NPS calculator
See what a monthly NPS contribution builds by 60 — the corpus, the lump sum you can take tax-free, and the pension the compulsory annuity buys — before deciding whether the lock-in is worth the extra tax break.
Runs entirely in your browserRuns entirely on your device — nothing you type is sent anywhere. Educational only, and not investment advice.
How to use this calculator
Each step names a control you will find on screen above.
- Your age now
The calculator runs your contributions to age 60. The younger you start, the more of the corpus is growth rather than your own money.
- Monthly contribution
What you put in each month. NPS has no upper limit, but the extra tax deduction it unlocks is capped — see the note below.
- Expected return
NPS is a market-linked mix of equity and debt, so the return depends on your allocation. Something in the high single digits to low teens is the usual planning range; be conservative.
- Share used to buy an annuity
At 60 at least 40% of the corpus must be used to buy an annuity — a pension — and cannot be taken as cash. You can annuitise more, but not less.
- Annuity (pension) rate
The rate the annuity pays. It behaves like a fixed-income rate and is set by the annuity provider when you retire, so treat the figure here as an estimate.
Worked example: Starting at 30 with ₹5,000 a month
Age 30, contributing ₹5,000 a month to 60 at an assumed 10% return, annuitising the minimum 40% at a 6% annuity rate.
What to enter
- Your age now
- 30
- Monthly contribution
- ₹5,000
- Expected return
- 10%
- Share used to buy an annuity
- 40%
- Annuity (pension) rate
- 6%
What it shows you
- Corpus at 60
- ≈ ₹1.03 crore
- Tax-free lump sum
- ≈ ₹62 lakh
- Annuity corpus
- ≈ ₹41 lakh
- Monthly pension
- ≈ ₹20,600
on ₹18 lakh contributed over 30 years
60%, withdrawable tax-free
the compulsory 40%
6% on the annuity corpus, taxed as income
Where this is taught
A calculator gives you a number. These explain what the number means and when it misleads you.
- Market Basics12 minEPF, PPF and NPS: the accounts that quietly do the workThe three retirement accounts most Indians already hold, what each actually returns, how they are taxed, and where they should sit in an allocation.
- Risk & Psychology15 minThe allocation nobody has ever measuredThe app says 100 per cent equity and the household calls itself aggressive. Four other institutions hold the rest of the money, and on the only total that matters the figure is 40 per cent — which is why the prudent-sounding trim moves the household away from its target rather than towards it.
- Technical Analysis13 minA chart with no historyA demerged company lists on a Tuesday with no past at all. Every tool in this track needs a lookback window and there is not one, so the first weeks are read with borrowed structure or with none.
- Market Basics11 minActually starting: your first portfolioA concrete, defensible way to begin — what to buy first, how much, in what order, and the mistakes that make the first year unnecessarily expensive.
- Market Basics12 minAnnuities, NPS at sixty, and turning a corpus into an incomeBuilding the corpus is the part everyone plans for. Converting it into forty years of monthly income is the part almost nobody does — and the default option is rarely the best one.