Calculator for NPS
NPS Calculator
Our free NPS calculator is the best NPS calculator online for National Pension Scheme planning. Use this calculator for NPS to determine your retirement corpus, monthly pension amount, and optimal investment strategy. This NPS calculator online helps you plan your pension with accurate projections of maturity amount, annuity value, and lump sum withdrawal options. Perfect for retirement planning, our NPS calculator provides analysis of your National Pension Scheme investments with detailed breakdown of returns and pension benefits.
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NPS Calculator Results
Total Maturity Amount
After 0 years of investment
Investment Breakdown
Withdrawal Options
Investment Summary
Calculation Formula
Formula Used: A = P × [((1 + r)^n - 1) / r] × (1 + r)
A = Maturity Amount = ₹0
P = Monthly Investment = ₹2,000
r = Monthly Return Rate = 10% ÷ 12 = 0.8333%
n = Total Months = 0 years × 12 = 0 months
Calculation Breakdown:
Total Investment: ₹2,000 × 0 months = ₹0
Interest Earned: ₹0 - ₹0 = ₹0
Withdrawal Calculation:
Annuity Amount: ₹0 × 40% = ₹0
Lump Sum Amount: ₹0 × 60% = ₹0
Monthly Pension: ₹0 × 6% ÷ 12 = ₹0
Step-by-Step Guide
How to use the NPS calculator?
Use our NPS calculator online as the best calculator for NPS planning. Calculate National Pension Scheme returns, monthly pension, and plan your retirement with this NPS calculator online in 4 simple steps:
Enter Investment & Return Details
Input your monthly NPS investment amount and expected annual return percentage. Our NPS calculator uses these parameters to calculate your retirement corpus. Higher investments and realistic return expectations lead to better pension planning.
Set Age & Retirement Timeline
Enter your current age (18-65 years) and planned retirement age (50-75 years). This calculator for NPS determines your investment horizon for accurate maturity projections. The longer investment period allows more time for compound growth.
Configure Withdrawal Options
Set annuity percentage (minimum 40% mandatory) and expected annuity rate for monthly pension calculation. Our calculator provides flexibility to optimize between monthly pension and lump sum benefits.
Calculate NPS Returns & Pension
Get results showing total maturity amount, lump sum value, annuity amount, and monthly pension. This NPS calculator provides detailed breakdown of your National Pension Scheme investment with accurate retirement planning projections.
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Frequently asked questions
Visit our full FAQ page or get in touch with Frederic, Co-Founder of PayrollRabbit.
- An NPS calculator is a free online tool that helps you calculate National Pension Scheme returns, maturity amount, and monthly pension. Our calculator determines your retirement corpus, lump sum withdrawal amount, and annuity value based on your monthly investments, expected returns, and retirement timeline for accurate pension planning.
- Yes, our NPS calculator online is completely free to use. You can perform unlimited calculations for National Pension Scheme planning without any charges. This calculator for NPS helps individuals plan their retirement with accurate projections of maturity amount, monthly pension, and withdrawal options.
- NPS calculation uses the compound interest formula: A = P × [((1 + r)^n - 1) / r] × (1 + r), where A is maturity amount, P is monthly investment, r is monthly return rate, and n is total months. The calculator determines total invested amount, interest earned, lump sum value (up to 60%), annuity amount (minimum 40%), and monthly pension based on annuity rate.
- Monthly pension in NPS is calculated from the annuity amount purchased at retirement. Formula: Monthly Pension = (Annuity Amount × Annual Annuity Rate) ÷ 12. Minimum 40% of maturity amount must be used for annuity purchase. Our NPS calculator shows how different annuity percentages and rates affect your monthly pension income.
- NPS withdrawal rules: At retirement (age 60 or superannuation), you can withdraw up to 60% as lump sum (tax-exempt under Section 10) while minimum 40% must be used to purchase annuity for monthly pension (tax-exempt under Section 80CCD(5)). However, monthly pension income from annuity is taxable. Partial withdrawals up to 25% of self-contribution may be tax-exempt subject to PFRDA conditions.
- NPS minimum investment is ₹500 per contribution for Tier-I account (₹1,000 annually) or ₹250 per contribution for Tier-II account (no annual minimum). There is no maximum investment limit for NPS, though tax benefits are subject to various conditions and limits under different sections.
What is an NPS calculator?
Is this NPS calculator online free to use?
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How is the monthly pension calculated in NPS?
What are the withdrawal rules for NPS at retirement?
What is the minimum and maximum investment in NPS?
Disclaimer: We have taken great care and gave our best effort to ensure the accuracy of the information provided by this NPS Calculator. However, PayrollRabbit does not accept responsibility for any errors or omissions and makes no guarantees or warranties regarding the correctness of the results generated by this free tool. By using this tool, you agree not to hold PayrollRabbit liable for any consequences, issues, or damages arising from any inaccuracies in the results produced. We recommend double-checking all results and contact us if you have any questions, feedback or concerns.