Nigerian Pension (RSA) Calculator

Project your Retirement Savings Account balance based on CPS contributions. Figures are illustrative only.

Current Age

years

1855

Retirement Age

years

4570

Monthly Salary (Emoluments)

₦

30,0005,000,000

Employer Contribution

1020

Employee Contribution

820

Monthly Voluntary Contribution

₦

01,000,000

Expected Annual RSA Return

320

Max Lump Sum (25%)

₦15,385,446

Programmed Withdrawal (75%)

₦46,156,338

Projected RSA Balance

Total Contributions

₦9,720,000

Estimated Growth

₦51,821,784

Projected RSA Balance₦61,541,784

Disclaimer

This calculator is for educational and illustrative purposes only. It does not constitute financial, investment, or tax advice. Results are estimates based on the inputs you provide and may not reflect actual returns. Consult a qualified financial advisor before making any investment decisions.

Turn The Numbers Into a Plan

Use these calculators to model outcomes, then see how Shares Saver helps you build direct ownership of Nigerian stocks through a regulated, long-term investing process.

Explore the Investment App Learn About Direct Ownership

Frequently Asked Questions

The Contributory Pension Scheme (CPS) was established under the Pension Reform Act 2004 (amended 2014). It mandates employers to contribute a minimum of 10% and employees 8% of monthly emoluments (basic salary + housing + transport allowances) into a Retirement Savings Account (RSA).

PenCom classifies RSA funds into types I through VI based on risk profile. Fund I is the most aggressive (up to 75% equities), while Fund VI is the most conservative. Employees under 50 are typically placed in Fund III by default.

Yes, the Pension Reform Act allows additional voluntary contributions above the mandatory 18%. These contributions are managed within your RSA and can be withdrawn under certain conditions without waiting until retirement.

Under the CPS, you can withdraw up to 25% of your RSA balance as a lump sum at retirement. The remaining 75% must be used for programmed withdrawal or annuity purchase to provide regular retirement income.

RSA returns depend on the fund type, asset allocation, and market conditions. Historical returns have varied between 5% and 15% per annum. Past performance is not indicative of future results.