After 40 years of social security, how much pension can I get every month when I retire this year?

This depends on the payment time, payment amount, collection age and local consumption level. Basically everyone's is different.

endowment insurance

Ideal state of hypothetical evaluation:

Suppose you retire at the age of 65 and earn 5000 yuan a month for 40 years. Last year, the average monthly salary of employees in Beijing was 6463 yuan.

Total monthly payment = basic pension+personal account pension

Basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%

Basic pension = (6463+5000) ÷ 2× 40×1%= 2292.6 yuan.

Personal account pension = personal account storage amount ÷ personal account pension calculation and issuance months

Personal account pension =192000÷101=190/yuan.

The final monthly pension = 2292.6+1901= 4193.6 yuan.

So how much should I pay for the old-age insurance?

Take Beijing's monthly salary of 5000 yuan as an example. From the age of 25, the total payment period is 40 years. Then when you retire, you will pay:

Individual contribution is 8%×5000×40 years×12 =192000 yuan.

The unit pays 20%×5000×40 years×12 = 480000 yuan.

A total of 672,000 yuan was paid.

In order to "return to nature", at least:

67200012/4193.6 =13.35 years.

Therefore, the post-80 s and post-90 s strive to live to 79 years old so that they can earn some money from the country.

Of course, this data is a hypothetical estimate, not to mention that wages will gradually rise in the past 40 years, and the average salary of employees in the last year will definitely rise when they retire at the age of 65! Here is a simple way to estimate the basic pension. If the monthly basic salary is the same as the average monthly salary of employees in the province last year, then the basic pension that can be received after retirement = the average monthly salary of employees in the previous year ×40%.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.