Pension Calculator

Your Age


Contribute Per Month

Expected Return(P.a)


Like to purchase Annuity for


Annuity duration


Expected Annuity rate


Monthly Expected Pension


Annuity Value


Lumpsum Value


What is a Pension Calculator?

A pension calculator is an online calculator that helps you calculate the amount of pension you will receive from your pension fund after retirement. It depends on age, salary, contributions made, type of pension scheme, and more.

You can use a pension or retirement calculator to see how much money you’ll have in retirement or how much additional income will be ready at your disposal after retirement. You can use Navi’s pension calculator to get financial clarity on how much money you could end up with post retirement.

How Does a Pension Calculator Work?

Using a retirement calculator could be a great way to ensure that you’re saving enough money for retirement. It could also help you determine how much money is needed in order for your pension plan to provide an adequate income stream.

The calculator is designed to calculate the amount of pension you would receive based on your age, salary, income growth rate, savings history, monthly expenses, etc.

What Formula is Employed for Calculating Pension under EPS?

Under the Employee Pension scheme, the formula for calculating pension is
Average Salary x Pensionable Service / 70, where

“Average Salary” refers to the average (Basic Salary+DA) over the previous 12 months.

For example, assume that your average salary under EPS is ₹10,000 and the maximum pensionable service is 35 years. Then, the maximum pension becomes ₹5,000 per month.
The number of years worked in the organised sector after November 15, 1995, is referred to as pensionable service. (A different formula will apply to employees hired before November 15, 1995.)

Advantages of Using Navi Retirement Calculator

Here are some of the advantages of Navi’s pension calculator:

User-friendly design

Intuitive and user-friendly design facilitates quick and easy calculation

Plan your retirement better

Know how much you would need to save for your retirement and plan accordingly


No lengthy manual calculations. Just enter the details and get results in a matter of seconds

Frequently asked questions

A pension is a fund that receives contributions from employees, employers and/or the government throughout the employee’s employment to create a corpus for retirement. These payments may be dependent on additional considerations, such as disability or death benefits, in addition to the length of service and age at retirement.

Your company and the government contribute to your pension under EPS. According to the law:

  • Your employer matches your EPF contribution, and 8.33% of that amount goes to EPS.
  • The government of India contributes 1.16% of your Average Salary (Basic Salary + DA)
Only if you joined the Employees’ Pension Scheme 1995 after November 16, 1995, are you entitled to receive a pension under EPS. You must have made 10 years of active contributions to the EPS account, whether you worked for one employer or several, to be eligible for a pension.
The amount received would vary depending on several factors like your retirement age, contribution during earning years, pension scheme, and more. You could use a retirement calculator to check the same.
Disclaimer : Navi does not guarantee accuracy, completeness or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User’s own risk.


Pension Funds In India: Benefits, Taxation & Types Of Pension Funds

May 31

Pension Funds In India: Benefits, Taxation & Types Of Pension Funds

Want to know about pension funds in India? Click here for a complete guide on the types of pension funds, benefits & other implications!

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