NPS Calculator - National Pension Scheme

Calculate your retirement corpus with National Pension Scheme (NPS). Plan your investments with tax benefits under Section 80C and 80CCD(1B) for a secure retirement future.

Retirement Planning Calculator

Tax Benefits Under 80C & 80CCD

NPS Investment Parameters

NPS Investment Disclaimer

NPS investments are subject to market risks

Returns are not guaranteed and depend on market performance

Partial withdrawal allowed only under specific conditions

Personal Details

Current Age

Yrs

30 Years

Retirement Age

Yrs

60 Years (30 years investment)

Investment Details

Monthly Contribution

₹

₹5,000 per month

Expected Annual Salary Growth

7% per annum

NPS Scheme Details

Expected Annual Returns

10% per annum

NPS Tier Type

Tier I: Retirement account with tax benefits | Tier II: Voluntary savings account

Asset Allocation Preference

Auto: Lifecycle based | Aggressive: High equity | Conservative: High debt

NPS Tax Benefits

Section 80C: Up to ₹1.5 lakhs deduction on employee contribution

Section 80CCD(1B): Additional ₹50,000 deduction for NPS (Tier I)

Section 80CCD(2): Employer contribution up to 10% of salary (Basic + DA)

Tax Free Withdrawal: Up to 60% of corpus at retirement is tax-free

NPS Investment Strategy

Start NPS early to maximize compounding benefits and retirement corpus

Utilize additional ₹50,000 tax deduction under Section 80CCD(1B)

Choose Auto Choice for automatic asset allocation rebalancing

Consider increasing contribution with salary growth for better retirement corpus

NPS Retirement Projection

Tier I Account - Auto Choice

₹2.2 Cr

Estimated Retirement Corpus

₹21,641,724

Total Retirement Corpus at Age 60

₹15,974,077

Wealth Gained Through Returns

₹5,667,647

Total Investment

10%

Expected Returns

30 Years

Investment Period

₹43,283

Estimated Monthly Pension*

₹990,000

Estimated Tax Savings (30 years)

Corpus Breakdown

Investment vs Returns Breakdown

Retirement Readiness

✅ Your corpus can provide ₹42,000 monthly pension
✅ Wealth multiplier: 3.4x your total investment
✅ Estimated tax savings: ₹6.75 lakhs
💡 Consider increasing contribution for higher pension

Year-by-Year NPS Growth

Age	Year	Annual Contribution	Total Investment	Corpus Value	Returns
31	1	₹60,000	₹60,000	₹66,000	₹6,000
32	2	₹64,200	₹124,200	₹143,220	₹19,020
33	3	₹68,694	₹192,894	₹233,105	₹40,211
34	4	₹73,503	₹266,397	₹337,269	₹70,872
35	5	₹78,648	₹345,044	₹457,508	₹112,464
36	6	₹84,153	₹429,197	₹595,827	₹166,630
37	7	₹90,044	₹519,241	₹754,458	₹235,217
38	8	₹96,347	₹615,588	₹935,886	₹320,298
39	9	₹103,091	₹718,679	₹1,142,875	₹424,195
40	10	₹110,308	₹828,987	₹1,378,500	₹549,514
41	11	₹118,029	₹947,016	₹1,646,182	₹699,166
42	12	₹126,291	₹1,073,307	₹1,949,721	₹876,414
43	13	₹135,131	₹1,208,439	₹2,293,338	₹1,084,899
44	14	₹144,591	₹1,353,029	₹2,681,721	₹1,328,692
45	15	₹154,712	₹1,507,741	₹3,120,077	₹1,612,335
46	16	₹165,542	₹1,673,283	₹3,614,180	₹1,940,897
47	17	₹177,130	₹1,850,413	₹4,170,441	₹2,320,028
48	18	₹189,529	₹2,039,942	₹4,795,967	₹2,756,025
49	19	₹202,796	₹2,242,738	₹5,498,639	₹3,255,901
50	20	₹216,992	₹2,459,730	₹6,287,194	₹3,827,465
51	21	₹232,181	₹2,691,911	₹7,171,313	₹4,479,402
52	22	₹248,434	₹2,940,344	₹8,161,721	₹5,221,377
53	23	₹265,824	₹3,206,168	₹9,270,300	₹6,064,131
54	24	₹284,432	₹3,490,600	₹10,510,205	₹7,019,604
55	25	₹304,342	₹3,794,942	₹11,896,001	₹8,101,059
56	26	₹325,646	₹4,120,588	₹13,443,812	₹9,323,224
57	27	₹348,441	₹4,469,029	₹15,171,478	₹10,702,449
58	28	₹372,832	₹4,841,861	₹17,098,742	₹12,256,880
59	29	₹398,930	₹5,240,792	₹19,247,439	₹14,006,647
60	30	₹426,855	₹5,667,647	₹21,641,724	₹15,974,077

NPS Performance Metrics

Total Investment (30 years) ₹5,667,647

Final Corpus Value ₹21,641,724

Wealth Gained (Returns) ₹15,974,077

Estimated Tax Savings ₹990,000

Wealth Multiplier 3.8x

NPS Withdrawal Options

Withdrawal Option	Percentage	Amount	Tax Treatment
Lump-sum Withdrawal	60%%	₹12,985,034	Tax-free
Annuity Purchase	40%%	₹8,656,690	Annuity income taxable
Estimated Monthly Pension	N/A%	₹43,283	Taxable as income

NPS Withdrawal Rules

Lump-sum Withdrawal: Up to 60% of corpus is tax-free at retirement
Annuity Purchase: Minimum 40% of corpus must be used to buy annuity
Partial Withdrawal: Up to 25% of contribution allowed after 3 years for specific purposes
Premature Exit: 80% of corpus must be used for annuity if exit before age 60
Annuity Income: Monthly pension from annuity is taxable as income

Why Invest in NPS?

Regulated & Safe

NPS is regulated by PFRDA, ensuring transparency and safety of your investments

Additional Tax Benefits

Extra ₹50,000 tax deduction under Section 80CCD(1B) over 80C limit

Market Linked Returns

Potential for higher returns compared to traditional pension plans

Flexible Contributions

Flexible investment options and contribution amounts with portability

Understanding National Pension Scheme (NPS)

What is NPS?

Definition: Government-sponsored pension scheme for retirement planning

Eligibility: All Indian citizens between 18-65 years

Regulator: Pension Fund Regulatory and Development Authority (PFRDA)

Portability: Account remains active regardless of employment changes

NPS Tier I vs Tier II

Tier I (Retirement Account): Mandatory, locked-in until age 60, tax benefits available

Tier II (Savings Account): Voluntary, flexible withdrawals, no tax benefits

Minimum Contribution: Tier I: ₹500 per contribution, Tier II: ₹250 per contribution

Account Maintenance: Tier I: ₹200 annually, Tier II: ₹100 annually

NPS Investment Strategy

Start Early: Begin NPS in 20s or 30s for maximum compounding benefits

Auto Choice: Recommended for most investors - automatic lifecycle rebalancing

Increase Contributions: Raise contributions with salary growth for better corpus

Tax Optimization: Utilize full ₹2 lakhs tax benefit (80C + 80CCD(1B))