NPS Calculator

Estimate NPS retirement corpus. Monthly contribution, expected return and years.

Gratuity PPF EPF / PF EMI SIP FD NPS Income Tax HRA

Monthly contribution (₹)

₹

Expected return (p.a.) %

Years to retirement

yrs

Estimated corpus

Total contribution₹ 15,00,000

Estimated growth₹ 51,34,167

Corpus at retirement₹ 66,34,167

NPS returns depend on scheme (equity/debt mix). This is an estimate. Partial withdrawal rules apply.

National Pension System (NPS) is a voluntary, long-term retirement savings scheme regulated by PFRDA. It offers a mix of equity, corporate bonds, and government securities, with the flexibility to choose your asset allocation and fund manager.

What is this calculator?

An NPS Calculator estimates the retirement corpus you will build through regular monthly contributions. Enter your monthly contribution, expected return, and years until retirement. The calculator shows your total contribution, estimated growth, and the corpus at retirement.

Formula

NPS corpus is the future value of monthly contributions:

FV = P × [((1 + i)^n − 1) / i]

Where P = monthly contribution, i = expected monthly return = annual return ÷ 12, n = total months.

At retirement, at least 40% of the corpus must be used to buy an annuity (monthly pension). The remaining 60% can be withdrawn as a lump sum (tax-free).

Example

Monthly contribution: ₹5,000, Expected return: 10% p.a., Duration: 25 years. Total contribution: ₹15,00,000. Estimated growth: ₹51,23,000. Corpus at retirement: ₹66,23,000. 40% annuity (₹26.5L) → provides monthly pension. 60% lump sum (₹39.7L) → tax-free withdrawal.

Benefits

✓Extra ₹50,000 tax deduction under Section 80CCD(1B), over and above 80C limit.
✓Low expense ratio (0.01–0.09%) compared to mutual funds.
✓Choice of Active or Auto allocation strategy.
✓Portable across jobs and locations.

Frequently Asked Questions

Can I withdraw NPS before retirement?: Partial withdrawal is allowed after 3 years of contribution for specific purposes: children's education, marriage, house purchase, critical illness. Up to 25% of your own contributions can be withdrawn (max 3 times).
Is NPS better than PPF?: NPS has equity exposure (potentially higher returns) and an extra ₹50K tax benefit. PPF is fully tax-free and safer. Ideally, use both. PPF for guaranteed tax-free returns, NPS for equity-linked growth and additional tax saving.
What happens to NPS at age 60?: You must use at least 40% of the corpus to buy an annuity plan from an empanelled insurer. Up to 60% can be withdrawn as a lump sum (tax-free). You can also defer withdrawal until age 75.
How are NPS returns taxed?: The 60% lump sum withdrawal at retirement is tax-free. The monthly pension from the annuity is taxable as per your slab. Employee contribution up to 10% of salary (14% for govt employees) qualifies for tax deduction.
What are Tier I and Tier II NPS accounts?: Tier I is the main pension account with a lock-in until 60, mandatory for tax benefits. Tier II is a voluntary savings account with no lock-in and no additional tax benefit (except for govt employees).

NPS returns depend on market conditions and the asset allocation chosen. This calculator provides an estimate based on a fixed expected return.