, an index that takes into account age, contribution time and life expectancy for each age. The older the worker, the lower the discount applied to retirement.