Can I draw a pension and keep working in Sweden?
Yes — you may work and draw a pension at the same time, and you keep earning pension rights while you do. Pension ages now follow the target retirement age, which is 67 in 2026. Your public pension you can draw from age 64 at the earliest (the target age minus three), but the guarantee pension, housing supplement and income-pension supplement come no earlier than the target age, that is 67 — and that gap is what most people fail to plan for. The full guarantee pension in 2026 is about 11,988 kr a month before tax for a single person, requires 40 years of residence in Sweden and is reduced by other pension income. Under the Employment Protection Act you may stay in your job until the end of the month you turn 69.
📋 The rules
- Public pension from earliest age 64 in 2026
- Guarantee pension from earliest target age 67
- Full guarantee pension ~11,988 kr/month (single, before tax)
- You may work and draw a pension at the same time
- Right to stay in the job until the month you turn 69
🔓 Exceptions
- The guarantee pension is residence-based — full level needs 40 years' residence
- The guarantee pension is reduced by other pension income
- Exact age limits depend on your year of birth
⚠️ Penalties & fines
There is no penalty, but there is a price. Drawing the pension early makes the monthly pension permanently lower — the same money must last over more years, and the reduction follows you for life. And going at 64 only covers the public pension: the guarantee pension and housing supplement still do not arrive until the target age of 67, so the years in between can be thinner than expected. Wrongly paid guarantee pension or housing supplement is reclaimed, and giving false information can be judged as benefit fraud.
📎 Official sources
- Pensions Agency · Pension ages and target age →
- Pensions Agency · Guarantee pension →
- Employment Protection Act (1982:80) · Riksdagen →
❓ Frequently asked
How early can I draw a pension?
The public pension you can draw from age 64 at the earliest in 2026, that is the target age minus three years. The guarantee pension, housing supplement and income-pension supplement come only from the target age of 67.
Can I work while drawing a pension?
Yes, you may work and draw a pension at the same time. You also keep earning pension rights on your salary, so the work keeps building your pension even after the payout has started.
How long can I stay in my job?
You have the right to stay until the end of the month you turn 69, under the Employment Protection Act. That right applies whether or not you have already begun drawing your pension.
How much is the guarantee pension?
The full guarantee pension in 2026 is about 11,988 kr a month before tax for a single person. The full level requires 40 years of residence in Sweden, and the guarantee pension is reduced by other pension income.
What happens if I draw the pension early?
The monthly pension becomes permanently lower, because the same money must last over more years. The reduction does not disappear once you reach the target age — it follows you for the whole of retirement.
🔎 Common searches
What people search to land here:
- “when can I draw a pension sweden”
- “pension age 64 2026”
- “target age 67 sweden”
- “guarantee pension amount 2026”
- “work and draw pension sweden”
- “stay in job until 69”