NPS Calculator
Plan your retirement with our National Pension System (NPS) calculator. Estimate your retirement corpus, tax savings, and monthly pension based on your contributions and investment strategy.
NPS allows withdrawal upon reaching 60 years of age
Estimated return on annuity purchases
NPS Investment Summary
Total Investment:
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Returns Earned:
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Tax Savings:
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Total Corpus at Retirement:
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At Retirement (Age 60)
Lump Sum Amount (60%):
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Tax-free withdrawal
Annuity Purchase (40%):
₹0
Mandatory annuity purchase
Estimated Monthly Pension:
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Based on 6% annuity rate
About National Pension System (NPS)
The National Pension System (NPS) is a voluntary, long-term retirement savings scheme designed to enable systematic savings during the subscriber's working life. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Key Features
- Voluntary retirement scheme with defined contribution
- Portable across jobs and locations
- Cost-effective investment option with professional fund management
- Flexible asset allocation with choice of pension funds
- Systematic withdrawal post-retirement
Tax Benefits
- Deduction up to ₹1.5 lakh under Section 80CCD(1) of the Income Tax Act
- Additional deduction of up to ₹50,000 under Section 80CCD(1B)
- Tax-free withdrawal of 60% of the corpus at maturity
- Remaining 40% to be used for purchasing annuity for regular pension
About National Pension System (NPS)
The National Pension System is a defined contribution pension scheme administered by the Pension Fund Regulatory and Development Authority (PFRDA). It was introduced by the Government of India to provide retirement income to all citizens.
NPS operates on a unique architecture that allows investors to manage their investments across different asset classes with professional fund management. The scheme is transparent, cost-effective, and portable across jobs and locations.
Upon retirement, you can withdraw 60% of the corpus as a lump sum (tax-free), while the remaining 40% must be used to purchase an annuity that provides a regular pension.