Calculate National Pension System corpus and monthly pension at age 60. 80CCD tax savings, equity allocation, growth chart, and NPS vs PPF comparison — free and instant.
Step-by-step guide to get the most from this tool
Set current age (18–60) and monthly NPS contribution. Retirement is fixed at age 60.
Choose expected return and equity allocation (0–75%). Remaining splits between corporate bonds and govt securities.
Set annuity yield for pension estimate (default 6% p.a.).
See corpus, 60/40 withdrawal split, estimated monthly pension, tax savings, growth chart, and PPF comparison.
What makes this tool stand out
80CCD(1B) benefit card when contribution qualifies.
Line chart from current age to 60.
Lump sum vs annuity per NPS rules.
Equity slider with auto C/G split.
Side-by-side comparison at same monthly investment.
Verified NPS limits, tax sections, and withdrawal rules.
More free utilities you might find useful
Quick answers to common questions
National Pension System (NPS) is a government-backed retirement savings scheme in India. Tier 1 is mandatory with tax benefits; Tier 2 is optional with no lock-in. You can invest in equity (E), corporate bonds (C), and government securities (G).
Your monthly contributions compound at the expected annual return until age 60. We use monthly compounding: each deposit grows for the remaining months. The calculator shows year-by-year corpus growth from your current age to 60.
Under the old regime: Section 80CCD(1) allows up to ₹1.5 lakh (within 80C), plus an additional ₹50,000 under 80CCD(1B). Employer contribution under 80CCD(2) — up to 10% of salary — is available in the new regime too. Total possible exclusive NPS deduction: ₹2 lakh (1.5L + 50K).
At age 60, you can withdraw up to 60% of the corpus tax-free as lump sum. At least 40% must be used to buy an annuity for monthly pension (taxable as income). If corpus is below ₹5 lakh, 100% withdrawal is allowed.
NPS equity funds have historically returned 10–13% CAGR over long periods. Corporate bonds yield ~8–9% and government securities ~7–8%. Adjust the equity allocation slider to see a weighted return estimate, or set your own expected return.
We apply the annuity yield (default 6% p.a., editable) to the 40% annuity corpus and divide by 12. Actual pension depends on the annuity product, insurer, and purchase rates at retirement.
NPS offers higher return potential through equity but mandates 40% annuity purchase at maturity. PPF is risk-free at 7.1% p.a. with fully tax-free, withdrawable maturity. Use the NPS vs PPF tab to compare the same monthly investment.
Indian citizens aged 18 to 70 can open an NPS account. For corpus projection to retirement, we assume withdrawal at age 60 — the standard NPS maturity age for Tier 1.
Your data is processed entirely in your browser. Nothing is sent to any server.
Retirement at age 60 · 32 years to go
NPS equity funds historically returned 10–13% CAGR. Allocation-weighted estimate: 9.5%
Max 75% equity. Remaining split equally between corporate bonds (C) and govt securities (G).
Current market annuity rates are around 6% p.a. Pension income from annuity is taxable.
Corpus = P × [((1 + r)^n − 1) / r] × (1 + r)P is your monthly NPS contribution, r is the monthly return rate (annual return ÷ 12), and n is the number of months until age 60. At maturity, up to 60% can be withdrawn tax-free; at least 40% must buy an annuity for monthly pension. If corpus is below ₹5 lakh, 100% withdrawal is allowed.
| Symbol | Meaning |
|---|---|
| P | Monthly NPS contribution |
| r | Monthly return rate (annual return ÷ 12) |
| n | Months until retirement (60 − current age) × 12 |
Max 80CCD(1B) benefit: ₹50,000 deduction
Annual tax saving (30% slab): ₹15,000
Additional ₹50,000 under 80CCD(1B) is over and above the ₹1.5L 80C limit. Employer contribution under 80CCD(2) is available in the new regime too.