All the examples will be based on the same case, the only variation will be the amount of the voluntary contributions. To do this, we will take as a starting point the assumption of a person who will opt for a scheduled withdrawal and meets the following characteristics:
- Age: 25 years
- Planned retirement age: 65 years
- Time contributing: 3 years
- Savings in the AFORE up to this moment: 10,000 pesos
- Monthly salary: 7,000 pesos (the average salary in Mexico is 7,380 pesos according to Inegi)
- Months of work per year: 12
Under this scheme, savings without contributions would be 1 million 280,149.08 pesosthe equivalent of an average monthly payment of 6,506.52 pesos.
Voluntary contribution of 100 pesos
Under this assumption, the savings upon reaching age 65 would be 1,406,479.81 pesos; This means that the beneficiary would receive a monthly pension of 7,148.62 pesos on average.
Voluntary contribution of 200 pesos
If we jump to the next denomination of bills in circulation in Mexico as a monthly voluntary contribution, the total savings would be 1 million 532,810.54 pesos. This means that the retired worker would receive an average monthly pension of 7,790.71 pesos.
Voluntary contribution of 500 pesos
In this case, there is already a significant increase: the savings would rise to 1 million 911,802.73, which is equivalent to an average monthly pension of 9,716.99 pesos.
Voluntary contribution of 1,000
Voluntarily contributing twice as much as in the previous example, the final savings add up to 2 million 543,456.37 pesos; that is, an average monthly pension of 12,927.45 pesos.
Voluntary contribution of 1,500 pesos
Finally, if the worker in the example chose to contribute 1,500 pesos per month, his savings for age 65 would be 3 million 175,110.01; with what he would be receiving on average per month about 16,137.92 pesosthat is, 9,631.40 pesos more than if he did not make any contribution.