NPS Calculator

Estimate your National Pension Scheme corpus and monthly pension at retirement

Monthly NPS contribution (₹)

Minimum ₹500/month. Both Tier I and Tier II accounts available.

Current age (years)

Retirement age

Expected annual return (%)

10.0%

Equity (E): 10–12% · Corporate bonds (C): 8–9% · Government (G): 7–8%

Annuity rate at retirement (%)

6.0%

Total corpus at retirement

—

accumulated over — years

Monthly pension

—

from annuity portion

Lump sum (60% withdrawal)

—

Annuity corpus (40%)

—

Total invested

—

Wealth gained

—

Tax benefit (80C + 80CCD)

per year

Effective return

—

About NPS

What is NPS?

The National Pension System (NPS) is a government-backed retirement savings scheme. It is open to all Indian citizens aged 18–70. Contributions grow tax-deferred and at retirement, you can withdraw 60% as a lump sum (tax-free) and must use 40% to buy an annuity for monthly pension.

Tax benefits of NPS

Contributions up to ₹1.5 lakh are deductible under Section 80C. An additional ₹50,000 is deductible under Section 80CCD(1B), making the total potential annual deduction ₹2 lakh — saving up to ₹62,400 in tax (at 30% slab + cess).

Investment options

NPS offers three asset classes: Equity (E), Corporate Bonds (C), and Government Securities (G). Under Auto Choice, allocation shifts from equity-heavy to debt-heavy as you approach retirement. Under Active Choice, you can allocate up to 75% in equity.