Monthly Pension Calculator

The Pension Calculator applies EPFO's specific EPS formula (salary × service ÷ 70) for government pension scheme members. This tool is a generic corpus-to-pension calculator for anyone converting a lump sum they already have into a monthly payout, at any annuity percentage and rate you choose.

That depends on your other income sources and liquidity needs — this calculator lets you test different annuitization percentages to compare the resulting monthly pension against how much lump sum you'd keep withdrawable.

Enter the rate quoted by the annuity provider or insurer for the portion of your corpus you plan to annuitize — this typically differs from your corpus's pre-retirement growth rate.

It remains available for you to withdraw or invest separately — this calculator shows it as a separate figure alongside the pension so you can see the full picture of both portions.

It uses the same idea of splitting a corpus into an annuity portion and a withdrawable portion, but here you set the split percentage yourself rather than it being fixed at 40/60 as under NPS rules.