National Pension Scheme (NPS) Calculator
Plan your retirement with our NPS Calculator. Estimate your retirement corpus and monthly pension based on your contributions and investment strategy.
Your NPS Details
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Estimated Retirement Corpus at age 60
Understanding the National Pension Scheme (NPS)
The National Pension Scheme (NPS) is a government-sponsored retirement scheme that combines market-linked returns with the security of regulated pension funds. It’s designed to help you build a retirement corpus during your working years and then receive a regular pension after retirement.
NPS has two phases:
Accumulation Phase: During your working years, you contribute regularly to your NPS account. Your contributions are invested in a mix of equity, corporate bonds, and government securities based on your risk preference.
Distribution Phase: At retirement, you can withdraw up to 60% of your corpus as a lumpsum (tax-free). The remaining 40% must be used to purchase an annuity that provides you with a regular monthly pension.
Register with a POP or online through eNPS
Select from government-approved fund managers
Decide your equity/debt allocation based on risk
Make monthly/quarterly contributions to grow your corpus
Benefits of NPS
- Tax benefits under Section 80C and 80CCD(1B)
- Flexible contribution amounts and frequencies
- Choice between active and auto investment options
- Portability across jobs and locations
- Low-cost pension scheme regulated by PFRDA
- Partial withdrawal options for specific needs
- Attractive long-term returns through market exposure
- Option to choose annuity service provider at retirement