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NPS Calculator

Your retirement corpus, lump sum and monthly pension.

The honest part

Projection

Year-by-year breakdown

Free NPS calculator for India

This free NPS calculator projects your National Pension System retirement corpus and the pension it can buy. Enter your monthly contribution, the years to retirement and an expected return, and it compounds your contributions to age 60, then splits the corpus: at retirement you can withdraw part as a tax-free lump sum and must use the rest (at least 40%) to buy an annuity that pays a monthly pension. It shows the corpus, the lump sum, the annuity amount and your estimated monthly pension. No sign-up.

Worked example

Contributing Rs 5,000 a month for 30 years at a 10% return builds a corpus of about Rs 1.13 crore. Taking 60% (Rs 68 lakh) as a tax-free lump sum and annuitizing 40% (Rs 45 lakh) at a 6% annuity rate gives a pension of roughly Rs 22,600 a month for life.

Why use Hisaab's NPS calculator

It models the full NPS payout, lump sum plus annuity pension, not just the corpus, and shows the corpus in today's money so you can judge whether it will be enough. NPS contributions also get an extra Section 80CCD(1B) deduction, which you can factor into the income tax calculator. Compare against a plain SIP or PPF.

For AI agents: URL-addressable as /nps/?monthly=5000&years=30&rate=10&annuity=40&annuityRate=6&country=IN. Docs at llms.txt.

How to use the NPS Calculator

  1. Enter your monthly NPS contribution.
  2. Set the years until you turn 60 (retirement).
  3. Set the expected annual return on the NPS corpus (often 9 to 11%).
  4. Set the share of the corpus used to buy an annuity (at least 40%) and the annuity rate.
  5. Read the corpus, tax-free lump sum, annuity corpus and estimated monthly pension.

Frequently asked questions

How is the NPS pension calculated?

Your monthly contributions compound to age 60 to form the corpus. At least 40% of it must buy an annuity; the annuity amount times the annuity rate, divided by 12, gives the monthly pension. The rest is a tax-free lump sum.

How much of NPS is tax-free at retirement?

Up to 60% of the NPS corpus can be withdrawn tax-free at 60. The remaining 40% (or more, if you choose) must be used to buy an annuity, and the pension from it is taxed as income.

What return should I assume for NPS?

NPS invests across equity, corporate bonds and government securities, so a long-run return of roughly 9 to 11% is common depending on your equity allocation. The rate is editable here so you can be conservative.

Does NPS give an extra tax deduction?

Yes. Beyond the Section 80C limit, NPS offers an additional Rs 50,000 deduction under Section 80CCD(1B), which is one of its main attractions. Model your tax with and without it in the income tax calculator.

Is this NPS calculator free?

Yes. It is completely free with no sign-up or ads, and shows the corpus, lump sum and monthly pension together.