This study is motivated by the need to develop an efficient numerical model to simulate non-uniform interfacial degradation of reinforcing steel in concrete in an accelerated corrosion setup considering the influence of differential aeration, moisture and conductivity. In this study, a multi-physics finite element (FE) model is presented to simulate spatially and temporally non-uniform surface topography of corroding steel with rust layer, and eliminates the assumption of uniform mass loss and its linear variation with time as per available literature that uses classical approach of Faraday’s law. The model is validated experimentally with accelerated corrosion setup. Unlike previous studies, pore saturation (PS) is continuously monitored and its existing experimental correlations with conductivity and oxygen diffusivity are adopted so that the model can be extended to simulate natural corrosion to enhance the accuracy of service life predictions. These evaluations can be made completely nondestructive and in real-time eliminating the challenges in capturing the influence of environment by the use of alternative parameters such as relative humidity from real climate change predictions. The key findings from the investigation reveal that incorporating local environmental parameters measured in-situ allows for the model to naturally evolve with anodic and cathodic locations on steel surface avoiding the need to assume predefined locations. It is envisioned that the developed multi-physics FE model can be used as a reliable substitute to accelerated corrosion experiment which is frequently used for durability studies of corroding reinforced concrete (RC) members. It is shown that the daily and cumulative mass loss evaluated from the degraded surface topography of the corroded rebar using the simulated model are in good agreement with those evaluated experimentally. Further, the maximum pit depth evaluated from the simulated surface is validated that has valuable applications in estimating degraded strength of corroding steel and service life of RC members.