NPS Calculator
Estimate your National Pension System corpus at retirement. Enter your age, monthly contribution, and expected return to plan your pension.
NPS Calculator
Frequently Asked Questions
What is NPS and how does it work?
NPS (National Pension System) is a government-sponsored pension scheme. You contribute monthly or yearly during your working life, and at retirement (age 60), you must use at least 40% of the corpus to buy an annuity (monthly pension). The remaining 60% can be withdrawn tax-free.
What is the tax benefit of NPS?
NPS offers an additional tax benefit of ₹50,000 under Section 80CCD(1B) over and above the ₹1.5 lakh limit of Section 80C. Employer contributions up to 10% of basic salary are also deductible under 80CCD(2) with no upper limit.
What returns can I expect from NPS?
NPS returns depend on your asset allocation. Historically, NPS equity (Scheme E) has delivered 12-14% CAGR, corporate bonds 8-10%, and government securities 7-9%. A balanced allocation typically yields 9-11% over the long term.
Can I withdraw from NPS before retirement?
Partial withdrawal is allowed after 3 years for specific purposes (education, marriage, house purchase, medical treatment). Up to 25% of own contributions can be withdrawn, maximum 3 times during the entire tenure.
How to Use This NPS Calculator
Enter your current age, planned retirement age, monthly contribution amount, and expected annual return. The calculator estimates your total corpus at retirement, helping you plan adequate contributions for your desired pension.
Benefits of NPS
- Extra ₹50,000 tax deduction under Section 80CCD(1B)
- Low fund management charges (0.01% - lowest among pension funds)
- Flexible asset allocation across equity, bonds, and government securities
- Portability across employers and locations