Retirement Pay Calculator
These utilities are provided by Util Monster (util.monster) -
util.monster
β» Based on 2025
Purpose of This Calculator
Calculates statutory severance pay according to Korean labor law. Enter your start date, end date, and average salary to check your estimated retirement pay.
Retirement Pay Results
Employment Period
0Y 0M 0D
Daily Average Wage
100,000KRW
30-Day Average Wage
3,000,000KRW
Estimated Retirement Pay
0KRW
Calculation Method
Formula:
Retirement Pay = (Daily Average Wage Γ 30) Γ (Total Days Γ· 365)
Eligibility:
β’ Minimum 1 year of continuous employment
β’ Average 15+ hours per week over 4 weeks
β’ Applies to regular, contract, and part-time workers
Daily Average Wage:
β’ Total wages paid in last 3 months Γ· Total days in that period
β’ Includes bonuses and allowances
Important:
β’ Actual retirement pay may vary based on company policy
β’ Interim payments are excluded from calculation
β’ This calculator uses general statutory standards
β οΈ This calculator is based on South Korean labor law