Social security personal account has 150,000, how much to retire?

Social security personal account has 150,000, the specific amount of retirement pension, need to be based on the average salary of the year before the place of retirement plus personal account funds in accordance with the average distribution of 120 months, plus some of the composition of the calculation of the length of service, the total amount of personal pension, theoretically, in accordance with the average income of the local plus 1300 yuan or so, that is, you can receive the pension. Individual account pension = the accumulated savings in the individual account of the insured person at the time of retirement ÷ the number of months of payment 3, the transitional pension monthly standard to my indexed average monthly wages as the basis, "united accounts" before the contribution period of every year 1.2%.

I. Retirement conditions:

1. Men who have reached the age of 60 and women who have reached the age of 50, with 10 years of continuous service;

2. Those who are engaged in underground, high-altitude, high-temperature, particularly heavy physical labor or other work harmful to health, with men who have reached the age of 55 and women who have reached the age of 45, with 10 years of continuous service. This provision also applies to the working conditions and workers with the same grass-roots cadres;

3, men reaching the age of 50, women reaching the age of 45, with 10 years of continuous service;

Two, the procedures for retirement:

1, the declarant is ready to ID card, household registration, photographs and declaration of the relevant materials of the retirement;

2, the applicant to the unit, declare, the Enterprises exist to enterprises, the unemployed to the jurisdiction of the Employment Bureau to declare;

3, enterprises, the Employment Bureau to the local human resources and social services departments to declare;

4, qualified, the file is transferred to the local social security bureau, the social security bureau is responsible for the approval of the treatment;

Legal basis:

"The People's Republic of China **** and the State Social Insurance Law" Article 16 Individuals participating in the basic old-age pension insurance Article 16 Individuals participating in basic old-age insurance shall receive a basic pension on a monthly basis if they have accumulated fifteen years of contributions by the time they reach the statutory retirement age. Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the legal retirement age may contribute until they reach the full fifteenth year and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or the urban residents' social old-age insurance, and enjoy the corresponding old-age insurance treatment in accordance with the provisions of the State Council.