NPS Calculator (National Pension System)
Project your Tier I corpus from monthly contributions with compound growth, then split the corpus between lump sum and annuity purchase and see an illustrative monthly pension. Rules change — verify with PFRDA / your PoP.
Disclaimer: NPS has regulatory minimums, multiple fund managers, and evolving exit norms. Tax positions depend on salary and regime — treat outputs as learning aids, not tax or product advice.
Inputs
Minimum commonly 40% — adjust to see lump sum vs annuity trade-off.
Used here as a simple rate to illustrate monthly income from the annuity corpus.
Results
Estimated corpus at retirement
Year-by-year corpus (illustrative)
| Year | Cumulative invested | Est. corpus |
|---|
NPS basics (India)
NPS is a defined-contribution pension system: you invest regularly, choose asset allocation within allowed schemes, and at exit you typically use part of the corpus to buy a life annuity and withdraw the rest as lump sum (within regulatory limits). Returns are not guaranteed — we use your assumed growth rate only for illustration.
Tax benefits: Employee contributions may count within Section 80C limits; an additional deduction under 80CCD(1B) (up to ₹50,000 a year for Tier I) is widely used — confirm eligibility with your CA. Employer contributions have separate treatment.
Tier I vs Tier II: Tier I is the locked pension account; Tier II is more liquid and does not carry the same bundle of pension-only rules — many people focus on Tier I for long retirement savings.
Compared to PPF / EPF: PPF is a sovereign small savings product with a known rate rhythm; EPF is salary-linked; NPS is market-linked with pension fund choices — compare liquidity, tax on exit, and annuity requirement before choosing one as “the” vehicle.
Learn the rules
Check PFRDA / CRA portals for current exit and annuity norms.
Frequently asked questions
What is the minimum annuity portion under NPS?
Regulators require part of the accumulated corpus to be annuitized at exit, with the rest potentially available as lump sum within limits. Exact percentages depend on exit type and current PFRDA rules—this page lets you slide an annuity purchase percentage for what-if analysis.
Is the illustrated monthly pension guaranteed?
No. Annuity quotes, mortality charges, and market returns change over decades. The pension line uses your annuity corpus and assumed payout rate as a simple illustration only.
Why doesn't lump sum always show sixty percent?
Lump sum depends on how much corpus you allocate to annuity purchase. If you set forty percent to annuity, the complementary lump share in a simple two-bucket view is about sixty percent before taxes and charges.
Does this include employer matching or tax deductions?
We focus on contribution growth and exit split. Detailed tax treatment under 80CCD and employer contributions should be confirmed with a chartered accountant.
Can I change expected return mid-life?
Yes—rerun scenarios when you update your assumed return to reflect asset mix or market outlook.
Are contribution amounts uploaded?
No. Projections run entirely in your browser.