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NPS calculator

Price your pension before it prices you.

Project National Pension System wealth at 60 — including the mandatory annuity split and the monthly pension it converts into.

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NPS Calculator

Projected corpus at 60

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Tax-free lumpsum (60%)

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Annuity pot (40%)

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Monthly pension @ 6% annuity rate

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How the NPS calculation works

Contributions compound monthly until age 60: Corpus = P × (((1 + i)ⁿ − 1) / i), with P as your monthly contribution, i the monthly return, and n the months until you turn 60. At maturity, up to 60% can be withdrawn tax-free as lumpsum; the minimum 40% must buy an annuity that pays your pension.

Worked example

Starting at age 30 with ₹10,000 per month at an assumed 10% return:

Monthly investment₹10,000
Expected return10% p.a.
Years to 6030 years
Projected corpus≈ ₹2.26 Cr
Tax-free lumpsum (60%)≈ ₹1.36 Cr
Annuity pot (40%)≈ ₹90.4 L
Monthly pension @6%≈ ₹45,210

Frequently asked questions

What is the extra tax benefit of NPS?
Beyond the standard ₹1.5L under 80C, Section 80CCD(1B) allows an additional ₹50,000 deduction for NPS contributions — unique among retirement instruments and a major reason salaried households use it.
How much pension will NPS actually pay?
Pension depends on the annuity pot and prevailing annuity rates. At 6% annuity yield, every ₹1 crore of annuity pays about ₹50,000/month. The calculator uses 6% — check current LIC/insurer rates near retirement for precision.
Can I withdraw from NPS before 60?
Partial withdrawal up to 25% of your own contributions is allowed after 3 years for specific needs (higher education, house, critical illness). Full early exit is restricted; most of the corpus must go to annuity.
NPS or PPF for retirement?
They are complements, not rivals. PPF offers certainty at 7.1% tax-free; NPS offers equity exposure with higher expected growth, locked until 60, plus the extra deduction. Households often max PPF first, then route long-horizon surplus into NPS.

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