NPS Calculator

Calculate Your Retirement Corpus & Monthly Pension.

1. Accumulation Phase

Monthly Investment

₹

Your Current Age

Years

Retirement Age

Years

Expected Return Rate (p.a.)

2. Pension Phase

Investment in Annuity (%)

Minimum 40% of corpus is mandatory for annuity.

Expected Annuity Rate (p.a.)

Expected Monthly Pension

₹ 0

Total Invested

₹ 0

Total Gains

₹ 0

Total Corpus

₹ 0

Pension Breakdown

Lumpsum Withdrawn (Tax-Free)

₹ 0

Annuity Corpus (Taxable Pension)

₹ 0

Accumulation Phase (Year-by-Year)

Year	Age	Invested	Interest	Closing Balance
Enter details to see growth.

What is the NPS (National Pension System)?

The National Pension System (NPS) is a long-term retirement savings scheme regulated by the PFRDA. It helps you build a retirement corpus in a disciplined manner. Upon retirement, a portion of this corpus must be used to buy an annuity, which provides you with a regular monthly pension.

How This NPS Calculator Works

Accumulation Phase: You enter your monthly investment, current age, and expected return rate. The calculator projects your Total Corpus at retirement using compound interest logic.
Pension Phase: You decide what percentage of your corpus (min 40%) you want to use to buy an annuity. Based on the annuity rate, the calculator shows your Expected Monthly Pension.

NPS Tax Benefits

Section 80CCD(1): Deduction up to 10% of salary (Basic + DA) within the ₹1.5 Lakh limit of 80C.
Section 80CCD(1B): Additional deduction of ₹50,000 over and above the ₹1.5 Lakh limit.
Section 80CCD(2): Additional deduction for employer's contribution.

At maturity, 60% of the corpus can be withdrawn as a tax-free lumpsum. The remaining 40% (annuity) is tax-free, but the *pension received* is taxable income.

Frequently Asked Questions (FAQs)

Q. NPS vs. PPF: Which is better?

NPS: Market-linked, potential for higher returns (10-12%), additional ₹50k tax benefit. Pension is taxable.
PPF: Government-backed, guaranteed returns (7.1%), fully tax-free maturity.
Advice: Use PPF for safety and NPS for growth.

Q. Can I withdraw from NPS before retirement?

Yes, partial withdrawals (up to 25% of your contribution) are allowed for specific reasons like education, medical emergencies, or buying a house, but only after 3 years.

Q. What is an Annuity?

An annuity is a financial product that you buy with a lumpsum amount. In return, the insurance company pays you a fixed income for life.