NPS Calculator
Instantly calculate your pension corpus at maturity using the NPS Calculator based on the monthly investment, expected rate of return, and your age.
Enter your details to calculate
Maturity amount
₹5,65,12,198
Investment value
₹90,00,000
Min. Annual Investment
₹2,26,04,879
Interest earned
₹4,75,12,198
National Pension Scheme (NPS), earlier known as National Pension System is a government-supported initiative designed to offer financial security during retirement to Indian citizens. This scheme promotes saving and investing to financially secure your retirement. Indian citizens can participate in the NPS by investing a fixed amount, which would compound over the investment years until they exit the scheme.
At retirement, the individual can choose to withdraw up to 60% of the corpus as a lumpsum amount, while at least 40% is used for purchasing an annuity from an insurance company, subject to applicable NPS exit rules. The subscriber can also defer the lump-sum withdrawal and annuity purchase, subject to applicable rules. Indian citizens between the ages of 18 and 70 years are eligible to join NPS under the All Citizen Model.
NPS contributions pooled from the investors are invested in market-linked instruments such as equity, corporate bonds, and government securities. The NPS funds are invested by the fund managers who are strictly regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Investors can claim tax deductions under Section 123 and an additional deduction under Section 124 of Income Tax Act 2025.
What is an NPS Calculator?
NPS Calculator is an online financial tool used to calculate the pension corpus at the maturity of your NPS investment based on the monthly investment, expected rate of return, and the age at which you started investing.
The NPS calculator will help you estimate the total investment amount, allowing you to plan and secure your retirement.
How to Use the NPS Calculator?
The NPS calculator is simple and easy to use.
- Step 1: Enter the amount you want to invest monthly towards your retirement corpus in NPS.
- Step 2: Enter the age at which you started contributing to NPS.
- Step 3: Enter the expected rate of return by using the slider or manually entering the percentage. Do note: The rate of return on NPS is linked to market performance and hence may vary.
Once you've entered all the details, the NPS calculator will instantly calculate the investment value, estimated interest earned, maturity amount, and minimum annual investment.
Benefits of Using the NPS Calculator
The following are the benefits of using the NPS calculator.
Clear Financial Goals
The NPS calculator calculates the total pension corpus at maturity so you can determine the right monthly investment amount required to achieve your desired retirement corpus.
Accurate Calculation
The calculator instantly and accurately calculates your estimated pension corpus based on the monthly investment amount, expected rate of return, and your age.
Saves Time
The calculator eliminates the need for complex manual calculations and the errors arising from them, offering accurate calculations within seconds.
Test Different Plans
You can test different investment scenarios by changing the inputs, such as investment per month, expected rate of return, and your age to find an investment plan that aligns with your retirement needs.
Formula for Calculating Pension Amounts
The NPS calculator uses the following formula to determine your pension corpus under the NPS.
A = P (1 + r/n) ^ nt
In the above equation,
- A = Pension corpus amount
- P = Principal sum
- R/r = Rate of return per annum
- N/n = Number of times the return compounds per year
- T/t = Investment tenure
Frequently Asked Questions
What is an NPS calculator?
How to use the NPS calculator?
What is the formula used to calculate the pension corpus at maturity in NPS?
Who can participate in NPS?