NPS Calculator (National Pension System — E, C & G Funds)
Calculate your NPS retirement corpus and monthly pension by setting individual expected returns for each asset class — Equity, Corporate Bonds and Government Securities.
Contribution Details
Asset Allocation & Expected Returns
Active Choice allows up to 75% in Equity (E). Auto Choice (LC75) starts at 75% E and reduces automatically with age.
E — Equity
Nifty 50 index funds
C — Corporate Bonds
Rated corporate debt
G — Government Securities
G-secs & T-bills
At Retirement
Minimum 40% must be used to purchase an annuity.
Annuity rates from PFRDA-empanelled insurers typically 5–8%.
Result
Total Corpus
₹1,21,55,403
Lump Sum (Withdrawal)
₹72,93,242
Tax-free up to ₹72,93,242 (60% of corpus)
Annuity Corpus
₹48,62,161
Monthly Pension
₹24,311
Estimated at 6% annuity rate p.a.
Investment Period
30 years
Blended Return
10.30% p.a.
Corpus growth — invested vs total value (by age)
Retirement corpus split
Concept
The National Pension System (NPS) is a government-backed, market-linked retirement savings scheme regulated by PFRDA. It is portable across jobs and locations, making it one of the most flexible long-term retirement vehicles in India.
Subscribers allocate contributions across three asset classes with different risk-return profiles: E (Equity — Nifty 50 index funds, highest return potential), C (Corporate Bonds — AA+ rated debt, moderate returns), and G (Government Securities — lowest risk). Under Active Choice, you set your own mix with a maximum 75% in E. Auto Choice (Lifecycle Fund) starts at 75% E and gradually shifts to safer assets as you approach retirement.
At retirement, PFRDA mandates that a minimum of 40% of the corpus be used to purchase an annuity from an empanelled insurer, which provides a monthly pension for life. The remaining 60% can be withdrawn as a tax-free lump sum — making NPS EEE on the withdrawal portion.
NPS offers substantial tax benefits: contributions up to ₹1.5 lakh qualify for deduction under Section 80CCD(1) within the overall 80C limit. An additional ₹50,000 is deductible under Section 80CCD(1B) — exclusive to NPS and over and above the 80C ceiling — making it one of the highest total deduction limits available.
Formula
Variables
P₹/month- Monthly contribution to NPS.
E / C / G %- Allocation percentages across Equity, Corporate Bonds and Government Securities — must sum to 100%.
i- Monthly rate = blended annual return ÷ 12 ÷ 100.
n- Total months = investment years × 12.
Annuity %- Percentage of corpus used to buy an annuity — minimum 40% by PFRDA regulation.
Annuity Rate%- Annual payout rate from the insurer — typically 5–8% p.a. from PFRDA-empanelled insurers.