Retirement
NPS Calculator
Project your retirement corpus, tax-free lumpsum and monthly pension under the National Pension Scheme.
NPS details
NPS Tier-1 long-term: 9–11%
Min 40% mandatory
Current LIC rates: 5.5–7%
Corpus at retirement
₹1,13,96,627
over 30 years
- Total invested
- ₹18,00,000
- Wealth gained
- ₹95,96,627
- Tax-free lumpsum
- ₹68,37,976
- Annuity corpus
- ₹45,58,651
- Monthly pension
- ₹22,793
60% lumpsum tax-free; annuity income taxed at slab. Actual annuity rate depends on your insurer at retirement.
Corpus split
- Lumpsum
- Annuity
Total: ₹1.14 Cr
Formula
How the math works
Corpus = P × [((1+r)ⁿ − 1) / r] × (1+r); Pension = (40%·Corpus × annuity rate) / 12
- P
- Monthly contribution
- r
- Monthly return = annual/12
- n
- Months to age 60
- Annuity
- 40% mandatory purchase
Method
How it works
- 1
Enter your current age and monthly NPS contribution.
- 2
Pick an expected return — 9–11% for balanced allocation (equity + debt).
- 3
Set the annuity rate you expect at retirement (5–7% typical).
- 4
CalcPe splits your corpus into 60% lumpsum and 40% annuity, and shows monthly pension.
Worked example
A quick walkthrough
Inputs
₹5,000/month from age 30 to 60 at 10% p.a., annuity rate 6%.
Steps
- Months = 360
- Corpus ≈ ₹1.14 Cr
- Lumpsum (60%) ≈ ₹68 L
- Annuity (40%) ≈ ₹45.6 L → monthly ₹22,793
Result
Tax-free lumpsum ≈ ₹68 L · monthly pension ≈ ₹22,793.
Why use it
Why CalcPe’s NPS Calculator
- Extra ₹50,000 deduction under Sec 80CCD(1B).
- Lowest-cost pension scheme in India.
- Auto-choice or active-choice equity/debt allocation.
- Lumpsum withdrawal at 60 is tax-free.
FAQ
Frequently asked questions
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