I say ‘in Germany’ because there’s where I reside, a welfare state.
We don’t have 401K here, but public retirement systems, mandatory.
My employer also matches what I put in a small state pension system up to 50 euros. Not really much, better than nothing.
What number do I have to reach for a decent retirement? Retirement age: 67 years old.
Is it enough to save or do I have to invest?
They send a letter once per year with a summary and an estimation of how much your pension will be if you keep contributing the same amount. Not sure how that takes inflation into account, €2k in 2025 will not have the same value in 2055, but yeah …