Simulating retirement in a simple way is a topic that may be relevant for those who want to understand, in advance, how much they will be able to receive when they stop working. Social Security now also makes this functionality available on the cell phone application, which made this step more accessible for those who prefer to deal with these issues on their cell phone.
In practice, it is now possible to simulate the pension directly on the Social Security app, in addition to the access that already existed on the Social Security portal. The application is available free of charge on the App Store, Google Play Store and Huawei AppGallery, and the news was officially announced by Social Security on April 7th.
What the simulation shows
According to official information, the Pension Simulator allows you to calculate an estimate of the retirement value and is based on the real history of discounts and remunerations. The tool serves to roughly anticipate the expected gross value of retirement and helps citizens to have a more concrete idea of what they could receive in the future.
Social Security also indicates that the app allows you to make an automatic estimate and test retirement scenarios with different dates. The Practical Guide to Old Age Pension states that the simulator can also be used to predict the value of the pension in a future year, which reinforces the usefulness of this tool for those who want to compare several hypotheses before making decisions.
How to use without complications
The simplest way is to download the official Social Security application and authenticate yourself. The Social Security authentication service accepts entry with a Citizen Card or Digital Mobile Key, as well as with the Social Security user itself, and after that the simulator is available in the citizen’s digital environment.
Once inside the app, the big advantage is being able to do the simulation anytime and anywhere, without depending on the computer. This was precisely the point highlighted by Previdência itself in the April newsletter, highlighting that the simulator was now accessible directly on the cell phone.
What should be taken into account
Despite their practical usefulness, Social Security warns that the results are merely informative and not binding. This means that the simulation serves for guidance and planning, but does not replace the final value that will be determined when the pension is actually requested and calculated under the applicable legal terms.
As the estimate is based on the contribution history and recorded remuneration, the most prudent reading is simple: the more complete and correct the contribution career data, the more useful the simulation will be. In essence, the answer to the title is this: to simulate retirement in a simple way, just use the Social Security app or the Direct Pension portal and use the official pension simulator.
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