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NPS Calculator

Calculate your National Pension Scheme corpus at retirement. See total investment, wealth gained, and estimated monthly pension based on your contributions.

Currency
NPS Details
Monthly Contribution₹5,000
₹500₹1,00,000
Expected Annual Return10%
%
1%20%
Years to Retirement25 Years
Yr
1 Yr42 Yr
Annuity Purchase % at Retirement
Your Result

Fill in the details and
your result appears here.

Total Corpus
Total Invested
Interest Earned
Lump Sum (60% withdrawable)
Annuity Amount
Est. Monthly Pension
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Did You Know?
Extra ₹50K deduction
NPS gives an additional ₹50,000 deduction under 80CCD(1B) beyond the ₹1.5L 80C limit. At 30% tax bracket, this saves ₹15,600/year in tax — plus the corpus grows tax-free.

How to use this calculator

1

Enter monthly contribution

Minimum ₹500/month. More = larger corpus. Consider both your contribution and employer contribution.

2

Set expected return

NPS equity funds have historically returned 10–12%. Conservative: 8%. Moderate: 10%.

3

Enter years to retirement

NPS matures at age 60. Earlier you start, larger the corpus.

4

Set annuity percentage

Minimum 40% goes to annuity. You can choose more for higher pension.

The formula explained

NPS corpus grows through monthly SIP-style compounding:

Corpus = Monthly × ((1+r)^n − 1) ÷ r × (1+r)

At retirement, minimum 40% must be used to buy an annuity (which pays monthly pension). The remaining 60% is tax-free lump sum withdrawal. Estimated pension assumes 6% annuity rate.

Frequently Asked Questions

What is NPS?

National Pension System is a government-backed retirement savings scheme. Contributions grow market-linked returns. At 60, 60% is tax-free lump sum withdrawal and minimum 40% must buy an annuity for regular pension.

What are the tax benefits of NPS?

Up to ₹1.5L deductible under Section 80C. Additional ₹50K under Section 80CCD(1B) — exclusive to NPS. Employer contributions up to 10% of salary deductible under 80CCD(2).

Can I withdraw NPS before 60?

Partial withdrawal (up to 25%) is allowed after 3 years for specific purposes: higher education, marriage, house purchase, critical illness. Full exit before 60 requires 80% annuity purchase.

What is an annuity in NPS?

An annuity is a fixed monthly income purchased from an insurance company using part of your NPS corpus at retirement. The rate (typically 5–7%) determines your monthly pension amount.

What is the lock-in period for NPS?

NPS has a lock-in until age 60. You can withdraw 60% as a lump sum tax-free at retirement. The remaining 40% must be used to buy an annuity. Partial withdrawal (25%) is allowed after 3 years for specific reasons.

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