NPS Calculator
Estimate your National Pension System corpus and monthly pension at age 60.
At age 60: 60% corpus is tax-free lumpsum. 40% must be used to purchase an annuity (assumed at 6% p.a.). Tax benefit: up to ₹2L under Sec 80CCD(1) + 80CCD(1B).
Total NPS Corpus at 60
₹92.29 L
What is an NPS Calculator?
The NPS (National Pension System) calculator estimates the retirement corpus you will build through monthly contributions and the monthly pension you will receive after age 60. NPS is a government-backed, market-linked pension scheme available to all Indian citizens aged 18 to 65.
How NPS Works at Retirement
- At Age 60: You can withdraw up to 60% of the corpus as a tax-free lumpsum.
- Mandatory Annuity: At least 40% of the corpus must be used to purchase an annuity (monthly pension). The annuity income is taxed as per your income slab.
- Asset Allocation: You can invest up to 75% in equities until age 50, after which the equity allocation is gradually reduced automatically (under Auto choice).
NPS Fund Managers in India
NPS has 8 pension fund managers including LIC Pension Fund, SBI Pension Funds, HDFC Pension Management, ICICI Prudential Pension Funds, Aditya Birla Sun Life Pension, UTI Retirement Solutions, Kotak Mahindra Pension Fund, and Reliance Pension Fund. Historical returns across these funds have been in the range of 9 to 14% per annum depending on asset class and market conditions.
NPS vs PPF — Quick Comparison
- Returns: NPS: market-linked (9-14% historically). PPF: fixed 7.1%.
- Tax: NPS: EET (maturity partially taxed). PPF: EEE (fully exempt).
- Lock-in: NPS: until age 60. PPF: 15 years.
- Extra deduction: NPS: ₹50K additional under 80CCD(1B). PPF: no extra benefit.