About this NPS calculator
The National Pension Scheme is a government-run retirement savings plan. You contribute regularly during your working years, and at retirement you can withdraw a portion as a lump sum and must use the rest to buy an annuity that pays a monthly pension.
This calculator projects your corpus from your monthly contribution, current age, retirement age and expected return. It then splits the corpus into the lump sum you can withdraw and the annuity amount, and estimates the monthly pension from the annuity rate.
NPS offers tax benefits under Sections 80C and 80CCD, and the annuity purchase of at least 40% is mandatory. Returns depend on your chosen fund managers and asset allocation.
Use it to see whether your contribution level will fund the retirement you want. Starting early makes a large difference because of compounding. Review your allocation periodically and consult a financial adviser.