NPS Calculator
Check how much your monthly NPS savings could grow by 60 and what pension you might get each month after that.
How NPS works
NPS is a government retirement account where you put money in every month. That money gets invested in a mix of equity and bonds, and grows over the years. When you turn 60, you can pull out 60% as a lump sum (completely tax-free). The other 40% goes into an annuity that pays you a monthly pension for life.
The return rate you enter here is just an estimate. Past NPS equity funds have returned 9–14% over 10 years, while safer allocations sit closer to 7–9%. The annuity rate depends on which insurer and plan you pick. Most annuity plans right now pay 5.5–7% per year on the corpus. You can check current fund returns on the NPS Trust website.
Common questions
How much do I need to put in at minimum?
Each deposit needs to be at least ₹500, and you need to put in at least ₹1,000 per year to keep the account going. There's no upper cap. For tax benefits, 80CCD(1) covers up to 10% of basic salary + DA. On top of that, 80CCD(1B) gives you an extra ₹50,000 deduction beyond the ₹1.5 lakh 80C limit.
Can I take all my money out at 60?
Not all of it. You get 60% as a lump sum, tax-free under Section 10(12A). The remaining 40% has to be used to buy an annuity for monthly pension. One exception: if your total corpus is ₹5 lakh or less, you can take everything out at once.
What if I need money before 60?
After 3 years, you can pull out up to 25% of your own contributions for specific reasons like your child's education, buying a house, or medical treatment. If you exit completely before 60, only 20% comes as cash and 80% must go into an annuity. Full rules are on the PFRDA website.