Projected Balance
BRLNaN
Total Contributions
BRLNaN
Investment Gains
BRLNaN
Annual IRPF Saving (PGBL only)
BRL0
Lifetime IRPF Saving (PGBL)
BRL0
Brazil PGBL / VGBL Retirement Calculator — Monthly Contribution (R$) ₹250
With monthly contribution (r$) of ₹250, the projected balance is BRL1,48,237.
PGBL contributions up to 12% of gross income are deductible for IRPF filers
Projected Balance
BRL5,92,947
Total Contributions
BRL2,40,000
Investment Gains
BRL3,52,947
Annual IRPF Saving (PGBL only)
BRL0
Lifetime IRPF Saving (PGBL)
BRL0
PGBL is recommended for those who file the complete IRPF declaration (modelo completo) and earn above the taxable threshold. VGBL is better for those using the simplified deduction or who have already contributed 12%. Both types face IRPF on withdrawal via progressive or regressive table.
What is the Brazil PGBL / VGBL Retirement Calculator?
Brazil's private pension system offers two main products: PGBL (Plano Gerador de Benefício Livre) and VGBL (Vida Gerador de Benefício Livre). PGBL contributions up to 12% of gross income are deductible from IRPF, making them ideal for complete-return filers. VGBL contributions are not deductible but only the gains (not principal) are taxed on withdrawal. Both can use progressive or regressive IR tables at redemption.
Formula
Balance = Monthly × ((1+r)^n − 1) ÷ r × (1+r). PGBL saving = min(Annual, 12% income) × Marginal IRPF rate.- FV
- = Projected balance
- C
- = Monthly contribution
- r
- = Monthly return rate
- n
- = Months
How to use the Brazil PGBL / VGBL Retirement Calculator
- 1
Step 1
Enter monthly contribution amount.
- 2
Step 2
Set expected annual return and accumulation years.
- 3
Step 3
Enter annual income to see PGBL deduction benefit.
- 4
Step 4
Select pension type to compare PGBL vs. VGBL.
Reviewed by
CalcHub Editorial Team
· Financial Content TeamMaintained by our finance content team. Calculators verified against RBI circulars, Income Tax Act, and published formulas. Expert reviewer applications open.
Our editorial team audits every calculator formula against primary sources (RBI, CBDT, SEBI, ICMR) quarterly. We are onboarding independent Chartered Accountants and Certified Financial Planners to review individual calculators — apply at /experts/apply.
Reviewed on
Frequently asked questions
What is the difference between PGBL and VGBL in Brazil?
PGBL: contributions up to 12% of gross income are deductible from IRPF annually. On withdrawal, the full amount (principal + gains) is taxed. VGBL: no annual deduction. On withdrawal, only gains are taxed. VGBL is better for simplified filers; PGBL for complete filers with high income.
What tax tables apply to private pension withdrawal in Brazil?
You choose at enrollment: progressive table (same as regular income tax, 0-27.5%) or regressive table (starting at 35% for under 2 years, falling to 10% for 10+ years). Regressive is typically better for long-term investors.
Can I contribute more than 12% of income to PGBL?
Yes, but contributions above 12% are not deductible. Many advisors recommend contributing exactly 12% to PGBL (for the deduction) and any additional retirement savings to VGBL.
Sources
Weekly Indian rate update
RBI repo, top FD rates, tax deadlines. Free. No spam.
Calculated with CalcCrack