NPS Calculator

The National Pension System (NPS) is a retirement savings scheme that allows individuals to contribute regularly and make informed decisions about their future through systematic savings during their working years. The scheme aims to encourage citizens to save for retirement and provide a sustainable solution to the challenge of ensuring adequate retirement income for all Indian citizens.

Your age
Retirement age
Monthly Contribution
Expected rate of interest
Wealth invested in annuity
Annuity Rate of Interest
Calculate
Pension Wealth
₹26,75,781
Interest Earned
₹20,75,781

Annuity Amount
₹10,70,312
Lumpsum Withdrawn
₹16,05,469

Pension Per Month
₹8,919
How to use this calculator?
The National Pension System (NPS) is a retirement savings scheme that allows individuals to contribute regularly during their working years
Any individual who is Subscriber of NPS can claim tax benefit under Sec 80 CCD (1) with in the overall ceiling of Rs. 1.5 lac under Sec 80 CCE
NPS matures at age 60 of the investor.
An annuity is a financial product that can be used to provide a regular income stream in exchange for a lump sum payment.

Secure Your Golden Years!

Plan ahead and secure your financial future with NPS, the smart way to save for your retirement.

Invest Now
The National Pension System (NPS) is a retirement savings scheme that allows individuals to contribute regularly during their working years. The scheme aims to encourage citizens to save for retirement and provide a sustainable solution to the challenge of ensuring adequate retirement income for all Indian citizens.
An annuity is a financial product that can be used to provide a regular income stream in exchange for a lump sum payment. In the context of retirement planning, an annuity can help investors achieve a steady and reliable income during their post-retirement years.

In the National Pension System (NPS), investors are required to use a portion of their accumulated savings to purchase an annuity plan from a life insurance company upon retirement. The annuity purchased with the NPS corpus provides a regular pension income to investors during their retirement years. The amount of pension received depends on various factors such as the corpus accumulated, the annuity plan chosen, the prevailing interest rates, and the investor’s age.
Any individual who is Subscriber of NPS can claim tax benefit under Sec 80 CCD (1) with in the overall ceiling of Rs. 1.5 lac under Sec 80 CCE.
Any individual citizen of India (both resident and Non-resident) in the age group of 18-70 years (as on the date of submission of NPS application) can join NPS.
FundsIndia NPS Calculator is one of the simplest NPS calculators available. Just fill in your age, how much you can invest monthly, the interest rate you expect, and how much you plan to invest in annuity and expected interest rate for it. The calculator gives you your total corpus, lumpsum you can take after investing in annuity, the interest you earned and the monthly pension you can get.
Annuity starts immediately, if Subscriber fulfills the Age and Corpus criteria for purchasing Annuity (depending upon choice of ASP and Annuity scheme of the respective Annuity Service Provider).
Yes, Partial Withdrawal facility is available for NPS Subscribers whereby Subscriber can opt for Withdrawal of certain amount out of his own contribution.
Following schemes are available with ASPs:

  • Annuity for life - On death of the annuitant, payment of Annuity ceases.
  • Annuity for life with return of purchase price on death - On death of the annuitant, payment of Annuity ceases and the purchase price is returned to the nominee
  • Annuity payable for life with 100% Annuity payable to spouse on death of annuitant - On death of the annuitant, Annuity is paid to the spouse during his/her life time. If the spouse predeceases the annuitant,payment of Annuity will cease after the death of the annuitant.
  • Annuity payable for life with 100% Annuity payable to spouse on death of annuitant with return on purchase of Annuity - On death ofthe annuitant, Annuity is paid to the spouse during his/her life time and purchase price is returned to the nominee after the death of the spouse.
  • Default Annuity Scheme (Applicable in case of Government SectorSubscribers only)
  • Any individual who is Subscriber of NPS can claim tax benefit under Sec 80 CCD (1) with in the overall ceiling of Rs. 1.5 lac under Sec 80 CCE.
  • An additional deduction for investment up to Rs. 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under section 80C of Income Tax Act. 1961.

Tax Benefits under the Corporate Sector:

  • Corporate Subscriber:

    Additional Tax Benefit is available to Subscribers under Corporate Sector, u/s 80CCD (2) of Income Tax Act. Employer’s NPS contribution (for the benefit of employee) up to 10% of salary (Basic + DA), is deductible from taxable income, up-to 7.5 Lakh.
  • Corporates

    Employer’s Contribution towards NPS up to 10% of salary (Basic + DA) can be deducted as ‘Business Expense’ from their Profit & Loss Account.
Yes. Following are the conditions for availing Partial Withdrawal:

  • The Subscriber shall have been in the NPS at least for the period of three years from the date of his or her Joining (in case of Govt. & Corporate Subscribers)/date of PRAN generation (incase of ’All Citizens’ sector).
  • The Subscriber shall be allowed to withdraw only a maximum of three times during the entire tenure of subscription.
  • The Subscriber can opt for withdrawal not exceeding 25% of contributions made by him/her.
Related Calculators
EPF Calculator
PPF Calculator
Gratuity Calculator
Retirement Calculator