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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.

About 4 min to an answer Free, no sign-up Runs in your browserRuns on your device
Read the lesson: EPF, PPF and NPS →
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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.

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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

on ₹18 lakh contributed over 30 years

Tax-free lump sum
≈ ₹62 lakh

60%, withdrawable tax-free

Annuity corpus
≈ ₹41 lakh

the compulsory 40%

Monthly pension
≈ ₹20,600

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.

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