Retirement
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Pension Calculator
Project your expected pension income once you reach retirement. Adjust any input below and your results update instantly.
Understanding your pension
The concept, the motivation, and what to watch out for.
How does a workplace pension build up?
A pension is built from regular contributions — a share of your salary, often matched by your employer — invested throughout your working years. As your salary rises, so does the rupee amount you (and your employer) contribute each month, even though the percentage stays the same.
At retirement, the accumulated corpus is converted into a guaranteed monthly pension, sized so that it pays out consistently over your chosen payout period. This calculator projects both halves of that journey — the build-up and the payout — from your salary and contribution rates.
Your employer's match is free money
An employer contribution on top of your own is a direct addition to your corpus that costs you nothing extra — it's one of the most valuable levers in a workplace pension.
Rising salary means rising contributions
Since contributions are a fixed percentage of salary, every increment automatically raises the rupee amount going into your pension fund, without you doing anything.
How this calculator helps
Enter your salary, contribution rates, and return assumptions — see your projected retirement corpus, monthly pension, and how each input changes it.
Calculate your pension
Fill in the starred fields on the left — your results update instantly on the right.
Your details
e.g. 30 years old
e.g. 60 years old
e.g. ₹60,000 a month today
e.g. 8% average annual increment
e.g. 10% of salary, as with NPS
e.g. 10% matched by your employer
e.g. 9% for a balanced pension fund
e.g. 6.5% guaranteed annuity rate
e.g. 20 years of pension payouts
How these compare
vs. typical India long-term ranges
Return while accumulating: 9%
Typical balanced pension fund: 8–10%
Annuity rate at retirement: 6.5%
Typical Indian annuity rate: 5–7.5%
These are example numbers. Edit any input on the left to see your own.
Your projected monthly pension is
₹3,78,331/mo
for 20 years, from age 60
Retirement corpus
₹5.07 Cr
Total contributed
₹1.63 Cr
Corpus vs. pension received that year
Corpus balancePension that year
Year-by-year breakdown
"Building" means you’re still contributing; "Paying out" means your pension has started.
AgeCorpus balancePension that yearStatus
30₹0₹0
Building
0% of retirement corpus, so far
38₹21.52 L₹0
Building
4% of retirement corpus, so far
46₹83.94 L₹0
Building
17% of retirement corpus, so far
54₹2.46 Cr₹0
Building
48% of retirement corpus, so far
62₹4.81 Cr₹45.40 L
Paying out
95% of retirement corpus remaining
70₹3.33 Cr₹45.40 L
Paying out
66% of retirement corpus remaining
78₹84.93 L₹45.40 L
Paying out
17% of retirement corpus remaining
80₹0₹45.40 L
Depleted
0% of retirement corpus remaining
Compare scenarios
See how a bigger employer match or retiring later would move your monthly pension.
Your plan
10% employer · age 60
₹3,78,331/mo
Monthly pension
Baseline
Employer +5%
15% employer · age 60
₹4,72,914/mo
Monthly pension
+₹94,583/mo
Retire +2y
10% employer · age 62
₹4,77,119/mo
Monthly pension
+₹98,788/mo
Worked example, using your numbers
A step-by-step walkthrough of how your salary becomes your monthly pension.
Step 1 · Combined contribution
₹60,000/mo salary, contributing 20% combined (yours + employer’s), growing at 8%/yr
₹12,000/mo
Step 2 · Corpus at retirement
Compounding at 9%/yr over 30 years, that becomes
₹5.07 Cr
Step 3 · Monthly pension
Annuitized over 20 years at 6.5%/yr, that becomes
₹3,78,331/mo
✓
Your ₹5.07 Cr retirement corpus becomes a guaranteed ₹3,78,331/mo pension for 20 years.
Personalised insights
What your numbers reveal, and what changing them would do.
Your salary and contributions project to a ₹5.07 Cr corpus by age 60
Together you and your employer contribute ₹1.63 Cr over 30 years, growing to that corpus at a 9% return.
That corpus pays you ₹3,78,331/mo for 20 years
You'll receive ₹9.08 Cr in total pension payouts, annuitized at a 6.5% rate.
A 5% higher employer match would raise your pension to ₹4,72,914/mo
Employer contributions of ₹1.22 Cr instead of ₹81.56 L compound alongside your own, at no extra cost to you.
Retiring 2 years later would raise your pension to ₹4,77,119/mo
Two extra years of contributions and compounding, plus two fewer years drawing down, both push your monthly pension higher.
How this is calculated
Every step of the math behind your result, shown in the open.
This month's contribution
S_0 = current monthly salary, g = annual salary growth, y = year index, e = your contribution %, r = employer contribution %, C_m = this month's total contribution
Your salary (S_0) grows once per year at rate g. Each month, your combined contribution rate (your share e plus your employer's match r) is applied to that year's salary.
Example: ₹60,000/mo salary growing at 8%/yr, contributing 20% combined
Your corpus at retirement
B_prev = previous month's corpus, r_m = monthly accumulation return, C_m = this month's contribution, B_m = this month's corpus
Each month, last month's corpus grows at the accumulation return, then that month's contribution is added — repeated every month until retirement.
Example: Contributions compounding at 9%/yr over 360 months → ₹5.07 Cr at retirement
Your monthly pension
B = corpus at retirement, r_a = monthly annuity rate, N = pension payout months, P = monthly pension
Your retirement corpus (B) is converted into a fixed monthly pension (P), sized using the same fixed-payment annuity math as a loan EMI, so it's fully paid out after N months.
Example: ₹5.07 Cr paid out over 20 years (240 months) at 6.5%/yr → ₹3,78,331/mo
Assumptions
- Your salary — and so your contribution amount — grows once a year at a constant rate.
- The accumulation return and annuity rate each stay constant across their respective phases.
- Figures are indicative and pre-tax — not financial advice.
Did you know?
A few facts behind pensions and employer contributions.
Match
An employer match is an instant return on your contribution
If your employer matches your contribution rupee-for-rupee, that's effectively a guaranteed return before your investments even start earning anything.
%
Fixed contribution rates scale with your career
Because contributions are set as a percentage of salary, your pension fund automatically receives larger monthly contributions as your career progresses — no manual adjustment needed.
EMI
A pension payout is a loan EMI in reverse
Both use identical fixed-payment math — a loan pays down a balance you owe, while a pension pays out a balance you're owed, at the same underlying formula.
Early
Starting even a few years earlier compounds significantly
Because contributions compound for longer, joining a pension scheme a few years earlier in your career can meaningfully raise your final corpus, beyond what the extra contributions alone would suggest.
Frequently asked questions
Straight answers to the questions we hear most about pensions.
How is my pension corpus projected?
Every month, a percentage of your salary (yours plus any employer match) is added to your pension fund, which also earns a return. Your salary — and so your contribution amount — rises once a year with your assumed increment, right up to retirement.
How is my monthly pension calculated from the corpus?
Your retirement corpus is converted into a fixed monthly payout sized so that, combined with the annuity rate it keeps earning, the balance is fully paid out by the end of your chosen payout period — the same math as a loan EMI, just in reverse.
Why is the annuity rate usually lower than the accumulation return?
Once your pension starts paying out, the priority shifts from growth to guaranteeing a stable, predictable income — so pension providers typically invest more conservatively during the payout phase than during accumulation.
Does employer contribution really matter that much?
Yes — an employer match is contributed on top of your own money at no extra cost to you, and compounds for the same number of years as your own contributions, often adding up to a substantial share of your final corpus.
Does this account for taxes?
No, figures here are indicative and pre-tax. Actual pension contributions and payouts are subject to tax rules that vary by scheme — check the specific rules for your pension plan.
Is this financial advice?
No. This tool provides indicative estimates based on your assumptions. Consult a certified financial advisor before making retirement planning decisions.
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Learn more
Articles to go deeper on the ideas behind this calculator.
Fundamentals
How workplace pensions build up in India
EPF, NPS, and employer-matched contributions, explained.
6 min read
Strategy
Why an employer match is worth chasing
How free employer contributions compound alongside your own.
5 min read
Comparison
Pension vs annuity: what's the difference?
How building a pension and buying an annuity relate to each other.
5 min read