A retirement by age It was once one of the main means of retirement in Brazil, but after the Pension Reform, several points to obtain this benefit were modified.
In this sense, other forms of retirement have become more viable, and it is essential that citizens know all the details about the subject to find out the most interesting option in their case.
Based on our post, you will be able to find out all the details about retirement based on the citizen's age, including updated data for 2024, so check it out!
What is old age retirement
A retirement by age It is one of the types of retirement provided for in the Brazilian social security system. It is aimed at workers who reach a minimum age established by law and who have contributed to the INSS for a minimum period.
The idea behind this modality is to guarantee an income for workers who have already reached an age in which their work capacity may be reduced, in this way they receive a monthly amount to cover their expenses.
In 2019, the Pension Reform was approved and brought numerous changes to this type of retirement, one of the main ones being that workers can no longer retire solely based on contribution time.
Who is entitled to retirement due to age?
To be entitled to retirement by age, it is necessary to meet some specific requirements. Are they:
- Minimum age: the minimum age to apply for old-age retirement varies according to the worker's year of birth. Currently, the minimum age of retirement age woman is 62 years and 65 years for men;
- Contribution time: the sum of the worker's age and contribution time must be 91 points for women and 101 points for men;
- Grace period for rural workers: for rural workers, the grace period is reduced to 180 months of contribution, the equivalent of 15 years. Furthermore, the minimum age is 55 for women and 60 for men;
- Regularity of contributions: it is essential that the worker keeps their contributions up to date to be entitled to the benefit. Delayed contributions may negatively impact the calculation of the retirement amount.

How to calculate the retirement amount
The value of retirement by age is determined based on an average of contributions made throughout the worker's life. This calculation takes into account the value of all contributions made since July 1994.
The INSS itself openly discloses the value of workers' retirement. In the calculation, retirement will be 60% of the average of all contributions made after 1994.
It is important to remember that the retirement amount cannot exceed the ceiling established by the INSS, which is updated annually. In 2022, the retirement ceiling is R$7.507,49.
Planning for retirement
Now that you know the main information about retirement by age, here are some important tips for effective planning:
- Define your goals: Set clear goals for retirement, such as your desired lifestyle and expected expenses. This will help determine the amount needed to ensure a comfortable retirement;
- Start saving early: the sooner you start saving, the longer your money will have to grow through investments. The power of compound interest is significant over time;
- Diversify your investments: distribute your investments across different asset classes, such as bonds, shares, real estate funds and private pensions. This helps reduce risk and increase return potential;
- Consult a professional: Seek guidance from a financial advisor or retirement planner. They can help create a personalized plan based on your specific circumstances;
- Review your plan regularly: As your life and goals change, it's important to adjust your retirement plan. Carry out periodic reviews to ensure you are on the right track;
- Consider private pension: Evaluate the possibility of investing in a private pension plan to complement your INSS retirement.
Final considerations
A retirement by age It is an important type of social security benefit in Brazil, guaranteeing a minimum income for workers who reach the minimum age and the need for contributions.
To calculate the value of retirement, it is essential to understand the steps involved and consider the social security factor. To obtain more detailed information about the old-age retirement process, it is recommended to seek guidance from the INSS or to a professional specialized in social security.
It is essential to plan your financial future and retirement, ensuring aging safely and peacefully.
See also how the by disability retirement!