NPS Calculator

Here is how you can use the NPS Calculator:

1. Enter Your Current Age – Input your present age (e.g., 18 years).

2. Set Retirement Age – Choose the age at which you plan to retire (e.g., 60 years).

3. Specify Monthly Investment – Enter how much you plan to invest per month (e.g., ₹5,000).

4. Expected Rate of Return – Mention the annual return rate you anticipate (e.g., 10%).

5. Retirement Corpus in Annuity – Define the percentage of your corpus allocated for annuity (e.g., 40%).

6. Expected Annuity Rate – Enter the expected annuity rate (e.g., 6%).

7. View Results – The calculator will estimate:

   1. Total Investment – The total amount invested over time (e.g., ₹25,20,000).

   2. Total Retirement Corpus – The accumulated corpus at retirement (e.g., ₹3,90,44,162).

   3. Lump Sum Amount – The portion available for withdrawal (e.g., ₹2,34,26,497).

   4. Annuity for Pension – The portion allocated for regular pension payments (e.g., ₹1,56,17,665).

   5. Expected Monthly Pension – The estimated pension amount (e.g., ₹78,088).

This step-by-step approach helps you assess your future retirement corpus and expected pension earnings.

The National Pension Calculator is an essential retirement planning tool. This NPS pension calculator provides accurate corpus estimates by considering your age, contributions, and expected returns. It allows you to easily compare scenarios using the NPS calculator lumpsum feature for potential lump sum withdrawals and the monthly pension calculator for regular income projections. Tools like ICICI Bank’s NPS Calculator simplify complex calculations with a user-friendly interface, helping you make informed decisions. Making the most of these benefits enables you to create your retirement strategy smartly and secure your financial future.

Absolutely, the NPS Calculator evaluates maturity amounts for either NPS account category. Nevertheless, annuity or pension calculations apply solely to Tier 1 accounts because pensions remain unavailable within Tier 2 accounts.

Specifically developed to estimate the ideal retirement corpus and monthly pension, the NPS Calculator utilises user-supplied information to deliver personalised information. With this knowledge, savers can identify suitable targets and appropriately allocate resources.

Essentially, users must specify the planned monthly or yearly investment, current age, and investment strategy (i.e., aggressive, conservative, or moderate). Once entered, the NPS Calculator instantly displays the maturity value together with the estimated pension.

Members must consistently contribute sizable amounts and carefully select an aligned investment strategy towards achieving the target pension sum. Long-term commitment coupled with careful monitoring ensures alignment with personal retirement plans. Employing the NPS Calculator, users can reverse calculate the required investment based on their desired pension amount.

Annuity represents the periodic amount an NPS contributor receives from the designated Annuity Service Provider (ASP). Subscribers retain control over the proportion of pension wealth directed toward acquiring annuities.

In cases of normal retirement or superannuation, participants must allocate a minimum of 40% of their pension wealth toward annuity acquisition. On the contrary, early NPS exits mandate 80% of pension wealth allocation for annuitisation purposes.

No, tax implications are not factored into the calculator's calculations.

Indeed, you can effortlessly do so.