diff --git a/configs/neox_arguments.md b/configs/neox_arguments.md
index 639a5daf2..7dec66da2 100644
--- a/configs/neox_arguments.md
+++ b/configs/neox_arguments.md
@@ -14,14 +14,19 @@ LR Scheduler Arguments
     Learning rate decay function. Choose from 'constant', 'linear', 'cosine', 'exponential'.
 
 
-
 - **lr_decay_iters**: int
 
     Default = None
 
-    Number of iterations to decay learning rate over, If None defaults to --train-iters
+    Number of iterations to decay learning rate over. If None, defaults to 
+    --train-iters or the equivalent inferred value from train_epochs.
+
+- **lr_decay_fraction**: float
 
+    Default = None
 
+    Effective fraction of training over which to decay lr. Overrides lr_decay_iters. 
+    Useful when specifying train_epochs.
 
 - **min_lr**: float
 
diff --git a/megatron/neox_arguments/neox_args.py b/megatron/neox_arguments/neox_args.py
index b6286a5eb..dbf5eb0bf 100644
--- a/megatron/neox_arguments/neox_args.py
+++ b/megatron/neox_arguments/neox_args.py
@@ -573,7 +573,13 @@ class NeoXArgsLRScheduler(NeoXArgsTemplate):
 
     lr_decay_iters: int = None
     """
-    Number of iterations to decay learning rate over, If None defaults to --train-iters
+    Number of iterations to decay learning rate over, If None defaults to
+    --train-iters or the equivalent infered valued from train_epochs.
+    """
+
+    lr_decay_fraction: float = None
+    """
+    Effective fraction of training over which to decay lr, overrides lr_decay_iters, useful when specifying train_epochs
     """
 
     min_lr: float = 0.0
diff --git a/megatron/training.py b/megatron/training.py
index 7150484c0..2b8af0470 100644
--- a/megatron/training.py
+++ b/megatron/training.py
@@ -1090,6 +1090,8 @@ def get_learning_rate_scheduler(optimizer, neox_args):
     # Add linear learning rate scheduler.
     if neox_args.lr_decay_iters is not None:
         num_iters = neox_args.lr_decay_iters
+    elif neox_args.lr_decay_fraction is not None:
+        num_iters = math.floor(neox_args.train_iters * neox_args.lr_decay_fraction)
     else:
         num_iters = neox_args.train_iters
     num_iters = max(1, num_iters)