How much can I get if I retire with a social security account balance of 60 thousand?

How much money you can get when you retire with a social security account balance of 60,000 depends on the specific regulations of your place.

The specific amount of pension is influenced by many factors, including individual payment records, the average wage level in the city, and the pension calculation formula. Take the balance of social security account as an example. If the company provides employees with benefits of 12%-20% according to the monthly individual contribution 800 yuan, the total amount paid by individuals and companies will reach 360,000 yuan. The monthly pension after retirement will be calculated according to the income level at retirement and the local average income. For example, individuals pay 800 yuan monthly, and there is no company welfare. After retirement, they may receive about 1000 yuan per month; If there are company benefits, the monthly payment may reach 3000 yuan. But these are estimated values, and the actual amount to be collected needs to be determined according to the specific regulations of the local social security bureau.

Calculation method of social security:

1, payment period: the calculation of social security pension usually considers the individual payment period;

2. payment base: the personal payment base, that is, the salary level, is an important factor in calculating the pension;

3. Replacement rate: refers to the ratio of pension to the average salary of employees;

4. Personal account accumulation: Personal account accumulation at retirement will also affect the final pension amount;

5. Regional differences: differences in social security policies and living standards in different regions will lead to different calculation methods and standards for pensions.

To sum up, the amount of pension depends on many factors, such as individual payment records, average wages in the city and calculation formulas. Taking the balance of 60,000 social security accounts as an example, the actual monthly pension may be between 1 1,000 yuan and 3,000 yuan. The specific amount needs to be determined according to the regulations of the local social security bureau and whether the company benefits are enjoyed or not, and it cannot be generalized.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.