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NPS Calculator

The NPS Calculator is a valuable tool that helps estimate your future retirement corpus and monthly pension under the National Pension Scheme (NPS). By entering details like your contributions and expected rate of return, one may get to know a clear picture of how monthly SIPs result in compounding interest, growing into a substantial pension corpus over time. This tool simplifies retirement planning and provides a clear view of your financial future. Check your returns on the NPS calculator online.*
Calculate Your Returns
I know my
Investment Amount
Goal Amount
Investment Amount
Your Current Age
Years
Rate of Interest (In %)
%
Min: 1 % Max: 15 %
Goal Amount
Your Current Age
Years
Rate of Interest (In %)
%
Min: 1 % Max: 15 %
Understand your Returns
See Pension/mon
Total Investment
₹1,00,000
over 23 years
Maturity Amount
₹ 1,00,000
@ 7% p.a
Understand your Returns
Total Amount Invested
Amount After Maturity
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Writer Palak
Written ByPalak Bagadia
AboutPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry.
Writer Ritu
Reviewed ByRituraj Singh
AboutRituraj Singh
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Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 10th December 2024
Modified on: 15th January 2024
Reading Time: 10 Mins
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What is a National Pension Scheme Calculator?

The National Pension Scheme Calculator is an easy-to-use and effective tool for planning your retirement savings. It helps you understand how regular contributions grow over time through compounding, turning small amounts into a significant corpus. The calculation of National Pension Scheme returns is simplified, allowing you to estimate your future savings*


This calculator for NPS also estimates the monthly pension you can receive by allocating a portion of your corpus to an annuity plan. You can adjust inputs like monthly contributions and expected returns to see how they impact your retirement funds. The NPS Pension Calculator makes retirement planning more transparent, helping you achieve your financial goals with ease.

How Does an NPS Calculator Work?

An NPS Calculator is a useful online tool that helps you estimate your future retirement savings and monthly pension. By entering details such as your age, investment duration, monthly contributions, and expected rate of return, the calculator provides you with: [3]

  • The total corpus you will accumulate by retirement.
  • The lump-sum amount you can withdraw at maturity.
  • The monthly pension is based on your chosen annuity percentage.

NPS Calculator simplifies the calculation process, eliminating the need for manual math. It helps you adjust your contributions and see how different amounts, investment periods, and return rates affect your retirement funds. Whether you are just starting or want to optimize your current plan, the NPS Calculator makes it easy to estimate your retirement outcome. It allows you to plan better, ensuring your financial goals are met by giving you a clear understanding of how much you need to save each month to achieve your desired pension. [3]

Formula for NPS Pension

The NPS Calculator simplifies calculations, but knowing the basic formula helps you make informed decisions. [3]

 Steps to Calculate NPS Corpus:
Total Corpus = Monthly Contributions × Number of Months + Returns Earned.
Returns are based on the compound interest formula:
A = P (1 + r/n) ^ (nt)
Where:
A = Total maturity amount
P = Monthly or annual contribution
r = Annual return rate
n = Number of times interest is compounded annually
t = Investment duration in years

Monthly Pension:

After maturity, at least 40% of the corpus must be used to purchase an annuity in Tier 1. Your monthly pension depends on: [2]

  • Annuity Allocation – Portion of the corpus used for the pension.
  • Annuity Rate – Return rate of the annuity plan.

Example:

If your corpus is ₹80 lakh and you allocate 50% (₹40 lakh) to an annuity at 6%, your annual pension will be ₹2,40,000. Monthly pension = ₹20,000.

Who Can Use the National Pension Scheme Calculator?[4]

The NPS Calculator is an invaluable tool for a wide range of individuals who wish to plan their retirement effectively.

Category Description

Government Employees

Secure an additional retirement fund alongside existing benefits.

Private Sector Employees

Diversify retirement savings and ensure a reliable income source post-retirement.

Self-Employed Professionals

Create a pension plan to support your lifestyle after retirement.

Young Investors

Leverage the power of compounding by starting early and maximizing long-term growth.

NRIs

Take advantage of NPS to plan for retirement while contributing from abroad.

Anyone eligible for NPS can use the calculator to align their investments with their financial goals, regardless of their current income level or employment type.

How to Use the NPS Calculator?[4]

Using the NPS Calculator is straightforward and requires only a few steps:

  1. Enter Personal Details

    Provide your current age and the age at which you plan to retire.
  2. Specify Contribution Amount

    Indicate your monthly or annual contribution to the NPS account.
  3. Set Assumptions

    Input the expected rate of return on your investment and the percentage of corpus to be allocated toward an annuity.
  4. View Results

    The calculator will display:
  • Total contributions over the tenure.
  • Estimated corpus at retirement.
  • Lump-sum withdrawal amount.
  • Monthly pension amount based on annuity allocation.

This tool allows for flexibility, enabling you to adjust inputs and see how changes in contributions or investment duration impact your retirement savings.

Benefits of Using NPS Calculator

It is always a good idea to stay informed about the potential outcomes of your current investment choices. The National Pension Scheme calculator is a valuable tool that helps you accurately estimate the future impact of your investment decisions. By using the NPS calculator, you can better understand how your monthly contributions and expected returns will shape your retirement corpus and pension. The benefits of using the NPS calculator are as follows: [3]

  1. National Pension Scheme calculator gives you results without the need for manual calculations [3]
  2. You will know the pension amount which will help you plan your future better [3].
  3. One-stop online calculation [3] that helps you evaluate your future needs and make financial decisions accordingly.
  4. You can access the NPS Calculator from any device, whether at home or on the go. It’s a convenient tool for planning your retirement anytime, anywhere. [4]
  5. Improved Decision-Making – The NPS calculator helps investors by giving them a broader outlook by estimating returns and potential lump sum or annuities based on different scenarios. It analyzes various options, providing a clear view of outcomes to aid in effective planning [4]
  6. Easy to Use – The NPS calculator is simple to use. Just enter a few details, and it will calculate your retirement savings for you. [7]

By leveraging this tool, you can ensure that your retirement goals are both achievable and aligned with your financial capabilities.

Conclusion

Planning for retirement is not just an option; it’s a necessity. The NPS Calculator simplifies the process, offering a clear roadmap for achieving your post-retirement financial goals. By understanding how your contributions, tenure, and investment choices impact your corpus, you can make informed decisions and secure a comfortable future. [4]

Key Takeaways

  • Start early to maximize the benefits of compounding.
  • Adjust contributions based on changing income levels.
  • Use the calculator regularly to track progress toward your goals.

With its simplicity and efficiency, the NPS Calculator empowers you to take control of your retirement planning, ensuring peace of mind in the future. *

Frequently Asked Questions

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