NPS Calculator
Calculate your NPS corpus at retirement and estimated monthly pension — based on your contributions, expected returns, and annuity rate.
Did this tool work for you?
How to use this calculator
- 1
Enter your monthly NPS contribution — Tier I (tax-deductible) and Tier II combined.
- 2
Enter your current age and expected retirement age (NPS matures at 60).
- 3
Set the expected annual return — NPS equity funds have historically returned 10–13% p.a.
- 4
At retirement, minimum 40% of corpus must be used to buy an annuity (monthly pension). The remaining 60% is paid as a tax-free lump sum.
Frequently asked questions
What tax benefits does NPS offer?
Under 80CCD(1): ₹1.5L within the 80C limit. Under 80CCD(1B): additional ₹50,000 exclusive to NPS. For salaried employees, employer contribution up to 10% of basic under 80CCD(2) is fully deductible (14% for government employees). Total deduction possible: ₹2L+ per year.
What is an annuity in NPS?
An annuity is a regular pension payment. At retirement, you must use at least 40% of your NPS corpus to buy an annuity from a PFRDA-empanelled insurance company (LIC, SBI Life, HDFC Life, etc.). The annuity rate determines your monthly pension — currently 5–7% p.a.
Can I withdraw from NPS before 60?
Partial withdrawals (up to 25% of own contributions) are allowed after 3 years for specified purposes — children's education, marriage, home purchase, or serious illness. Early exit before 60 requires 80% annuity purchase (only 20% lump sum). Full exit allowed after 60.
NPS vs EPF — which is better?
EPF offers guaranteed 8.25% with full control and withdrawal flexibility. NPS offers market-linked returns (potentially higher), better tax benefits (extra ₹50K deduction under 80CCD(1B)), but lower liquidity and mandatory annuity. NPS is ideal for those in higher tax brackets wanting additional retirement savings beyond EPF.
NPS Calculator — Retirement corpus and monthly pension estimate
How to use the nps
Use this nps to your nps corpus at retirement and estimated monthly pension — based on your contributions, expected returns, and annuity rate. Enter your values above and get your result in seconds. The tool is free, works on all devices, and keeps your data private — nothing is stored or shared.
How the nps works
The nps calculator uses standard formulas used in financial planning, budgeting, and investment decisions. Enter your inputs, and the tool calculates the result instantly in your browser. No server-side processing means your data stays on your device. Results update in real time as you change inputs.
How NPS works
NPS (National Pension System) is a government-regulated retirement savings scheme. Contributions are invested in a mix of equity, corporate bonds, and government securities. The asset allocation changes automatically as you age (auto choice) or you can manage it yourself (active choice).
The additional ₹50,000 tax deduction advantage
The 80CCD(1B) deduction of ₹50,000 is exclusive to NPS — it is over and above the ₹1.5L 80C limit. For someone in the 30% tax bracket, this saves ₹15,600 annually in taxes. This makes NPS one of the most tax-efficient investment options available to individual taxpayers.
Learn more from an authoritative source:
InvestopediaCompound Interest Calculator
Calculate how your investment or savings grows over time with the power of compounding.
Simple Interest Calculator
Calculate simple interest, total amount, and interest earned using principal, rate, and time.
ROI Calculator
Calculate return on investment, net profit, and annualised ROI for any investment.
CAGR Calculator
Calculate Compound Annual Growth Rate (CAGR) for investments, revenue, or any metric over time.
Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →