NISM Exam Prep

NPS Calculator

Plan your retirement with our NPS Calculator. Estimate your pension, lump-sum amount, and tax savings to secure your future.

NPS Inputs

₹ 5,000
₹ 1,000₹ 50,000
25 Years
18 Years59 Years
60 Years
26 Years70 Years
10 %
1 %20 %
40 %
40 %100 %
6 %
1 %12 %

Retirement Details

Total Invested

₹21,00,000

Total Corpus

₹1,91,41,384

Expected Monthly Pension

₹38,283

Lump Sum at Retirement

₹1,14,84,830

What is the National Pension System (NPS)?

The National Pension System (NPS) is a government-backed investment scheme designed to provide financial security during retirement. It encourages individuals to save for their old age by offering a market-linked returns portfolio. It is a flexible and portable scheme that allows you to manage your investments and see your money grow until you retire.

How to Use Our NPS Calculator

  1. Enter your monthly investment amount.
  2. Input your current age and the age you wish to retire.
  3. Provide the expected rate of return on your investment.
  4. Specify the percentage of the corpus you plan to use for purchasing an annuity (minimum 40%).
  5. Enter the expected annuity rate for your pension.
  6. Click 'Calculate' to see your total retirement corpus, lump sum amount, and expected monthly pension.

Frequently Asked Questions (FAQs)

What is the National Pension System (NPS)?

The National Pension System (NPS) is a voluntary, long-term retirement savings scheme designed to enable systematic savings during your working life. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

How does the NPS calculator work?

Our NPS calculator projects your future retirement corpus and monthly pension based on your monthly contributions, age, expected returns, and annuity details. It helps you visualize how your investments can grow over time.

What are the tax benefits of investing in NPS?

You can claim tax deductions up to ₹1.5 lakh under Section 80C and an additional deduction of ₹50,000 under Section 80CCD(1B). The employer's contribution is also deductible. The lump sum withdrawal at maturity is partially tax-exempt.

What happens to the NPS corpus at maturity?

At retirement (age 60), you can withdraw up to 60% of the corpus as a tax-free lump sum. The remaining 40% must be used to purchase an annuity plan, which will provide you with a regular monthly pension.