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NPS Calculator (National Pension Scheme)
Calculate your retirement pension corpus, interest earnings, tax-free lump sum withdrawal, and expected monthly pension under the National Pension System (NPS).
Year-by-Year NPS Wealth Accumulation Schedule (40 Years)
What is National Pension Scheme (NPS)?
The National Pension System (NPS) is a voluntary, long-term retirement savings scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and backed by the Government of India. It is designed to enable individuals to accumulate a substantial pension fund during their working years and generate a reliable monthly income after retirement at age 60.
How Does the NPS Pension Calculator Work?
The NPS Calculator utilizes the monthly compound interest annuity formula to calculate your total maturity corpus:
Where A is the maturity corpus, P is your monthly contribution, r is the expected annual return rate, n is 12 (monthly compounding), and t is total investment tenure until retirement (60 - current age).
Key Features & Tax Benefits of NPS
Self-contributions qualify for tax deduction up to 10% of salary (Basic + DA) or gross income within the ₹1.5 Lakh limit of Section 80CCE.
Get an additional tax deduction of ₹50,000 exclusively for NPS investments over and above the ₹1.5 Lakh Section 80C limit!
At age 60, up to 60% of your accumulated corpus can be withdrawn completely tax-free as a lump sum payout.
At least 40% of the corpus must be converted into an annuity plan to secure regular, lifelong monthly pension payouts.
Starting your NPS contribution at age 20 gives your money 40 full years of compounding. A monthly deposit of ₹10,000 at 9% expected return accumulates into a massive ₹4.62+ Crore corpus by age 60, yielding over ₹92,000 in monthly pension!