NPS Calculator
Estimate your NPS corpus, lump sum and monthly pension
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GrokCorpus growth till retirement (by age)
Results are estimates for illustration only, based on the inputs and assumptions you enter. They are not a guarantee of returns or an offer of any product. Rates for government schemes are revised periodically - please verify current rates before investing.
How the NPS calculator works
The National Pension System is a voluntary, market-linked retirement scheme regulated by PFRDA. Your contributions are invested in a mix of equity, corporate bonds and government securities until retirement.
At exit, a portion of the corpus buys an annuity that pays you a monthly pension, and the rest can be withdrawn as a lump sum. Choose your contribution, ages, expected return and annuity share to see the estimate.
Worked example
Contributing ₹5,000 a month from age 30 to 60 at an expected 10% return builds a corpus of about ₹1.14 crore on contributions of ₹18 lakh. Using 40% (about ₹45.6 lakh) for an annuity at 6% gives an estimated pension of about ₹22,793 a month, with about ₹68.4 lakh available as a lump sum.
Things to keep in mind
- NPS returns are market-linked and not guaranteed; the mix depends on your chosen investment option and fund manager.
- The minimum share of the corpus that must buy an annuity is set by PFRDA and has been revised over time - check the current exit rules for your category.
- Annuity income is taxable as per your slab. NPS contributions may be eligible for tax deductions, including an additional ₹50,000 under Section 80CCD(1B) in the old regime.
- Partial withdrawals are allowed for specified purposes after a minimum period.
Formula used
- P
- Monthly contribution
- i
- Expected annual return ÷ 12
- n
- Months until retirement
- Annuity %
- Share of corpus used to buy the annuity
Frequently asked questions
Who can join NPS?
Any Indian citizen, resident or non-resident, between 18 and 70 years of age, can open an NPS account.
What is the difference between Tier I and Tier II?
Tier I is the main retirement account with withdrawal restrictions and tax benefits. Tier II is a voluntary account with flexible withdrawals and generally no tax benefits.
Should I choose NPS or mutual funds for retirement?
NPS is low-cost and has extra tax benefits but restricts withdrawals and requires an annuity. Mutual funds are more flexible. Many investors use both.
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