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Project your Employee Provident Fund corpus at retirement at the current 8.25% rate. Includes employer split (3.67% EPF + 8.33% EPS).
EPF Corpus at Age 58
| Age | Year Contribution | Interest Earned | Balance |
|---|---|---|---|
| Age 29 | ₹1.29 L | ₹5,321 | ₹1.34 L |
| Age 33 | ₹1.74 L | ₹63,028 | ₹9.14 L |
| Age 38 | ₹2.50 L | ₹1.95 L | ₹26.77 L |
| Age 43 | ₹3.56 L | ₹4.34 L | ₹58.66 L |
| Age 48 | ₹5.06 L | ₹8.50 L | ₹1.14 Cr |
| Age 53 | ₹7.15 L | ₹15.54 L | ₹2.08 Cr |
| Age 58 | ₹10.09 L | ₹27.21 L | ₹3.62 Cr |
Showing milestones every 5 years. EPS pension calculated separately.
EPF gives you 175% on top of contributions
EPF is one of India's few EEE instruments — contribution under 80C, interest tax-free, withdrawal tax-free after 5+ years. Consider VPF (Voluntary Provident Fund) to top up beyond 12% if you have 80C headroom — same 8.25% return, but watch the ₹2.5L/year combined EPF+VPF tax-free interest cap.
Richify AI tracks EPF, PPF, NPS, and Reksa Dana retirement balances in one app. See your true retirement corpus growing in real time.
Download Richify — It's FreeEPFO declared 8.25% interest rate for FY 2024-25 and the rate has been retained at 8.25% for FY 2025-26 per EPFO board recommendation. Historical rates: 8.15% (2022-23), 8.10% (2021-22), 8.50% (2020-21), 8.65% (2019-20).
EPFO declares the rate annually after the financial year ends; the rate is credited to your account by year-end. Always verify the current rate at epfindia.gov.in before relying on long-term projections.
Employer contributes 12% of (basic + DA) — same as the employee. However, of the employer's 12%, only 3.67% goes to EPF; the remaining 8.33% goes to EPS (Employee Pension Scheme) — capped at ₹15,000 wage ceiling, so maximum EPS contribution is ₹1,250/month.
Employees earning above ₹15k basic effectively have 8.33% × min(basic, ₹15k) going to EPS, and the rest of the employer's 12% going to EPF.
Full withdrawal: at retirement (typically 58 years), or 2 months after leaving employment if not joining another EPFO-covered employer. Partial withdrawal allowed for: marriage of self/children/siblings (50% after 7 years of service), home purchase/construction (24-36 months wages, after 5 years), medical emergency (6 months wages, anytime), education of children (50% after 7 years), unemployment for 1+ months (75% after 1 month, then 25% after 2 months unemployed).
Withdrawals after 5+ years of continuous EPFO membership are fully tax-free (EEE — exempt-exempt-exempt). Withdrawals before 5 years of service are TAXABLE: employee + employer contributions added to your income, accumulated interest taxed at slab rates, and 80C deductions claimed in past years are reversed.
Always wait 5 years if possible — early withdrawal can wipe out a decade of tax savings.
EPS (Employee Pension Scheme) provides a monthly pension after retirement. Formula: monthly pension = (pensionable salary × pensionable service) ÷ 70.
Pensionable salary is capped at ₹15,000/month (the EPS wage ceiling), so maximum EPS pension is roughly ₹7,500/month for someone with 35 years of service. EPS withdrawal lump-sum option available before age 58.
Note: this calculator focuses on EPF corpus — see EPFO portal for detailed EPS pension calculation.
Yes — Voluntary Provident Fund (VPF) lets you contribute beyond the mandatory 12%. VPF is treated as part of EPF, earns the same 8.25% interest, and qualifies under Section 80C (within the ₹1.5 lakh cap).
However, contributions above ₹2.5 lakh per year (combined EPF + VPF) — interest on the excess is taxable from FY 2021-22 onwards. For high earners, this changed VPF from 'no-brainer' to 'use the first ₹2.5L of capacity' instrument.
