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Korean National Pension Calculator

Estimate monthly NPS old-age pension from subscription period and average income

※ This is a simplified estimate. For an accurate projection, visit nps.or.kr.

💡 Korean National Pension Tips

  • Minimum subscription: 10 years to qualify for an old-age pension
  • Benefit start age: 65 for those born 1969 or later
  • Early receipt: up to 5 years early with 0.5%/month reduction
  • Deferred receipt: up to 5 years late with 0.6%/month increase

Frequently Asked Questions

At what age can I receive Korean National Pension?

Age varies by birth year: before 1952 → 60; 1953–56 → 61; 1957–60 → 62; 1961–64 → 63; 1965–68 → 64; 1969 and later → 65.

What is the premium rate?

9% of income in 2026. For workplace subscribers, employer and employee each pay 4.5%. Self-employed pay the full 9% themselves.

How is the pension calculated?

The official formula is: Pension = 1.2 × (A + B) × (1 + 0.05n/12), where A = NPS average income, B = your personal average income, and n = months subscribed. This calculator uses a simplified annual estimate.

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