The invention provides a lubricant composition for an eccentric oscillating planetary gear type speed reducer comprising the following components (a) to (d): (a) a base oil containing a synthetic oil; (b) at least one calcium salt selected from the group consisting of calcium salts of petroleum sulfonic acids, calcium salts of alkyl aromatic sulfonic acids, calcium salts of salicylates, calcium salts of phenates, calcium salts of oxidized waxes, overbased calcium salts of petroleum sulfonic acids, overbased calcium salts of alkyl aromatic sulfonic acids, overbased calcium salts of salicylates, overbased calcium salts of phenates, and overbased calcium salts of oxidized waxes; (c) an antioxidant; and (d) a glycerin fatty acid ester.