NPS Calculator — National Pension System
The National Pension System (NPS) is a market-linked retirement scheme. Your monthly contributions grow until 60; at exit at least 40% of the corpus must buy an annuity that pays a monthly pension, while the rest is a tax-free lump sum. This calculator projects all three.
Formula
Corpus is the future value of your monthly contributions at the expected return. Annuity corpus = corpus × annuity %. Monthly pension = annuity corpus × annuity rate ÷ 12. Lump sum = corpus − annuity corpus.
Example
₹5,000 a month from age 30 to 60 at 10% grows to a large corpus; putting 40% into an annuity at 6% funds a monthly pension, and the remaining 60% is a tax-free lump sum.
Frequently Asked Questions
How much of the NPS corpus must go to annuity?
At least 40% of the accumulated corpus must be used to purchase an annuity; up to 60% can be withdrawn tax-free at 60.
Is NPS return guaranteed?
No. NPS is market-linked — returns depend on your chosen equity/debt allocation and fund performance, so projections are only estimates.
Related calculators
- Retirement Planner — Corpus & SIP Calculator
- SIP Calculator — Mutual Fund SIP Returns
- PPF Calculator — Public Provident Fund Maturity
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