This calculator simulates a saving plan, where the paid capital is guaranteed at
time of retirement, in the Germany market available as Riester-Rente and supported
by federal bonus payments and tax benefits.
It is possible to select different capital guarantee mechanisms:
- The return distribution of a Classical Insurance Strategy with investments in the
actuarial reserve fund
- CPPI strategy
- Stop Loss strategy
The federal bonus payments are calculated based on your personal situation (income,
To model the distribution we use a jump diffusion model parameterized to resemble
the MSCI World index and a Hull White generalized Vasicek Model, calibrated to the
current yield curve, for the interest rate process.
It can also be analyzed how fee structures typically included in these products
affect the performance of these savings plans.
See Pdf (German
Version) | See Pdf (English
If you need a more detailed analysis of a certain contract with fee structure
and/or guarantee mechanism not provided here or different modeling assumptions please
contact us. We can provide this as a consultancy service!