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2025 Data

Retirement at 62 vs 64: What impact on your pension?

Last updated: January 2026
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Retirement at 62 vs 64: What impact on your pension?

The pension reform makes you work 2 more years. But do you really earn more?

Side-by-side comparison

Retirement at 62

Former legal age. Fewer contributions, but more time to enjoy.

Pay-as-you-go pension1 566 €/m
Funded annuity22 953 €/m
Final capital6 886 038 €
Monthly loss-21 388 €

Retirement at 64

Better

New legal age. More contributions, theoretically higher pension.

Pay-as-you-go pension1 913 €/m
Funded annuity29 338 €/m
Final capital8 801 444 €
Monthly loss-27 425 €

The verdict

Retirement at 64

generates 6 385 € more with funded system

Difference

6 037 €/m

Capital gap

1 915 406 €

Pension gap

348 €/m

What it means

This comparison illustrates the concrete impact of retirement at 62 vs retirement at 64 on your retirement. Whether you choose one or the other, the pay-as-you-go system loses you money. The real question is: how much exactly are you losing?

Frequently Asked Questions

Retirement at 62 or Retirement at 64: what's the retirement difference?▼
The pension difference between retirement at 62 and retirement at 64 is 348 €/month with pay-as-you-go. With a funded system, the capital gap reaches 1 915 406 €.
Which scenario is more advantageous?▼
In terms of potential monthly annuity with a funded system, Retirement at 64 generates 29 338 €/month, which is 6 385 €/month more.
What is the methodology for this comparison?▼
We use URSSAF 2025 rates, a 6% yield adjusted for inflation, and a 20-year retirement life expectancy. Calculations assume a full career.

Other comparisons

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Executive vs Non-executive

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Pay-as-you-go (current) vs Funded

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Minimum wage vs Median salary

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Start at 25 vs Start at 35

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Our methodology

Comparison based on URSSAF 2025 rates, 6% yield (inflation-adjusted), and 20-year retirement life expectancy. Calculations assume a full career and constant salary.

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