NPS Calculator
Calculate your NPS (National Pension Scheme) retirement corpus and monthly pension with our free online calculator. Plan your retirement with accurate projections.
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Investment vs Returns
Total Investment
₹18,00,000
Total Corpus
₹1,13,96,627
Monthly Pension
₹22,793
Annuity Investment (40%)
₹45,58,651
Lumpsum Withdrawal (60%)
₹68,37,976
Personal Loan @ 10.5%
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What is NPS (National Pension Scheme)?
The National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed by the Government of India. It was initially launched for government employees in 2004 and later extended to all Indian citizens in 2009.
NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It offers market-linked returns through professional fund managers and provides flexibility in choosing asset allocation between equity, corporate bonds, and government securities.
NPS Account Types
| Feature | Tier I | Tier II |
|---|---|---|
| Nature | Pension Account (Mandatory) | Investment Account (Optional) |
| Lock-in | Until 60 years | No lock-in |
| Minimum Contribution | ₹500/year | ₹250 |
| Tax Benefit | Yes (80C, 80CCD) | No (except govt employees) |
| Withdrawal | Restricted | Anytime |
NPS Tax Benefits
- Section 80CCD(1): Deduction up to 10% of salary (max ₹1.5 lakh as part of 80C limit)
- Section 80CCD(1B): Additional ₹50,000 deduction (exclusive of 80C)
- Section 80CCD(2): Employer contribution up to 10% of salary (14% for govt employees) - no upper limit
- Maturity: 60% lumpsum withdrawal is tax-free. 40% annuity purchase is tax-free
NPS Investment Options
NPS offers two investment choices:
- Active Choice: You decide asset allocation among Equity (E), Corporate Bonds (C), Government Securities (G), and Alternative Assets (A)
- Auto Choice: Lifecycle fund that automatically adjusts allocation based on age - aggressive, moderate, or conservative
NPS Withdrawal Rules
- At 60: Withdraw up to 60% as lumpsum (tax-free), minimum 40% must buy annuity
- Early Exit: After 5 years, 20% lumpsum allowed, 80% must buy annuity
- Partial Withdrawal: After 3 years, up to 25% for specific purposes (education, marriage, medical, home)
- Death: 100% paid to nominee, no annuity required
Frequently Asked Questions
Disclaimer
This calculator is provided for informational purposes only. The results are estimates and should not be considered as financial advice. Actual values may vary based on various factors. Please consult a certified financial advisor before making any financial decisions.
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