NPS Calculator
Plan your retirement with the National Pension System (NPS) calculator.
Input Details
Result at Age 60
*Assuming 6% annuity rate on remaining 40% corpus
What is NPS Calculator?
An NPS (National Pension System) Calculator helps you estimate your retirement corpus and monthly pension based on your monthly contributions. NPS is a government-backed retirement planning scheme that helps you build a retirement corpus through systematic investments and provides a regular pension after retirement.
Our NPS Calculator calculates your retirement corpus at age 60 based on your monthly investment, current age, and expected returns. It shows you the total amount invested, total interest earned, and estimates your monthly pension based on the annuity corpus (40% of maturity amount must be used for annuity purchase).
Key Features of National Pension System
- Retirement Age: 60 years (can be extended up to 70 years)
- Minimum Investment: ₹500 per month (₹6,000 per year)
- Tax Benefits: Up to ₹1.5 lakh deduction under Section 80C, additional ₹50,000 under Section 80CCD(1B)
- Withdrawal Rules: 60% can be withdrawn tax-free, 40% must be used for annuity purchase
- Flexible Investment: Choose between equity, debt, and government securities based on risk appetite
- Pension Income: Regular monthly pension after retirement through annuity
Advantages of Using Braihn's NPS Calculator
- ✓Retirement Planning
Get accurate estimates of your retirement corpus and monthly pension to plan your retirement effectively.
- ✓Pension Estimation
Understand how much monthly pension you'll receive based on your NPS contributions and annuity rates.
- ✓Tax Benefits Visualization
See the tax benefits available under Section 80C and 80CCD(1B) for your NPS investments.
- ✓Goal-Based Planning
Calculate how much you need to invest monthly to achieve your desired retirement corpus and pension.
- ✓Free Retirement Planning Tool
Plan your retirement without any cost. No registration required - use our calculator anytime.
Frequently Asked Questions
What is the minimum investment in NPS?
The minimum investment in NPS is ₹500 per month or ₹6,000 per year. There's no maximum limit, but tax benefits are available only up to ₹2 lakh (₹1.5 lakh under Section 80C + ₹50,000 under Section 80CCD(1B)).
Can I withdraw money from NPS before retirement?
Partial withdrawal (up to 25% of contributions) is allowed after 3 years for specific purposes like children's education, marriage, or medical emergencies. However, early exit before 60 years is allowed only after 10 years of contribution, with restrictions.
What happens to my NPS account after retirement?
At retirement (age 60), you can withdraw 60% of the corpus tax-free. The remaining 40% must be used to purchase an annuity (pension plan) that provides regular monthly pension. You can also defer withdrawal and continue investing until age 70.
Is NPS better than PPF for retirement?
NPS offers higher potential returns (equity exposure) and additional tax benefits, but requires annuity purchase (40% corpus). PPF offers complete flexibility and tax-free withdrawals. NPS is better for those seeking higher returns and willing to accept annuity, while PPF is better for those wanting complete control.
What is the expected return on NPS?
NPS returns vary based on your asset allocation. Equity funds may give 10-12% returns, while debt funds may give 7-9% returns. The actual return depends on market performance and your chosen fund manager. Our calculator uses an average expected return that you can adjust.
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