NPS Calculator

Calculate retirement corpus • 60% lumpsum • Monthly pension estimate

NPS Calculator

Retirement Planning
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Years
Years
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Investment vs returns

Compare how much you contribute over time versus the market-driven growth in your corpus.

Retirement withdrawal

See the mandatory annuity split against the tax-free lumpsum you can withdraw at retirement.

NPS corpus growth

Follow the projected retirement corpus path as monthly contributions compound over your working years.

Tax Benefits

Extra ₹50K deduction under 80CCD(1B)

Govt. Regulated

Regulated by PFRDA

Market Returns

Higher returns than traditional options

Flexible

Choose your asset allocation

About NPS Calculator

The NPS Calculator helps you plan your retirement by estimating your corpus at retirement based on your monthly contributions, investment period, and expected returns. NPS offers additional tax benefits of ₹50,000 under Section 80CCD(1B) over the ₹1.5 lakh 80C limit.

How to use: Enter your monthly contribution, current age, retirement age, and expected rate of return. The calculator shows your projected corpus, tax-free lumpsum (60%), and estimated monthly pension from the mandatory annuity (40%).

Frequently Asked Questions

NPS is a government-sponsored pension scheme that allows individuals to contribute regularly during their working years for retirement. It's regulated by PFRDA and offers market-linked returns with a mix of equity, corporate bonds, and government securities.
NPS offers tax benefits under: Section 80CCD(1) - up to 10% of salary (max ₹1.5 lakh under 80C limit), Section 80CCD(1B) - additional ₹50,000, and Section 80CCD(2) - employer contribution up to 10% of salary (no upper limit). At retirement, 60% withdrawal is tax-free.
At age 60, you can withdraw up to 60% as tax-free lumpsum. The remaining 40% must be used to buy an annuity for monthly pension. Partial withdrawals (up to 25%) are allowed after 3 years for specific purposes like education, medical treatment, or home purchase.
For Tier-I: Minimum ₹500 per contribution, minimum ₹1,000 per year. For Tier-II: Minimum ₹250 per contribution, no yearly minimum. No upper limit on contributions for either tier.
Tier-I is the primary pension account with restrictions on withdrawal and tax benefits. Tier-II is a voluntary savings account with no withdrawal restrictions but no tax benefits (except for government employees). Tier-I is mandatory, Tier-II is optional.
NPS offers two choices: Active Choice (you select allocation among E-Equity, C-Corporate bonds, G-Government securities, A-Alternative assets) and Auto Choice (lifecycle fund that automatically reduces equity exposure as you age). Maximum equity exposure is 75% till age 50.
NPS offers potentially higher returns (market-linked) and additional tax benefit of ₹50,000. However, PPF offers guaranteed returns and complete tax-free withdrawal. NPS has mandatory annuity purchase (40%), while PPF is fully accessible at maturity. Choice depends on risk appetite and return expectations.
If the subscriber dies before 60, the entire corpus is paid to the nominee/legal heir as a lumpsum – no mandatory annuity purchase required. The amount received by the nominee is tax-free.