NPS Calculator

Estimate your National Pension System (NPS) maturity corpus, lumpsum withdrawal, and monthly annuity payouts to secure a financially independent retirement.

Retirement Planning Tax Benefits Annuity Calculation

Investment Phase

₹
₹500₹1L+
%
5%15%

Retirement Phase

Under NPS rules, minimum 40% of maturity corpus must be converted to an annuity plan to receive a monthly pension.

%
40% min100% max

The interest rate at which your annuity provider will generate your monthly pension.

%
3%12%

Milestone Tracker (5-Year Intervals)

Age Milestone Cumulative Investment Cumulative Interest Total Corpus

NPS Regulatory Guidelines

Entry & Exit

  • Entry Age: 18 - 70 Years.
  • Maturity: Age 60 (can defer till 75).
  • Partial Withdrawal: After 3 yrs (max 25%).

Withdrawal Rules

  • Lumpsum: Max 60% (Tax-Free).
  • Annuity: Min 40% (used for pension).
  • If corpus < ₹5L: 100% lumpsum allowed.

Tax Benefits

  • Sec 80CCD(1): Up to ₹1.5L.
  • Sec 80CCD(1B): Additional ₹50k.
  • Corporate: CCD(2) extra benefits.

Asset Allocation

  • Equity (E): Max 75% for Active.
  • Corp Debt (C) & Govt (G).
  • Auto or Active choices available.

Understanding the National Pension System (NPS)

NPS is a voluntary, long-term retirement savings scheme initiated by the Government of India designed to enable systematic savings during the subscriber's working life.

Highly Regulated & Secure

NPS is regulated by PFRDA (Pension Fund Regulatory and Development Authority), ensuring high transparency and strict investment guidelines for your retirement savings.

Triple Tax Benefits

You can claim deductions up to ₹1.5 Lakh under Sec 80C, plus an exclusive additional ₹50,000 deduction under Sec 80CCD(1B), making it incredibly tax-efficient.

Annuity Requirement

At age 60, you MUST use at least 40% of the accumulated corpus to buy an Annuity from a life insurance company. This guarantees a regular monthly pension.

Tax-Free Lumpsum

You can withdraw up to 60% of your total maturity corpus completely tax-free at the time of retirement, giving you a huge cash buffer for post-retirement expenses.

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Frequently Asked Questions

Answers to common questions regarding NPS withdrawals, taxation, and rules.

Can I withdraw my money before age 60?
Yes, partial withdrawals up to 25% of your own contributions are allowed after 3 years for specific reasons (e.g., higher education, marriage, medical emergencies). Premature exit requires 80% of the corpus to be annuitized.
What is the difference between Tier I and Tier II?
Tier I is the mandatory, long-term retirement account with restricted withdrawals and tax benefits. Tier II is a voluntary savings account offering high liquidity (withdraw anytime) but without any tax benefits. You must have a Tier I account to open a Tier II account.
Are the returns in NPS guaranteed?
No, NPS is a market-linked product. Your funds are invested in Equity, Corporate Bonds, and Government Securities. The returns depend on the performance of the asset classes you choose.
Is my monthly pension taxable?
Yes. While the 60% lumpsum withdrawal at retirement is tax-free, the monthly pension you receive from the annuity is added to your income and taxed according to your applicable slab rate during retirement.
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