NPS Calculator
Estimate your NPS retirement corpus and projected monthly pension based on your contributions and expected returns. Plan your retirement savings with the National Pension System.
Min. 40% required by NPS rules.
What is the National Pension System (NPS)?
The National Pension System is a voluntary, government-regulated retirement savings scheme open to all Indian citizens between the ages of 18 and 70. Contributions are invested in a mix of equity, corporate bonds, and government securities based on your chosen allocation, and the corpus grows until you reach retirement age (typically 60). Upon maturity, you must use at least 40% of the corpus to purchase an annuity that provides a regular monthly pension, and the remaining amount (up to 60%) can be withdrawn as a tax-free lump sum.
NPS offers attractive tax benefits: contributions up to ₹1.5 lakh qualify under Section 80C, and an additional ₹50,000 deduction is available under Section 80CCD(1B) — making the total possible deduction ₹2 lakh per year. This extra ₹50,000 benefit is exclusively available to NPS subscribers and is over and above the standard 80C limit, making NPS one of the most tax-efficient retirement instruments available.
The calculator above uses the standard future-value-of-annuity formula, treating each monthly contribution as compounding at the expected annual return rate until retirement. The annuity corpus and monthly pension projections are based on the annuity rate you enter and are indicative — actual pension amounts depend on the annuity product selected at retirement.
This calculator provides illustrative projections only. NPS returns are market-linked and not guaranteed. Actual corpus and pension will depend on fund performance, annuity rates at the time of retirement, and the specific annuity plan chosen. Consult a financial adviser before making retirement planning decisions.