complete guide to understand and take advantage of its benefits


In Spain, the retirement system has changed recently. The set age For this purpose, it may be altered depending on the contribution circumstances of each individual. It is possible to access early retirement, and enjoy all its benefits, if certain requirements are met.

What exactly is early retirement?

The early retirement refers to the possibility of accessing the job retirement before the established legal age. This process entails certain conditions and requirements that the applicant must meet to enjoy its benefits.

Benefits of opting for early retirement

To the retire Before, you get greater freedom to dedicate time to personal activities, hobbies or even undertake new projects. These years earlier, reducing work stress can have positive effects on health, especially at older ages.

However, it should be noted that although there may be a reduction in the amount of the monthly payment. It is possible that, in certain cases, the total received during the entire retirement period is higher than that of the ordinary retirement.

Requirements and conditions

Not everyone can access early retirement. There are certain criteria, such as:

  • Years quoted: The applicant must have contributed for a minimum of 35 years.
  • Age: Although it is an “early” retirement, it is still required to have a minimum age
  • Reason: There are situations, such as collective layoffs, that can facilitate access to this type of retirement.

Economic aspects to consider

The early retirement entails certain economic repercussions as payment reduction. When opting for this modality, it must be taken into account that the monthly payment is usually less than that of ordinary retirement.

However, the cost effectiveness in the long term it is higher. Despite receiving a smaller amount monthly, adding all the payments during the retirement period can be beneficial.

How to calculate my pension in case of early retirement?

It is essential to obtain adequate information before making a decision. Online tools and simulators Offered by entities such as the INSS allow obtaining an estimate of the payment that would be received under this modality.

Tips before deciding

Before opting for the early retirement, it is important to be adequately informed and consult with experts. Additionally, use available calculation tools.

Early retirementIt is not the best option for everyone. It is crucial to evaluate the economic situationwork and personal before making a decision.

The worker must ensure that he has a solid financial strategy for retirement is essential, regardless of the retirement modality chosen.

The early retirement It is a tool that, under certain conditions, can offer significant benefits. However, it is essential to educate yourself and plan properly to ensure it is the best decision based on individual circumstances. With the right information and careful planning, it is possible to take full advantage of the advantages that this modality offers.

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