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Cake day: March 13th, 2025

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  • So if you start your work life at 16 and retire at 67, that will give you 51 years working, 14,5 years in retirement and 16 years as a child. That is the “best” case here in Germany, most people won’t work that long, other countries have lower retirement ages and many people are doing additional schooling and university. But even that means that you have to put away / pay into retirement fund 14,5/51 = 28% of your income during your work life to support your retirement.