🏦 NPS Calculator - Plan Your Retirement

Understanding NPS Calculator and Retirement Planning

The National Pension System (NPS) is a voluntary retirement savings scheme designed to enable systematic savings during your working life. Our NPS calculator helps you estimate your retirement corpus and monthly pension based on your contributions and investment horizon.

How Does NPS Work?

NPS is a market-linked retirement savings scheme where your contributions are invested in equity, corporate bonds, and government securities. The scheme offers two types of accounts:

• Tier I Account: A retirement account with tax benefits and withdrawal restrictions
• Tier II Account: A voluntary savings account with no withdrawal restrictions

Key Features of NPS

• Minimum monthly contribution of ₹500 (₹1,000 for Tier II)
• Choice of investment options - Active or Auto
• Tax benefits under Section 80C (up to ₹1.5 lakh) and Section 80CCD(1B) (additional ₹50,000)
• Portability across jobs and locations
• Professional fund management

NPS Withdrawal Rules

At retirement (age 60), you must use at least 40% of your corpus to purchase an annuity. The remaining 60% can be withdrawn as a lump sum. Premature withdrawal is allowed under specific conditions after 3 years of account opening.

Benefits of Regular NPS Contributions

Regular contributions to NPS provide disciplined retirement savings, tax benefits, and the power of compounding. Starting early with consistent contributions can help build a substantial retirement corpus. Our calculator helps you visualize the growth of your investments over time.