🏛️ NPS Calculator
Plan your retirement with the National Pension Scheme. Calculate your total retirement corpus, lumpsum withdrawal, and monthly annuity pension.
💡 Exclusive Tax Benefit: The NPS offers an additional tax deduction of up to ₹50,000 under section 80CCD(1B) of the Income Tax Act, over and above the standard ₹1.5 Lakh 80C limit!
Investment Plan
Your Current Age
30 Yrs
18 Yrs65 Yrs
Monthly Contribution (SIP)
₹5,000
₹500₹1.5 L
Expected Return on Investment
10.0%
6%15%
Retirement Settings (Age 60)
Annuity Purchase (Min 40%)
40%
40%100%
Mandatory portion of corpus converted into a monthly pension.
Expected Annuity Rate (Post-Retirement)
6.0%
4%12%
Interest rate provided by the life insurance company for your pension.
Total Retirement Corpus (At Age 60)
₹1,13,96,627
Est. Monthly Pension
₹22,793
Total Amount Invested
₹18,00,000
Total Interest Gained
₹95,96,627
Tax-Free Lumpsum Withdrawal
₹68,37,976
Annuity Reinvestment
₹45,58,651
84%
Wealth Gained
Invested
Gained
NPS Maturity & Withdrawal Rules
At Age 60 (Normal Retirement)
When you turn 60, your NPS account matures. Here is how your total accumulated corpus gets split:
- Lumpsum Withdrawal (Max 60%): You can withdraw up to 60% of your total corpus in one go. This amount is completely Tax-Free.
- Annuity Purchase (Min 40%): You are mandated to use at least 40% of your corpus to buy an Annuity (a regular pension) from an Annuity Service Provider (like LIC, HDFC Life, etc.).
Taxation on Pension
While the 60% lumpsum withdrawal is tax-free, the monthly pension you receive from the annuity is treated as regular income and will be taxable according to your income tax slab in your retirement years.
Early Withdrawal (Before Age 60)
If you wish to exit NPS before turning 60, strict rules apply. You are forced to utilize 80% of the accumulated corpus to buy an annuity, and you can only withdraw 20% as a lumpsum.