--- title: "India retirement calculator with EPF and NPS | AumnI tools" description: "Project your EPF, NPS and other savings against the retirement income you want, with 12% employee and employer EPF contributions, and see the shortfall." url: https://aumnitools.com/in/tool/retirement-planning-calculator category: "Financial" country: "India" updated: 2026-11-08 --- # Retirement Planning Calculator India has no universal state pension, so retirement income rests on the Employees' Provident Fund, the National Pension System and your own savings. This calculator grows your balance and monthly deposits to your retirement age, adds EPF contributions from your salary, inflates the income you want, and shows the pot needed in rupees. ## India rules and figures - India has no universal state old-age pension. Part of the employer's EPF contribution goes to the Employees' Pension Scheme (EPS). - EPF contributions are 12% from the employee and 12% from the employer, on basic wages plus dearness allowance. - The employee's 12% goes entirely to EPF. Of the employer's 12%, 8.33% goes to the pension fund (EPS) and 3.67% to EPF. - The Central Government adds 1.16% to the pension fund, subject to the wage ceiling, and the EPS share is capped at that ceiling. - NPS is open to citizens aged 18 to 70 under the All Citizen model. Employer NPS contributions are optional. Sources: [EPFO: EPF Scheme](https://pmvbry.epfindia.gov.in/epf-scheme/) (checked 2026-11-08); [EPFO: Employee Pension Scheme (EPS)](https://pmvbry.epfindia.gov.in/pension-scheme-eps/) (checked 2026-11-08); [PFRDA: NPS All Citizen Model FAQs](https://pfrda.org.in/w/faqs/nps-all-citizen-model) (checked 2026-11-08); [PFRDA: NPS Corporate Model FAQs](https://pfrda.org.in/w/faqs/corporate-model) (checked 2026-11-08) ## How the retirement planning calculator works Your savings and deposits compound monthly at the return you enter. The income you want is raised by inflation, and because there is no state pension to subtract, the whole amount is divided by 0.04 to give the pot required. The EPF boxes add salary-based contributions to your monthly total. Formula: `pot required = wanted income × (1 + inflation)^years ÷ 0.04, against balance × growth + (deposits + EPF) × annuity factor` - No retirement age is fixed by a state pension, so the tool starts at 65 and you can change it. - With a salary entered, each contribution box opens at 12%, matching the EPF rates for employee and employer. - Part of the employer's share goes to the pension scheme (EPS), not the provident fund, but the tool grows all contributions at one rate. - Starting amounts are scaled for rupees, and results use lakh and crore grouping. - Results are in future rupees. Compare the monthly income shown with the inflated target. ## How to use the retirement planning calculator 1. **Enter your ages.** Enter your present age and your target retirement age. The second box opens at 65 since India has no universal state pension age. 2. **Add your balance and deposits.** Enter the total of EPF, NPS and other retirement savings, and anything extra you add monthly. 3. **Add EPF contributions.** Enter yearly basic pay plus dearness allowance and check the 12% rates. 4. **Set return, inflation and income.** Set return and inflation assumptions and the yearly income you want, priced at current rupee levels. 5. **Read the shortfall.** See how the projected balance stacks against the pot required, then read Analysis for the top-up per month. ## Example: Age 32 to 60 with ₹6,00,000 basic pay, ₹8,00,000 saved and ₹15,000 a month at 8% EPF contributions on the salary come to ₹12,000 a month, so with the ₹15,000 a total of ₹27,000 is invested monthly for 28 years. The ₹8,00,000 becomes ₹74,59,011 and the deposits add ₹3,37,11,242, so the balance at retirement is ₹4,11,70,253. A ₹10,00,000 goal with 5% inflation becomes ₹39,20,129, The pot required is therefore ₹9,80,03,228, which leaves a gap of ₹5,68,32,976 and needs about ₹45,519 more each month. Without the EPF contributions, the shortfall would be ₹7,18,15,750. ## When to use the retirement planning calculator - **Seeing what EPF adds.** Enter your basic pay to watch the 12% and 12% lift the monthly deposit. - **Testing retirement at 58, 60 or 65.** Change the age to see how each year changes the balance and the target. - **Adding NPS.** Include NPS in the savings and monthly boxes to see what it does to the gap. - **Judging inflation risk.** Try 4% and 6% inflation to see how much the pot required moves. ## What the retirement planning calculator does not do - No state pension is included, and the EPS pension is not estimated, because eligibility and amounts were not checked. - All contributions are grown at one return, although the employer's pension share goes to EPS and does not build a balance. - Tax rules for NPS under section 80CCD differed between sources, so no deduction is applied. - The same return and inflation rates are used year after year, with a fixed 4% withdrawal. - The wage ceiling on EPS is not applied, so enter basic pay with that in mind. ## When something else is a better fit - **When you want a growth projection alone**, use the [Investment Return Calculator](https://aumnitools.com/tool/investment-return-calculator.md). - **When you are working toward a savings figure**, use the [Savings Goal Calculator](https://aumnitools.com/tool/savings-goal-calculator.md). - **When you need your EPF balance or pension entitlement**, use the EPFO member passbook and your employer. ## Questions about the retirement planning calculator ### Is there a state pension in India? There is no universal state old-age pension. A part of the employer's EPF contribution goes to the Employees' Pension Scheme, and the tool does not estimate it. ### What are the EPF contribution rates? 12% from the employee and 12% from the employer. The employee's 12% goes to EPF; of the employer's 12%, 8.33% goes to EPS and 3.67% to EPF. ### Who can join NPS? Citizens aged 18 to 70 under the All Citizen model. Employer NPS contributions are optional. ### What extra monthly amount does the example call for? About ₹45,519, found by spreading the ₹5,68,32,976 gap across 336 monthly deposits growing at 8% a year. ### Why does the EPF boost change the shortfall so much? At 24% of ₹6,00,000, the contributions add ₹12,000 a month for 28 years, which lifts the final balance from ₹2,61,87,479 to ₹4,11,70,253. ## Related tools - [Investment Return Calculator](https://aumnitools.com/tool/investment-return-calculator.md): Projects an investment from a starting sum and monthly contributions, with real value - [Savings Goal Calculator](https://aumnitools.com/tool/savings-goal-calculator.md): Works out the monthly deposit needed to reach a savings goal by a set date - [Compound Interest Calculator](https://aumnitools.com/tool/compound-interest-calculator.md): Project savings growth with deposits, compounding frequency, inflation and a chart ## About this page Runs in your browser: what you enter is processed on this device and is not uploaded. Estimates for planning only, not financial, tax or legal advice. Check figures that matter with a qualified professional. Last checked against the tool's code on 2026-11-08. Interactive version: https://aumnitools.com/in/tool/retirement-planning-calculator