Pension Calculator - LokSevaPortal

Retirement & Pension Calculator

Plan your retirement corpus like a pro. Calculate your total wealth, tax-free lumpsum, and expected monthly pension. Includes an advanced Inflation (Mehangai) adjuster to show the real value of your future pension.

📊 Investment Details

Current Age

30 Years

Retirement Age

60 Years

Monthly Investment (₹)

₹5,000

Expected Return Rate (% p.a.)

12%

🏦 Pension Setup (NPS Style)

Corpus for Pension (Min 40% for NPS)

40%

Annuity Return Rate (Expected Pension %)

Retirement Wealth

Invested

Wealth Gained

Total Corpus

₹0

Invested: ₹0

Cash in Hand (Lumpsum)

₹0

Tax-free withdrawal amount

Monthly Pension
₹0 / mo
Lifetime monthly payout

💡 Real Value Check: Assuming 6% average inflation, your monthly pension of ₹0 will have the purchasing power of exactly ₹0 in today's money.

📈 Wealth Accumulation Schedule

Year by year growth

Age	Year	Total Invested	Wealth Gained	Total Corpus

How Does the Pension Calculator Work?

This advanced calculator uses the power of compound interest to estimate your retirement corpus. It assumes you make investments at the beginning of each month (SIP style). The formula used is:

FV = P × [((1 + r)^n - 1) / r] × (1 + r)
Where P = Monthly Contribution, r = Monthly Return Rate, n = Total number of months.

The NPS (National Pension System) Rule

In India, schemes like NPS require you to use a minimum of 40% of your final corpus to purchase an Annuity (a life insurance product that pays you a fixed monthly pension). The remaining 60% can be withdrawn as a tax-free lumpsum. Our calculator allows you to adjust this ratio to see how it affects your monthly cash flow during retirement.

Frequently Asked Questions

Inflation (mehangai) reduces the purchasing power of money over time. Even at a modest 6% inflation rate, the value of money halves roughly every 12 years. Our calculator shows you the "Real Value" of your future pension in today's terms so you can plan a realistic retirement lifestyle.

When you retire, you give a lump sum amount to an insurance company in exchange for a regular pension. The Annuity Rate is the interest rate they offer on that amount. Currently in India, annuity rates hover between 5.5% to 7% depending on age and policy type.