NPS Calculator

Estimate NPS retirement corpus and monthly pension

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NPS Calculator is a free, browser-based tool that lets you estimate nps retirement corpus and monthly pension — with zero signup, zero installation. Your data never leaves your browser. Part of 116+ free developer and business tools at wowhow.cloud, built and maintained by a team with 14+ years of hands-on development experience.

TOOLNPS Calculator

Current Age30 yrs

18 yrs65 yrs

Retirement Age60 yrs

40 yrs75 yrs

Monthly ContributionRs 5,000

Rs 500Rs 1,00,000

Expected Annual Return10%

4%16%

Annuity Rate (post-retirement)6%

4%10%

Annuity Percentage40% (min 40%)

40%100%

NPS minimum annuity: 40%of corpus must be used to purchase annuity · Max lump sum withdrawal: 60% of corpus (tax-free up to 60%)

Total Investment

18.00 L

Estimated Corpus at Retirement

1.13 Cr

Lump Sum Withdrawal (60%)

67.81 L

Annuity Portion (40%)

45.21 L

Estimated Monthly Pension

₹22,605

Wealth Gained (Interest)

95.02 L

Corpus Growth (5-year intervals)

Yr 5

Age 35: 3.87 L

Yr 10

Age 40: 10.24 L

Yr 15

Age 45: 20.72 L

Yr 20

Age 50: 37.97 L

Yr 25

Age 55: 66.34 L

Yr 30

Age 60: 1.13 Cr

NPS Tax Benefits — Section 80CCD

NPS contributions qualify for tax deductions under multiple sections:

Section 80CCD(1): Employee contribution up to 10% of salary (self-employed: 20% of gross income), within the Rs 1.5 lakh Section 80C limit.
Section 80CCD(1B): Additional Rs 50,000 deduction over and above the 80C limit. Your annual contribution of Rs 60,000 qualifies for Rs 50,000 deduction under this section.
Section 80CCD(2):Employer contribution up to 10% of salary (14% for central govt) — no upper cap, over and above 80C.

At the 30% tax slab, your 80CCD(1B) benefit alone saves you up to Rs 50,000 × 30% = Rs 15,000 in tax each year. Lump sum withdrawal (up to 60% of corpus) at retirement is fully tax-free.

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About NPS Calculator

The National Pension System (NPS) is a government-backed, market-linked retirement savings scheme regulated by PFRDA. It pools contributions into a professionally managed fund across equity, corporate bonds, and government securities, building a retirement corpus that converts partially into a lifelong pension. This calculator shows your projected NPS corpus and monthly pension based on age, contribution, and fund allocation.

How It Works

NPS uses compound growth across two phases. In the accumulation phase, your monthly contribution C grows at an assumed annual rate r over n years: Corpus = C × [(1 + r/12)^(12n) - 1] / (r/12). The calculator applies this formula using your chosen allocation — Active Choice (up to 75% equity until age 50, tapering to 50% by 60) or Auto Choice (lifecycle fund).

At age 60, the withdrawal rules dictate the pension outcome. You can withdraw up to 60% as a lump sum tax-free. The mandatory 40% is used to purchase an annuity. The annuity monthly payout is calculated as: Monthly Pension = (40% × Corpus × Annuity Rate) / 12. Annuity rates from empanelled insurers currently range from 5.5% to 6.5% p.a. depending on the plan (life only, joint life, return of purchase price).

The calculator estimates total corpus across both Tier I mandatory and optionally Tier II voluntary contributions. It uses age-based auto-rebalancing logic, where equity exposure automatically reduces as you approach 60 under the Auto Choice Moderate (LC-50) plan — standard for most subscribers.

Who Is This For

A 32-year-old IT professional contributes Rs 10,000/month to NPS (50% equity, 30% corporate, 20% govt) and wants to see projected corpus at 60 versus PPF.

A government employee wants to check how their mandatory NPS contributions (10% of basic) and employer contribution (14%) will translate to a pension at superannuation.

A 45-year-old self-employed professional starting NPS late needs to see the minimum monthly contribution required to build a Rs 1.5 crore corpus by 60.

A salaried taxpayer wants to optimize the Rs 50,000 extra deduction under Section 80CCD(1B) and model the impact of NPS vs increasing SIP in ELSS.

A 55-year-old subscriber approaching withdrawal wants to compare annuity options — life only vs joint life with return of purchase price — on their projected Rs 80 lakh corpus.

Scope note: NPS return assumptions are projections, not guarantees — equity fund returns fluctuate with markets. Annuity rates shown are indicative; actual rates depend on the insurer and plan chosen at retirement. The calculator does not factor in NPS management charges (0.01% p.a.) or the impact of partial withdrawals on final corpus. Tax benefit calculations assume Old Tax Regime; NPS deduction under Section 80CCD(1B) is not available under the New Regime from FY 2024-25.

How to Use

Enter your current age and planned retirement age

Set your monthly NPS contribution amount

Choose expected return rate based on fund allocation

View your estimated retirement corpus and monthly pension

Frequently Asked Questions

The minimum annual contribution for NPS Tier I is Rs 1,000. There is no maximum limit. For Tier II, minimum is Rs 250.

NPS offers tax deduction under Section 80CCD(1) up to 10% of salary (within 80C limit of Rs 1.5 lakh) and additional Rs 50,000 under Section 80CCD(1B), making total NPS tax benefit up to Rs 2 lakh.

At retirement (age 60), you can withdraw up to 60% of corpus as tax-free lump sum. The remaining 40% must be used to purchase an annuity for monthly pension.

NPS returns depend on asset allocation. Equity funds (E) have historically returned 10-14% p.a., corporate bonds (C) 8-10%, and government securities (G) 7-9%. Actual returns vary by market conditions.

Yes. You can defer NPS withdrawal up to age 75 under the Deferral option. Corpus continues to grow tax-deferred during the deferral period. You can also do partial withdrawals for specific purposes like higher education or housing after 3 years of contribution.

Tier I is the mandatory pension account with lock-in until age 60 and tax benefits. Tier II is a voluntary savings account with no lock-in and no tax benefits (except for government employees). Tier II can be withdrawn anytime but requires an active Tier I account.

NPS offers the largest tax deduction (up to Rs 2 lakh) but forces 40% into an annuity taxable as income. PPF offers Rs 1.5 lakh deduction with fully tax-free maturity. ELSS has Rs 1.5 lakh deduction with 10% LTCG above Rs 1.25 lakh. NPS wins on deduction; PPF wins on tax-free corpus; ELSS wins on flexibility.