NPS Calculator

Total investment ₹0
Interest earned ₹0
Maturity amount ₹0
Min. annuity investment ₹0

National Pension System (NPS) Calculator – Secure Your Retirement with Smart Planning 🏦

Calculate your future pension wealth with Money Compute’s National Pension System (NPS) Calculator! 📊🌟

NPS is a government-backed retirement savings scheme designed for all Indian citizens. Use our NPS Calculator to project your retirement corpus, monthly pension, and tax benefits, ensuring a stable and prosperous future after retirement. 🧓👵

What Is National Pension System (NPS)? 🤔

The National Pension System (NPS) is a voluntary, long-term retirement savings scheme managed by the Government of India. It encourages disciplined investment habits and offers market-linked returns, tax benefits, and flexible withdrawal options. Ideal for individuals seeking financial independence post-retirement. 🇮🇳

How the NPS Calculator Works 🧮

Estimate your retirement corpus and pension benefits by entering:

  • Monthly or yearly contribution amount

  • Current age and retirement age

  • Expected rate of return on investments

  • Percentage of annuity to be purchased and predicted annuity rate

The calculator projects accumulated wealth at retirement and the monthly pension you may receive.

How to Use Money Compute NPS Calculator 🚀

  1. Enter your current age (e.g., 30 years) 👤

  2. Enter planned retirement age (e.g., 60 years) 🎂

  3. Input monthly or annual contribution (e.g., ₹5,000/month) 💸

  4. Enter expected rate of return (e.g., 10% per annum) 📈

  5. Specify annuity purchase percentage (minimum 40%) and annuity rate (e.g., 6%) 💼

  6. Get instant results:

    • Projected retirement corpus 💰

    • Monthly pension receivable after retirement 🧾

    • Total contributions made and interest earned 💹

    • Estimated tax savings under Section 80CCD (1B) 💡

Key Benefits of the NPS Scheme 🏆

  • Market-linked returns with professional fund management 📊

  • Flexibility in contribution amounts and retirement age 🍃

  • Partial and lump sum withdrawal options at retirement 🏦

  • Attractive tax benefits under Section 80C and 80CCD 🧾

  • Choice of annuity plans for post-retirement income security 👴👵

Example Calculation 📋

Suppose you contribute ₹5,000 per month from age 30 to 60, expecting a 10% annual return and purchasing a 40% annuity at 6% annuity rate:

  • Projected retirement corpus ≈ ₹1 crore

  • Monthly pension (annuity from 40% corpus at 6% rate) ≈ ₹20,000 per month

  • Lump sum withdrawal (60% corpus) ≈ ₹60 lakh

Common FAQs About NPS ❓

  • Q1: Who can join NPS?

    • Any Indian citizen aged 18–70 years can enroll. 🇮🇳

  • Q2: What are the minimum contributions?

    • Minimum ₹500 for Tier I account and ₹1,000/year. 💰

  • Q3: Are NPS returns guaranteed?

    • No, returns depend on market performance but are managed by professional fund managers. 📈

  • Q4: Can I withdraw the full corpus at retirement?

    • Up to 60% can be withdrawn lump sum; minimum 40% must buy annuity for monthly pension. 🔄

  • Q5: What are the tax benefits?

    • Up to ₹2 lakh deduction under sections 80C and 80CCD. 🧾

Plan Your Financial Freedom with Money Compute NPS Calculator! 🚦

Take control of your retirement, maximize savings, and secure lifelong income. Try the NPS Calculator now and start planning a worry-free future! 🚀

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