NPS Calculator
Central government employees who joined on or after 1 January 2004 are in NPS. This projects the corpus your and the government’s contributions build as your pay rises, on top of what you already hold, and what it pays at retirement.
How to use this calculator
- Enter your monthly basic plus DA, the years to retirement, and what is already in your account.
- Enter how fast you expect your pay to rise each year.
- Enter the return you expect, the share of the corpus to buy an annuity with, and the annuity rate.
- Optionally enter an inflation rate, to see the result in today’s money.
- Choose the date, and calculate.
How it is calculated
You and the government each contribute a share of basic plus DA every month. The contribution rises once a year with pay, and the balance — including what you already hold — is compounded monthly at the return you assume. A year-by-year table shows it growing.
At retirement at least 40% of the corpus must buy an annuity, which pays the monthly pension; the rest can be withdrawn as a lump sum.
Returns are market-linked and not guaranteed, so a scenario table shows the result at several rates.
Worked example
A basic plus DA of ₹60,000 rising 5% a year for 25 years, with ₹2,00,000 already saved, at an assumed 9% return and 40% bought as an annuity at 6%: the result shows the corpus, lump sum and pension, and their value in today’s money at 6% inflation.
Run this worked exampleRelated calculators
- UPS vs NPS CalculatorThe assured UPS pension and lump sum on your projected last pay, against a market-linked NPS pension, and where the two cross.
- Old Pension Scheme CalculatorMonthly pension under the old defined-benefit scheme, pro-rated below full qualifying service.
- Retirement Corpus CalculatorWhat regular investing, stepped up each year, builds by retirement, year by year, and what it is worth in today’s money.
- EPF CalculatorMonthly EPF contributions, the split into the pension scheme, and the balance at retirement.
- Income Tax CalculatorTax on salary income under either regime, with the standard deduction, rebate and cess applied.
Where the jobs are
Indicative only. The official order or notification governs, and every figure should be checked against it before you act on it.