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NPS Calculator

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

Configure Retirement Goals

₹10,000
25 Years
10%
40%
Pension Fund (Annuity): 40%Lumpsum (Tax-free): 60%
6%

NPS Retirement Projection

Total Investment

₹4,200,000

Est. Interest Gain

₹34,082,767

Estimated Total Corpus @ Age 60

₹38,282,767

Lumpsum (Tax-Free)₹22,969,660(60% of corpus)
Est. Monthly Pension₹76,566(@ 6% yield)

Wealth Accrual Curve

Corpus Distribution Splitting

At retirement age (60), Indian regulations mandate a maximum of 60% lumpsum withdrawal tax-free. The remaining minimum 40% must be converted into a registered annuity pension provider.

Premium Asset Allocation & Strategy

NPS returns are not fixed like PPF. Contributions are allocated between Equity (E), Corporate Bonds (C), Government Securities (G), and Alternative Assets (A). Active choice allows up to 75% Equity exposure.

Recommended Allocation (Active Choice)75% Equity / 25% Debt

Over 20-30 years, an equity-oriented allocation is highly likely to outperform traditional retirement products by 3-4% per annum. Rebalancing keeps the portfolio optimized as you age.

Compounding is the eighth wonder of the world. Reinvest tax returns for maximum compounding.

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Verified Accurate & Compliant
Updated: May 2026

Why NPS?

The National Pension System (NPS) is a government-sponsored pension scheme. It is market-linked and has delivered superior returns compared to traditional instruments like PPF over the long term.

Tax Benefits

  • Sec 80CCD(1B): Additional deduction of ₹50,000 over and above the ₹1.5 Lakh limit under Section 80C.
  • Tax Free Withdrawal: At age 60, up to 60% of the corpus can be withdrawn tax-free.

Exit Rules

Upon retirement (age 60), you can withdraw up to 60% of the corpus as a lumpsum. The remaining 40% must be used to purchase an annuity (pension plan) which provides a monthly income.

How to Use the NPS Calculator

Enter your current age, retirement age, monthly contribution, expected return before retirement, annuity percentage, and expected annuity return. The calculator estimates your retirement corpus, lump sum withdrawal, annuity purchase amount, and expected monthly pension.

NPS is not a fixed-return product. Your actual corpus depends on asset allocation, fund manager performance, equity/debt mix, contribution discipline, and market returns over decades.

NPS Calculator Formula

The accumulation phase works like a monthly investment compounding over time:

Future Corpus = Monthly Contribution compounded monthly until retirement

The pension phase depends on how much of the corpus is used to buy an annuity:

Annuity Amount = Retirement Corpus x Annuity Allocation %

Estimated yearly pension can be approximated as:

Annual Pension = Annuity Amount x Expected Annuity Rate

Monthly pension is annual pension divided by 12.

NPS Tier 1 vs Tier 2

FeatureNPS Tier 1NPS Tier 2
PurposeRetirement accountVoluntary investment account
Lock-inUntil retirement, with rulesMore flexible
Tax benefitsAvailable under specified sectionsLimited/specific cases
WithdrawalRestrictedFlexible
Best forRetirement planningAdditional market-linked savings

Most investors use Tier 1 for retirement and tax planning. Tier 2 is optional and should be compared with mutual funds before investing.

NPS Asset Allocation

NPS lets you allocate money across equity, corporate bonds, government securities, and alternative assets within permitted limits. Younger investors may choose a higher equity allocation for long-term growth, while investors near retirement may prefer a more conservative mix.

The right allocation depends on age, risk tolerance, retirement timeline, existing EPF/PPF exposure, and whether you already invest in equity mutual funds.

Frequently Asked Questions

Is NPS return guaranteed?

No. NPS is market-linked. Returns vary based on your chosen asset allocation and pension fund performance.

Is NPS good for retirement?

NPS can be useful for disciplined retirement investing, especially because of tax benefits and low-cost structure.

Can I withdraw full NPS corpus at retirement?

Under current rules, only a portion can be withdrawn as lump sum. A minimum portion must be used to purchase an annuity.

Is NPS better than PPF?

NPS has market-linked growth potential, while PPF offers stable tax-free returns. Many investors use both for different parts of retirement planning.

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