“Korea will go the same way as Japan” | The claim that older Japanese people on pensions of 200 units of ten thousand won all went bankrupt (Park Young-jae, full interview) #RetirementBankruptcy #Retirement #LeavingWork

An independent exercise, not a statement by the video creator or verification of every claim in the video.

Calculate monthly shortfalls before and after pension payments begin

Assume a household retires 4 years before its first public pension payment. Essential expenses are 2,200,000 won per month and work income is 1,000,000 won per month for the first 2 years only. The shortfall is 1,200,000 won per month for the first 24 months, totaling 28,800,000 won. The next 24 months require 2,200,000 won per month, totaling 52,800,000 won. The household needs 81,600,000 won in total before the first pension payment. Once the net pension deposit reaches 1,500,000 won per month, the monthly shortfall is 700,000 won. Calculate the reserve needed before the pension begins separately from the recurring gap after it begins.

Check for yourself

1. If earnings end early, in which period does the shortfall increase, and by how much?
2. How would the monthly gap after the pension starts change when a loan is paid off or care expenses begin?

Limits of application

This is a simplified hypothetical household budget. It assumes constant amounts within each phase and excludes inflation, investment returns and one-off expenses.