This is based on estimated total biosphere emissions, estimated human emissions, and annual CO2 PPM increases. I did some math on that and wrote it up here if anyone wants to dig deeper: https://biotinker.dev/posts/climate1.html
In the case of the zero-emission miracle, atmospheric CO2 levels would start dropping at about the same rate they are currently climbing. As you mention, there is climate lag and feedbacks, but the "return to normal" would start fairly quickly.