What is the retirement age in Portugal in 2024 & 2025?
- Valerie Charoux
- Nov 29, 2023
- 1 min read
Living in Portugal news - What is the retirement age in Portugal in 2024 & 2025?
What is the retirement age in Portugal in 2024?
The retirement age in Portugal in 2024 is 66 years and 4 months old.
What is the retirement age in Portugal in 2025?
The retirement age in Portugal in 2025 is 66 years and 7 months old according to data just published by the Statistics Office INE.
How much do you lose if you retire early in Portugal?
If you retire early in Portugal, there is a cut in the pension you receive. The cut in the pension received for early retirement in Portugal in 2024 is 15.8% + there is a penalty for early retirement of 0.5% for each month the pension is received in advance compared to the official retirement age for obtaining a pension. As an example, the pension cut and the penalty apply to people who want to retire at the age of 60 years old and who have completed 40 years of their contributory career.
However, for Portuguese citizens who are covered by the long contributory career regime, there is no cut in the pension received and no penalty if they want to retire at the age of 60, since their personal retirement age is calculated based on the length of their contributory career.
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