Retirement: reform, calculation… how can you be sure of the age at which you can leave?


How do I know at what age it is possible to retire? The question is a fact, works many assets. There is today, as Planet recently explained in the context of its dossier on the pension rights of French men and women, a substantial lack of knowledge of what it is theoretically possible to claim. The latter also concerns the age of cessation of activity. Worse still: the question can be all the more confusing because there is not just one answer, as the specialized site La Retraite en Clair recently explained.

In fact, and this is perhaps where we should start, there are three legal levels that can be related to a legal starting age. The first is fixed at 62 years old and is undoubtedly the best known of French women as well as French people. The second is set at 67 and the last at 70. Summary.

That being said, the decision to retire does not depend solely on one’s age. Especially since it is likely to change, recalls Notre Temps on its site. The President of the Republic intends to gradually push back the retirement age to 65. According to the various hypotheses considered by our colleagues, the first concerned could have been born between 1966 and 1969.

In the current state of things, the amount of the pension depends on various elements. The most important of these is none other than the number of quarters assessed. However, it is not the only one, as the French administration reminds us on the public service website. The amount of the retirement pension under the general old-age insurance scheme is thus determined, it reads: “Average annual income X Pension rate X (Duration of insurance under the general scheme limited to the duration of insurance to obtain a pension at the full rate according to the year of your birth) / Duration of insurance to obtain a pension at the full rate”.

This method of calculation being established, it is then necessary to carry out its own arbitrations (is the full rate worth to toiling longer, for example?) in order to determine at what age it is possible to retire.

Two essential criteria must therefore be taken into account before knowing when it will finally be possible to retire. The legal dimension, first, which can sometimes vary depending on the reality of the professional career (early departure for a long career, for example, work in certain companies with status, etc.) but also the financial dimension.

Since the question relates to this second aspect, it is important to remember that even without having to work until the age of 67 or 70, it is possible to use tools likely to inflate the amount of remuneration times retired. This is the case of retirement savings, for example, but also of life insurance, or life insurance…