NPS Calculator – Estimate Your Retirement Corpus and Monthly Pension

This NPS Calculator estimates your retirement corpus and projected monthly pension from the National Pension System. Enter your monthly NPS contribution, expected annual return, and current age to instantly see your projected corpus at age 60, the estimated lump sum you can withdraw, and the approximate monthly pension. Use it to plan your retirement income well before you stop working.

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NPS Calculator (National Pension System)

Monthly Contribution (₹)
Expected Annual Return: 10%
Current Age: 30 yrs
Retirement: 60 yrs
Annuity Purchase: 40% (Min 40%)Lump Sum: 60%
Total Corpus₹1,13,96,627
Expected Monthly Pension₹22,793Generated from ₹45,58,651 annuity fund
Tax-Free Lump Sum₹68,37,976
Total Contributed₹18,00,000
Total Corpus at Age 60₹1,13,96,627
1₹

What is an NPS Calculator?

An NPS Calculator is an online tool that estimates your retirement corpus and projected monthly pension from the National Pension System. Enter your monthly NPS contribution, expected annual return, and current age to see your total corpus at age 60, including the estimated lump sum withdrawal amount and monthly annuity payable upon retirement.

How to Use NPS Calculator – 3 Step Flow

Streamline your finances with an easy, automated process — calculate, plan, and achieve your financial goals.

1STEP

Enter your contribution and current age

Input your monthly NPS contribution amount, your current age, and your expected retirement age (typically 60 for NPS Tier 1 accounts). Both salaried and self-employed individuals can contribute to NPS. For salaried employees, the employer may also contribute under NPS, including only your own contribution unless the calculator has a separate field for employer contribution.

2STEP

Select your expected annual return

NPS is a market-linked product, so returns depend on the asset allocation you choose, equity (E), corporate bonds (C), and government securities (G). Enter a realistic expected return based on your allocation. Aggressive investors with higher equity allocation may use 10%–12%, while conservative allocations may use 7%–9%. Returns are not guaranteed.

3STEP

Review your corpus and pension estimate

The calculator shows your projected NPS corpus at age 60, the maximum lump sum you can withdraw tax-free (up to 60% of corpus), and the remaining 40% used to purchase an annuity, along with the estimated monthly pension this annuity generates based on current annuity rates.

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Frequently Asked Questions

An NPS Calculator estimates your retirement corpus and monthly pension from the National Pension System. Enter your monthly contribution, expected annual return, and current age to see your projected corpus at age 60, along with the estimated lump sum withdrawal and monthly annuity payable upon retirement.

At age 60, you can withdraw up to 60% of your NPS corpus as a tax-free lump sum. The remaining 40% (minimum) must be used to purchase an annuity from an IRDAI-registered provider, which pays you a monthly pension. If the total corpus is below ₹5 lakh, you can withdraw the full amount.

NPS offers a unique additional deduction of up to ₹50,000 under Section 80CCD(1B), over and above the ₹1.5 lakh limit of Section 80C. For someone in the 30% tax bracket, this saves up to ₹15,600 in tax annually. This is available only under the old tax regime.

Under Active Choice, you decide your own allocation across equity (E), corporate bonds (C), government securities (G), and alternate assets (A), with a cap of 75% in equity up to age 50. Under Auto Choice (Lifecycle Fund), the allocation is managed automatically, shifting from higher equity to more debt as you approach retirement.

Partial exit from NPS Tier 1 is allowed after 3 years for specific purposes, education, marriage, home purchase, medical treatment, up to 25% of the employee's own contributions. A complete premature exit before 60 requires at least 80% of the corpus to be used to purchase an annuity; only 20% can be withdrawn as a lump sum.

NPS, EPF, and PPF serve different roles. EPF is mandatory and offers guaranteed returns with employer matching. PPF provides guaranteed tax-free returns over 15 years. NPS is market-linked with higher return potential, a unique additional tax deduction, and a structured pension payout, but with market risk and mandatory annuity. A combination of all three typically makes for a more robust retirement plan than any single instrument.