Banking
NPS Calculator
Projects retirement corpus from NPS contributions and estimates the mandatory annuity vs. lump-sum split at retirement.
Your details
yrs
₹
yrs
%
%
Total corpus
₹2,27,93,253
Lump-sum withdrawal (60%)
₹1,36,75,952
Estimated monthly pension
₹45,587
At retirement, you'll have a corpus of ₹2,27,93,253. You can withdraw ₹1,36,75,952 as a tax-free lump sum; the rest is annuitized into an estimated monthly pension of ₹45,587.
Total₹2,27,93,253
- Lump sum (60%, tax-free)₹1,36,75,952
- Annuitized (40%, locked)₹91,17,301
How this is calculated
Accumulation uses the SIP future-value formula on monthly contributions at the assumed blended return. At retirement, a minimum 40% of the corpus must be annuitized; up to 60% is withdrawable tax-free.
Frequently asked questions
What is the minimum NPS contribution?
₹500 per contribution / ₹1,000 per year minimum for a Tier 1 account, with no upper limit.
How much of NPS is tax-free?
Up to 60% of the corpus can be withdrawn tax-free at retirement; the annuity income is taxed as regular income when received.
What is Tier 1 vs Tier 2?
Tier 1 is the primary retirement account with withdrawal restrictions and tax benefits; Tier 2 is a flexible, voluntary savings account without those restrictions or the same tax benefits.
Can I choose my own asset allocation?
Yes — NPS offers Active choice (you set equity/corporate-debt/govt-bond allocation) or Auto choice (age-based glide path).