NPS Calculator

Calculate your National Pension System (NPS) corpus and estimated monthly pension at retirement.

NPS Contribution Details
Enter your NPS investment plan

Investment period: 30 years

₹500₹50,000

NPS Tier 1 historical returns: 9-12% for equity, 8-10% for corporate bonds

Minimum 40% must be used to purchase annuity for pension

Total Corpus at Retirement
₹1.14 Cr

at age 60

Lump Sum

₹68.38 L

(60% tax-free)

Monthly Pension

₹22,793

(estimated at 6% annuity)

Total Contributed₹18.00 L
Total Returns₹95.97 L
Annuity Corpus₹45.59 L
Tax Benefits
Section 80CCD(1B) - Extra₹50,000
Section 80C - CombinedUp to ₹60,000

Save up to ₹2 lakh in NPS with tax benefits up to ₹62,400/year (at 30% slab)

What is NPS (National Pension System)?

NPS is a government-sponsored pension scheme that helps you build a retirement corpus through regular contributions. It offers market-linked returns with a mix of equity, corporate bonds, and government securities.

NPS Tax Benefits

Contribution Phase
  • - Section 80CCD(1): Up to ₹1.5L (within 80C limit)
  • - Section 80CCD(1B): Additional ₹50,000
  • - Section 80CCD(2): Employer contribution (up to 10%)
Withdrawal Phase
  • - 60% lump sum: Tax-free
  • - 40% annuity: Pension is taxable
  • - Partial withdrawal: Tax-free (conditions apply)

NPS Account Types

  • Tier 1: Retirement account with lock-in till 60. Tax benefits available.
  • Tier 2: Voluntary savings account. No lock-in. No tax benefits.

Asset Allocation Options

Choose your own mix or use Auto Choice (lifecycle fund):

  • E (Equity): Stocks - Higher risk, higher returns (max 75% till age 50)
  • C (Corporate Bonds): Medium risk, moderate returns
  • G (Government Securities): Low risk, stable returns
  • A (Alternative): REITs, InvITs - up to 5%

Disclaimer: Actual returns depend on market performance and asset allocation. NPS is regulated by PFRDA (Pension Fund Regulatory and Development Authority). The annuity rate assumed (6%) is indicative and may vary based on annuity provider.