National Pension Scheme (NPS) Calculator
National Pension Scheme (NPS) Calculator
NPS Calculator helps you check how much corpus you can build with National Pension System:
My current age
I would like to contribute
(Per month)I would like to retire at the age of
My total years of contribution is
My Expected return on investment is
What you get:
Total Investment
₹ 25.20 Lakhs
Total Gain
₹ 7.31 Crores
Total Corpus
₹ 7.56 Crores
Calculate your monthly Pension
I would like to purchase annuity for
I am expecting an annuity rate of
Annuity value
₹ 3.02 Crores
Lumpsum value
₹ 4.53 Crores
Your expected monthly
pension will be
₹ 1.01 Lakhs
Annuity value
₹ 3.02 Crores
Lumpsum value
₹ 4.53 Crores
Your expected monthly
pension will be
₹ 1.01 Lakhs
What is the NPS Calculator?
What is the NPS Calculator?
The National Pension Scheme calculator is an online tool that helps you estimate the pension you will receive at maturity from your NPS.
It considers factors such as your age, monthly contributions, retirement age and expected returns to give you an idea of your future scheme value.
Annuity plans offered by
ICICI Prudential Life
ICICI Pru
Saral Pension
Key Features
- Pay just once and get a guaranteedg~ lifelong pension
- Reinvest your NPS corpus to receive immediate pension8
- Continue guaranteed pension for spouse with joint lifejl option
- 100% return of the purchase pricerp
- Buy online and get 1% extrae pension
- Tax* benefits on premium paid u/s 123 (read with Schedule XV, Sr. No. 1, 2 & 4 )* of the Income Tax Act, 2025
W/II/1721/2025-26
ICICI Pru
Guaranteed Pension Plan
Key Features
Immediate Annuity- Single premium plan to get guaranteedg~ income immediately for the rest of your life
- Purchase annuities from your savings or accumulated NPS corpus
- Annuity plan can cover either single or joint lifejg
- 100% Return of purchase pricepp on critical illness, permanent disability or death
- Tax* benefits on premium paid u/s 123 (read with Schedule XV, Sr. No. 5 ) of the Income Tax Act, 2025
W/II/1722/2025-26
ICICI Pru
Saral Pension
Key Features
- Pay just once and get a guaranteedg~ lifelong pension
- Reinvest your NPS corpus to receive immediate pension8
- Continue guaranteed pension for spouse with joint lifejl option
- 100% return of the purchase pricerp
- Buy online and get 1% extrae pension
- Tax* benefits on premium paid u/s 123 (read with Schedule XV, Sr. No. 1, 2 & 4 )* of the Income Tax Act, 2025
W/II/1721/2025-26
ICICI Pru
Guaranteed Pension Plan
Key Features
Immediate Annuity- Single premium plan to get guaranteedg~ income immediately for the rest of your life
- Purchase annuities from your savings or accumulated NPS corpus
- Annuity plan can cover either single or joint lifejg
- 100% Return of purchase pricepp on critical illness, permanent disability or death
- Tax* benefits on premium paid u/s 123 (read with Schedule XV, Sr. No. 5 ) of the Income Tax Act, 2025
W/II/1722/2025-26
How does the NPS calculator work?
The National Pension Scheme calculator is a simple tool that helps you calculate the future value of your investments in the National Pension Scheme. It calculates your potential retirement corpus based on different factors. You are typically required to enter details such as:
- Your current age
- Planned retirement age
- Monthly contribution amount
- Expected rate of return on your investment
Based on these inputs, the NPS calculator will calculate the corpus you would build by the time you retire.
It also estimates your monthly pension after retirement. This calculation depends on the portion of your corpus used to purchase an annuity plan and the expected annuity rate of return.
Illustration
Suppose Ravi starts investing in the NPS at the age of 30 and continues contributing for 30 years, until retirement at 60. He invests ₹ 5,000 per month, and the expected annual rate of return is assumed to be 10%.
Based on this, the NPS scheme calculator shows the following projections:
- Total investment: ₹ 18.00 lakh
- Total gains: ₹ 95.97 lakh
- Total corpus at maturity: ₹ 1.14 crore
At retirement, NPS rules require at least 20% of the corpus to be used to purchase an annuity plan. If Ravi uses 40% of ₹ 1.14 crore, the annuity purchase value would be:
- Annuity value (40%): ₹ 45.59 lakh
- Lump sum withdrawal (60%): ₹ 68.38 lakh
Based on Ravi’s assumed annuity rate of 4%, his expected monthly pension would be approximately ₹ 15,196.
How to use the NPS calculator?
Here are the steps to use the
ICICI Prudential Life NPS Calculator:
What are the Benefits of using an
Online NPS Calculator?
Free & Accurate
The online NPS calculator is free to use, which makes it accessible to everyone. It provides accurate results based on your input and helps you make informed decisions about your retirement planning.
Easy-to-Use Design
The calculator is designed to be clean, simple and user-friendly. It provides quick results and can be used by anyone without any hassle.
Tailored Results
The calculator customises the results based on your unique situation, including factors like your age, retirement age, contributions and investment duration.
Transparency
The NPS calculator offers transparency and gives you a clear view of your future investment. There are no hidden details, which helps you fully understand the potential growth prospects of your investment.
Who can use the NPS calculator?
Private sector employees
Private sector employees can use the NPS calculator to estimate their potential returns from the scheme. It allows them to factor in both their own contributions and any employer contributions and plan for retirement.
Government employees
Government employees can calculate their projected retirement corpus and plan their retirement more effectively using the NPS return calculator.
Self-employed
Self-employed individuals can use the NPS calculator to plan independent retirement contributions. The calculator can help them find out the required amount needed for their retirement and plan effectively.
Individuals approaching retirement
People nearing retirement can use the NPS calculator to assess whether their current NPS savings are sufficient to meet post-retirement needs. It also helps them estimate the annuity purchase value and expected monthly pension in retirement.
How is NPS calculated?
Understanding how your returns are calculated can help you plan your future expenses better and also spot errors in your planning. When you know your future returns, you can ensure their optimal use. You can also create a suitable retirement budget to make sure you do not outlive your savings.
Your NPS returns are calculated using compound interest. So, you can use the following formula to calculate your pension:
A is your final return
P is the initial principal sum
R is the interest rate
N is the number of times the interest is applied or compounded
T is the tenure
How does the National Pension Scheme work?
The national pension scheme is a voluntary retirement scheme in India that allows you to invest in a range of assets, including market-linked funds, government bonds, and alternative investment funds. You can choose a Pension Fund Manager (PFM) and select your preferred investment options within the scheme.
Your invested capital grows over the years. The accumulated corpus allows for a lump sum withdrawal of up to 60% upon retirement. You are required to invest the remaining 40% in an annuity from a life insurance provider.
Frequently Asked Questions
However, corpus received on withdrawal under Tier 2 accounts gets added to your taxable income and is taxed per the income tax slab rate as per the Income Tax Act, 2025.