NPS Calculator – National Pension Scheme Returns

Our free NPS Calculator helps you estimate your retirement corpus and monthly pension from the National Pension Scheme. Enter your monthly contribution, expected annual return, years to retirement, and annuity rate to see how your NPS grows.

What is NPS?

The National Pension Scheme (NPS) is a government-sponsored pension programme in India open to all citizens. At retirement (age 60), at least 40% of the accumulated corpus must be used to purchase an annuity, which provides a regular monthly pension for life.

NPS Corpus Formula

The corpus at retirement is calculated using the Future Value of an annuity-due:

Corpus = P × [((1+r)ⁿ − 1) / r] × (1+r)

P = Monthly contribution
r = Monthly return rate (annual rate ÷ 12 ÷ 100)
n = Total months to retirement

Monthly pension = (40% of corpus × annuity rate) ÷ 12

Example

Monthly contribution ₹5,000 at 10% annual return for 30 years, 6% annuity rate:
n = 360 months, r = 0.10/12
Corpus ≈ ₹1,13,02,430 | Annuity corpus ≈ ₹45,20,972
Monthly pension ≈ ₹22,605

Frequently Asked Questions

Who can join NPS?: Any Indian citizen between 18 and 70 years of age can open an NPS account. Both salaried and self-employed individuals can contribute.
Is NPS investment tax-deductible?: Yes. Contributions up to ₹1.5 lakh qualify under Section 80C, and an additional ₹50,000 is deductible under Section 80CCD(1B).
What is the minimum NPS contribution?: The minimum contribution per year is ₹1,000 for Tier I accounts. There is no upper limit.
Can I withdraw NPS corpus before retirement?: Partial withdrawal (up to 25% of own contributions) is allowed after 3 years for specific purposes such as higher education, marriage, or medical treatment.