NPS Calculator
National Pension System corpus projection.
Inputs
This calculator applies to India — the rules behind it are Indian tax/regulatory rules, not just the currency, so it isn't shown in other currencies.
This calculator is for general information only and isn't financial advice. Rates, tax rules, and your actual eligibility depend on your specific situation — check with your bank or a qualified advisor before acting on it.
Formula
Corpus = (Monthly contribution + Employer match) × annuity-due SIP formula
Monthly contributions (yours plus employer match) are invested at the start of each month and compound at the expected return until retirement. NPS uses market-linked returns — the rate you enter is an assumption, not a guarantee.
Worked example
Contributing ₹5,000/month with a matching ₹5,000 employer contribution for 25 years at an assumed 10% return builds an NPS corpus near ₹1.2 crore. At maturity, 60% can be withdrawn lump-sum (tax-free) and 40% must buy an annuity for monthly pension.
Where this can give the wrong answer
- Tier II NPS (voluntary savings without tax benefits) follows the same maths but different withdrawal rules — this calculator doesn't distinguish tiers.
- Actual NPS returns depend on asset allocation (equity/debt mix) and fund manager performance — 10% is optimistic for a conservative allocation.
- Employer NPS contribution up to 10% of basic is deductible for employers; employee gets additional ₹50,000 deduction under 80CCD(1B) beyond 80C — tax benefits aren't shown here.
FAQ
- EPF offers a guaranteed (though declining) interest rate and easier partial withdrawals. NPS offers market-linked returns, additional tax deduction, but mandates annuity purchase at retirement. Many salaried Indians have both.