Calculate the retirement corpus, mandatory annuity purchase, and monthly pension of the NPS (National Pension System). Section 80CCD(1B) extra Rs 50K deduction (above Sec 80C).
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NPS (National Pension System) is a PFRDA-regulated retirement savings scheme. It is mandatory for Government employees (NPS replaced OPS in 2004) and voluntary for the private sector and self-employed. Asset allocation: Equity (E), Corporate Debt (C), Govt Securities (G), Alternative (A). Tier-1 (retirement, lock-in till 60) + Tier-2 (flexible withdrawal).
This free NPS Calculator takes as input your current age, retirement age (default 60), monthly contribution, expected return mix (default 10% based on aggressive equity allocation), and annuity rate (default 6.5% — current LIC/SBI Life rates). Outputs: Final corpus at retirement, Lumpsum (60% mandatory, tax-free), Annuity (40% mandatory, taxable monthly pension), Effective monthly pension.
Tax benefits — the biggest advantage of NPS: - Section 80CCD(1): Up to 10% of basic salary (salaried) or 20% of gross income (self-employed), within Sec 80C limit Rs 1.5L - Section 80CCD(1B): ADDITIONAL Rs 50,000 deduction ON TOP of 80C — UNIQUE to NPS, no other instrument has this - Section 80CCD(2): Employer contribution up to 14% of basic (govt) / 10% (private) — UNLIMITED, no cap
Old vs New Regime: 80CCD(1B) Rs 50K is available ONLY in the Old Regime. 80CCD(2) employer contribution is available in BOTH regimes.
NPS withdrawal rules: - Age 60: 60% lumpsum (tax-free), 40% must purchase annuity (monthly pension till death, taxable per slab) - Premature exit (before 60, 10 yrs): 80% annuity + 20% lumpsum - Death: Full corpus to nominee (tax-free) - Critical illness / disability: Earlier withdrawal allowed
Auto Choice vs Active Choice: - Auto: PFRDA decides equity-debt mix based on age (LC25, LC50, LC75 — Life Cycle options) - Active: You choose — Equity max 75% (declining 2.5% per year from age 50). Aggressive investors prefer active.
NPS vs PPF vs EPF: - NPS: Higher return potential (equity exposure), 80CCD(1B) extra Rs 50K, but 40% locked in annuity - PPF: 7.1% guaranteed, fully tax-free at maturity, no equity - EPF: 8.25%, employer matches your contribution (12% basic each), mandatory salaried
Recommended: Diversify across all 3. NPS for the unique 80CCD(1B) benefit and equity exposure.
You can use this same tool for free in Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Ahmedabad, Sirsa, and Mandi Dabwali. Seamless across mobile and desktop. You can also share the PDF directly on WhatsApp.
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