NPS Calculator
Project NPS corpus to age 60. Plan contributions, annuity vs lump sum and estimated monthly pension.
Last updated: 12 July 2026. NPS is regulated by PFRDA — verify contribution, allocation and exit rules on npstrust.org.in before investing.
What is NPS?
The National Pension System is India's market-linked retirement savings scheme. You contribute during your working life; at retirement (typically age 60) part of the corpus buys an annuity for lifelong pension and the rest may be withdrawn as a lump sum, subject to prevailing rules.
This calculator projects corpus growth from regular contributions, splits lump sum vs annuity, and estimates an illustrative monthly pension.
How this NPS calculator works
Contributions are modelled with monthly compounding until age 60. Choose monthly or yearly contribution frequency. Strategy presets set expected return; Custom lets you type your own rate.
Goal mode reverse-solves the contribution needed for a target corpus. Annuity % (minimum typically 40%) determines how much of maturity buys a pension vs lump sum.
Worked example: Age 30, ₹10,000/month, Moderate (~10%) to 60 → large maturity corpus; 40% annuity → estimated monthly pension at 6% yield assumption.
NPS vs EPF vs PPF
| Feature | NPS | EPF | PPF |
|---|---|---|---|
| Regulator / structure | PFRDA; market-linked tiers | EPFO; salaried PF | Government small savings |
| Returns | Market-linked (equity/debt mix) | Declared interest rate | Government-notified rate |
| Lock-in / exit | Till 60; annuity + lump sum rules | Job-linked; withdrawal rules apply | 15-year lock-in (extendable) |
| Tax angle (indicative) | 80CCD contributions; exit rules evolve | EEE for eligible withdrawals | EEE within limits |
Employer PF: EPF calculator. Small savings: PPF calculator. Monthly mutual funds: SIP calculator.
Who should use an NPS calculator?
Salaried and self-employed investors planning retirement corpus, employees comparing 80CCD contributions, and anyone estimating lump sum vs pension trade-offs before choosing an annuity percentage.
Frequently asked questions about NPS
What is the National Pension System (NPS)?
NPS is a voluntary, defined-contribution retirement scheme regulated by PFRDA. You contribute during working years; the corpus is used at retirement for a lump sum and an annuity that provides pension income.
What do Aggressive, Moderate and Conservative mean here?
They are illustrative return assumptions for planning: Aggressive ~12%, Moderate ~10%, Conservative ~8% p.a. Actual NPS returns depend on your fund allocation (E/C/G/A) and market performance.
Why is annuity at least 40%?
Under typical NPS exit rules, a minimum share of the corpus must purchase an annuity. Presets of 40%, 60% and 80% let you model different lump-sum vs pension splits. Confirm current PFRDA rules before retiring.
How is monthly pension estimated?
Annuity corpus × assumed annuity yield (default 6% p.a.) ÷ 12. Real annuity quotes from life insurers differ by age, product and interest rates.
What is goal mode?
Enter a target corpus at age 60 and the calculator solves for the required monthly or yearly contribution given your age, return assumption and any existing corpus.
Until what age does the projection run?
Contributions and compounding run until age 60 (standard NPS retirement age in this tool). Enter your current age between 18 and 59.
Can I claim tax benefits on NPS?
Eligible contributions may qualify under Section 80CCD(1), an additional 80CCD(1B) (up to ₹50,000 historically), and employer 80CCD(2) in some cases. Limits and regimes change — verify for your assessment year.
Is NPS better than EPF or PPF?
They serve overlapping but different goals. EPF is employer-linked with declared rates; PPF is a fixed small-savings product; NPS is market-linked with annuity requirements. Many investors use a mix.
Does this include Tier II or partial withdrawals?
No. The model assumes Tier I-style accumulation to age 60 with regular contributions. Tier II liquidity and mid-career withdrawals are not simulated.
Are returns guaranteed?
No. Expected return is an assumption for illustration. Equity and debt markets can deliver higher or lower outcomes. Past performance does not guarantee future results.
NPS calculator — corpus and pension if I invest ₹10,000 monthly till age 60?
Enter contribution, current age, expected return mix and annuity rate assumptions. At exit, at least 40% of corpus generally must buy an annuity (subject to NPS rules). Projections are illustrative, not PFRDA guarantees.
NPS Tier I tax benefit under 80CCD(1B) — does this calculator show rebate?
The tool focuses on corpus/pension projection. Additional deduction under 80CCD(1B) (up to notified limits) and employer 80CCD(2) depend on your tax regime — verify in an income tax planner or with a CA.
Disclaimer: Illustrative projections only. Market returns and annuity rates are not guaranteed. Not investment or tax advice.
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