NPS Calculator

What This NPS Calculator Does

The National Pension System (NPS) is a government-regulated, market-linked retirement savings scheme. Contributions accumulate until age 60, at which point a portion must be used to purchase an annuity (a product that pays a regular pension), while the rest can be withdrawn as a lumpsum. This calculator projects your NPS corpus and the resulting estimated monthly pension.

The Formula

Your monthly contributions are projected forward to age 60 using the same SIP growth formula used elsewhere on this site. The resulting corpus is then split according to your chosen annuity purchase percentage (a minimum of 40% is mandated by NPS rules) - the annuity portion is assumed to generate a pension at a chosen annuity rate, while the remainder is shown as a withdrawable lumpsum.

How to Use It

Enter your current age, your monthly NPS contribution, the return you expect until age 60, and what percentage of the final corpus you plan to convert into an annuity (40% or more). The calculator shows your projected corpus at 60, how it splits between lumpsum and annuity, and an estimated monthly pension based on a representative annuity rate.

A Note on the Annuity Estimate

Actual annuity rates vary by provider and product and change over time, so the monthly pension figure here is only an illustrative estimate using a conservative representative rate - get a quote from an actual annuity provider closer to retirement for a precise figure. The accumulation-phase corpus projection, however, follows the same well-established SIP growth mathematics used throughout this site.

Who This Is For

NPS subscribers, or anyone considering NPS as part of their retirement plan, who wants a rough sense of how their monthly contribution could translate into a retirement corpus and pension.

Quick Example

A 35-year-old contributing ₹6,000/month until age 60 (25 years) at an expected 10% return builds a projected corpus of approximately ₹80,27,342 - with at least 40% of that going toward an annuity for a monthly pension, and the rest available as a lumpsum withdrawal.