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NPS Calculator – Calculate National Pension Scheme Returns
About this calculator
Use the NPS Calculator – Calculate National Pension Scheme Returns to quickly estimate results. Enter the inputs and review the calculated output below. This tool is for guidance and educational purposes only.
More about this tool
What is NPS?
National Pension Scheme (NPS) is a retirement savings scheme by the Government of India. It's voluntary and allows you to invest throughout your working life. At retirement, 60% of corpus can be withdrawn as lump sum, remaining 40% must be used for purchasing annuity for regular pension. Offers tax benefits and investment flexibility.
NPS Features
Flexible contribution - no fixed mandatory amount. Tax deduction under Section 80C up to Rs. 1.5 lakh. Additional deduction under Section 80CCD(1B) up to Rs. 50,000. Investment options: Equity, Corporate Debt, Government Securities, and Alternative Investments. Low charges and transparent portfolio. Portable across jobs.
Using this Tool
Enter your current age, retirement age, monthly contribution, and expected annual return rate based on asset allocation. The tool shows your retirement corpus, expected pension amount from annuity, and total income. Adjust contributions to meet retirement goals.
Frequently asked questions
What is NPS?
NPS (National Pension System) is a government-backed retirement savings scheme regulated by PFRDA. It invests contributions across equity, corporate debt, and government securities based on your chosen allocation.
What is the tax benefit of NPS?
NPS contributions qualify under Section 80C (within the Rs. 1.5 lakh limit) plus an additional Rs. 50,000 deduction under Section 80CCD(1B). Employer NPS contributions up to 10% of basic salary qualify under 80CCD(2), over and above.
When can I withdraw from NPS?
At age 60, you can withdraw up to 60% of the corpus tax-free as lump sum; the remaining 40% must be used to buy an annuity. Partial early withdrawal is allowed after 3 years for specified purposes (education, housing, medical).
What return does NPS offer?
Long-term NPS returns depend on your asset allocation. Equity-heavy portfolios (up to 75% equity) have historically returned 10% to 12% annually. Government-security-heavy portfolios return 7% to 9%.