Pension Calculator 

Pension calculator helps you calculate the amount you could invest towards a retirement plan. Based on a regular monthly contribution, this calculator helps you calculate the lump sum amount you could save for the retirement days up to the age of 60 years.

  • Peaceful Post-Retirement Life

  • Tax Free Regular Income

  • Wealth Generation to beat Inflation

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Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000

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We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

What is a Pension Calculator?

An online calculator is a useful tool that help plan for a comfortable retirement. It assists in determining the essential amount of savings for the future and provides a plan to achieve that goal. A basic online pension calculator in India has the following fields:

  • Personal Details - Such as your date of birth, your expected retirement age, and your accommodation time by the time you will be retired.

  • Income Details - Such as your current annual salary.

  • Savings Details - How much are you saving every year is asked in this field.

Based on these details, a calculator provides its assessment related to your monthly pension requirement and the amount that you may need to achieve the same.

Note: Most of the calculators give you the option to edit the growth of your annual income; you can select/ edit the same. You can also fill the option of growth in your savings annually before calculating the pension.

Benefits of Pension calculator 

It is one of the most valuable tools available online that can help individuals estimate how much money they will have available for their retirement years. Here are some of the benefits of using a retirement calculator:

  • Helps with retirement planning: A pension calculator can help individuals plan for their retirement by giving them an estimate of how much money they will have available to support their lifestyle during retirement.

  • Assists with goal setting: By using a retirement calculator, individuals can set realistic retirement savings goals and track their progress towards achieving them.

  • Allows for scenario testing: It allow individuals to input different scenarios, such as varying retirement ages or contribution amounts, to see the impact they will have on retirement savings.

  • Increases retirement readiness: By using it, individuals can better understand their retirement needs and be more prepared for their future.

  • Helps with investment decisions: Retirement calculators often provide investment recommendations that can help individuals make more informed investment decisions to maximize their retirement savings.

  • Encourages regular savings: They can motivate individuals to save more regularly, as they can see the impact of increased savings on their retirement funds.

Overall, using a retirement calculator can be a valuable tool for anyone looking to plan for their retirement and secure their financial future.

Steps to Use Pension Calculator?

In a calculator, all you have to do is fill in the following fields:

  • Start by visiting the Policybazaar website and navigating to the retirement or pension calculator page.

  • Input your personal information such as age, and monthly expense income. 

  • The calculator will process your information and provide you with the results of your monthly and annual pension amounts.

  • You can adjust the input values and run the pension calculator multiple times to compare the results and choose the best pension plan that suits your requirements.

  • You can also compare different pension plans available on the Policybazaar website and choose the one that meets your retirement goals and budget.

  • Once your pension plan is activated, you can start contributing to it and ensure a financially secure retirement.

Based on the above-mentioned data provided by you, PolicyBazaar’s best Pension Plan calculator will provide the monthly pension that you may need after your retirement.

Example of Using the Pension Calculator 

For example: If your date of birth is 02nd April'1985 and you have selected your retirement age as 60 years. Your yearly income is Rs.5,30,000 and your yearly savings are Rs.20,000. By your retirement age, you will be living in rented accommodation. 

By filling these details, the pension calculator will give the following details -

  • You will be retiring in - 2045! By then

    • You will be earning Rs.18,84, 506 per annum with assumed growth @ 5% (you can edit this percentage and recalculate)

    • Your savings will grow to Rs.71,113 per annum with assumed growth @ 5% (you can edit this percentage and recalculate)

  • The assessment of the best pension plan calculator in India:

    • For your post-retirement years, you will need a monthly pension of Rs.86,373 (you can view the calculation details)

    • For the above requirement, you need to invest Rs.11,416 monthly (you can understand the reason for the same as well by clicking the relevant button).

In order to know more, you can add the above-mentioned details in the Retirement Calculator according to your requirements 

Secure Your Retirement Today
Start Investing ₹6,000/month
Get Pension ₹60,000/month+
Including Life Cover
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Pension Plans
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Why Retirement Planning is Important?

  • Increased life Expectancy 

  • Insufficient Employer Funded Pension

  • Individualism

  • Social Security System

  • Contribution to Family

  • Pursuit of Interests


Using a pension or retirement calculator can be an effective way to determine the amount of money required to maintain a comfortable retirement lifestyle. The calculator can help you plan for retirement by considering various factors such as your age, income, expenses, investments, and pension schemes. By using a pension calculator, you can calculate the amount of money you need to save and invest to ensure a secure financial future after retirement. 

For the best Pension Plan Calculator, checkout Policybazaar’s Pension Calculator,  a great tool that can help you make informed decisions regarding your retirement planning. By using it, you can easily compare different pension plans available in the market and select the one that fits your requirements and budget. Therefore, it is important to take advantage of such pension calculators and start planning for your retirement today.


  • How much pension will I get after 60 years?

    To know how much pension you will learn after 60 years, checkout the PolicyBazaar’s pension calculator, the best pension plan calculator. 
  • How do I calculate my retirement?

    Use PolicyBazaar’s Online Retirement Calculator to find how much amount you require to maintain a comfortable retired life in India.
  • Q) What is the best retirement plan calculator?

    PolicyBazaar’s Pension Plan Calculator 
  • Q) Can I use a retirement calculator to plan for early retirement?

    Yes, you can use a retirement calculator to plan for early retirement. Retirement calculators are online tools that help you estimate the amount of money you will need to save for retirement based on factors such as your current age, income, and retirement goals.
  • Q) Can a retirement calculator help me to choose the right pension plan?

    The retirement calculator assists you in selecting a suitable retirement plan to invest in, which will enable you to achieve your financial objectives after retirement.
  • Q) How can I benefit from using a Pension calculator in my financial planning?

    A pension calculator is a necessary tool for any retirement planner as it assists in calculating the amount that needs to be saved to guarantee a comfortable retirement.
  • Q) What happens to my retirement savings if I die before reaching retirement age?

    In case of your demise before attaining the retirement age, the funds in your pension plan will not be lost but will be inherited by your beneficiaries or heirs.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

Secure Your Retirement Today
Start Investing ₹6,000/month
Get Pension ₹60,000/month+
Including Life Cover
View Plan
Pension Plans
+Standard T&C Applied
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Secure your Retirement today!
+ Standard T & C Apply*
Pension Calculator
Pension Calculator
How much do you need to save for retirement?
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₹ 30,000
Monthly Expenses in 2024
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Today 2024 Your expenses today in 2023, at the age of 34 Yrs
Your expenses in 2043, at the age of 55 Yrs
For a monthly pension of ₹77,300
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