Pension Comparison Calculator

Compare your RSA balance against age-based benchmarks to see if your Nigerian pension savings are on track.

Current Age

years

22 yrs60 yrs

Current RSA Balance

₦

050,000,000

Monthly Gross Salary

₦

50,0005,000,000

Expected RSA Annual Return

5%20%

⚠️

Behind Schedule

17% of the age-35 benchmark

₦0Benchmark: ₦12,000,000

Your RSA: ₦2,000,000−₦10,000,000 gap

RSA Benchmarks by Age

Multiples of annual salary of ₦6,000,000

Age 250.5× = ₦3,000,000

Age 301× = ₦6,000,000

Age 352× = ₦12,000,000

Age 403.5× = ₦21,000,000

Age 455.5× = ₦33,000,000

Age 507.5× = ₦45,000,000

Age 559.5× = ₦57,000,000

Age 6012× = ₦72,000,000

Monthly voluntary contribution to close gap by age 60

₦90,119

Over 25 years at 10% return

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.

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About These Benchmarks

Benchmarks are expressed as multiples of annual gross salary. They assume 18% total CPS contributions (10% employer + 8% employee) invested from age 22, growing at approximately 10% per annum — consistent with conservative RSA Fund III performance. They are illustrative targets only, not official PENCOM figures. Your actual target depends on your desired retirement income, expected retirement age, and other savings outside the RSA.

Frequently Asked Questions

The benchmarks represent the RSA balance a typical Nigerian formal-sector worker should accumulate by each age, assuming 18% of monthly emoluments is contributed (10% employer + 8% employee) from age 22, with an average annual return of approximately 10% — consistent with conservative CPS Fund III performance. They are expressed as multiples of your current annual income. These are indicative targets, not official PENCOM figures.

Late starters will naturally have a smaller balance relative to the benchmark. Do not be discouraged — focus on voluntary contributions and investment in higher-yield RSA fund types (Fund I or II if you are under 50) to close the gap. Even modest catch-up contributions, thanks to compound growth, can significantly boost your balance over 5–10 years.

PENCOM classifies RSA funds into types I–VI by risk level. If you are under 50 and behind on your pension savings, Fund I (up to 75% equities) gives the best chance of above-average returns to help you catch up. If you are within 10 years of retirement, shifting to Fund III or IV reduces volatility and protects your accumulated balance. Speak to your PFA for personalised advice.

The mandatory minimum is 8% employee + 10% employer = 18% of emoluments. If you are behind the benchmark, consider voluntary contributions above this. A general rule of thumb: if you are 10+ years from retirement, contributing 20–25% of income total (including employer) and investing in higher-yield funds should be sufficient to reach the age 60 target in most scenarios.

Yes. Under PENCOM regulations, you can transfer your RSA to a different Pension Fund Administrator (PFA) once every 12 months. Before switching, compare net returns after fees across PFAs using PENCOM's quarterly performance reports, which are published on their website. Net-of-fee returns and fund size are the key metrics to compare.