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NPS Calculator – Calculate NPS Interest Rates & Returns Online

Calculate the returns on your NPS (National Pension Scheme) investment

I know my

Goal Amount

Expected Return (P.A)

Time Period


To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.


To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.

Total Investment Breakup

Lumpsum Investment

Interest Earned

Total Investment

Year Investment
Amount (₹)
Gained (₹)
Amount (₹)

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NPS Calculator

All you need to know about NPS Investment Calculator

The National Pension System or NPS formerly known as the National Pension Scheme. It is an attractive government scheme tailored for Indian citizens after they have retired. Thus, anyone above the age of 60 years of age is eligible to gather the amount in the pension corpus. This scheme not only provides an opportunity to gather money in four asset classes of your choice, but also enables an additional deduction for Indian citizens of Rs 50,000 under subsection 80 CCD (1B).

Since the majority of the country is in the corporate sector with little job security, they need a National Pension Scheme calculator. Pension schemes are not linked to market instruments and thus, offer stable returns.

What is an NPS Calculator?

An NPS Calculator or National Pension Scheme Calculator is a tool that helps individuals estimate the amount of pension they may receive upon retirement through the NPS scheme. By entering certain details like age, contribution amount, and expected returns, the calculator calculates the projected pension amount. It helps individuals plan for their retirement by providing an estimate of the potential benefits under the NPS scheme.


Thus, to empower the NPS investor to visualize the extent of their retirement corpus, smallcase presents the NPS scheme calculator that provides a simple online tool to calculate NPS pension amounts.

How Can a NPS Calculator Help You?

The NPS Calculator online is a helpful tool that may assist you in the following ways: 


  • Projection of Retirement Benefits: The NPS Calculator online helps individuals estimate the potential pension amount they may receive upon retirement based on their current age, contribution amount, expected returns, and other relevant factors.


  • Assessing Retirement Needs: By using the NPS Calculator, individuals can gauge whether their projected pension amount will be sufficient to meet their retirement needs. This allows them to make informed decisions and plan for a financially secure retirement.


  • Comparison of Scenarios: The NPS pension calculator enables users to compare different scenarios by modifying variables. This helps individuals evaluate the impact of these changes on their retirement benefits and make appropriate adjustments

Formula for Calculating Pension Amounts

Based on the inputs provided by the user, the National Pension Scheme calculator online calculates the maturity value of the investment using the underlying formula.


The formula that the National Pension Scheme calculator India uses is:


A = P (1 + r/n) ^ nt


The variables in the following NPS formula are: 


P Principal sum
A Amount
R/r Rate of interest
N/n The number of times interest compounds
T/t Number of years

Example for NPS Calculator Online

Here is an example to help you understand how the NPS calculator for government employees computes your monthly pension.


Let’s consider an example of a 24-year-old government employee named A who subscribed to the National Pension Scheme (NPS) and contributes ₹4,000 every month.


Assuming A continues making monthly contributions of ₹4,000 until the age of 60 (retirement age), let’s calculate the potential pension amount using some simplified assumptions:


  • Monthly Contribution: ₹4,000
  • Annual Rate of Return: 8% (for illustrative purposes)
  • Retirement Age: 60


The smallcase NPS calculator will show the results as follows: 


  • Total Investment Amount: ₹17,28,000
  • Interest Earned: ₹82,58,894
  • Maturity Amount: ₹99,86,894
  • Minimum Annuity Investment: ₹39,94,758

Who Can Use the NPS Calculator?

All individuals who wish to invest in the National Pension System or are just starting out with the process can use the NPS calculator for free. The simple and easy-to-use interface makes the National Pension scheme calculator ideal for everyday use. You can use the NPS pension calculator as many times as you need and it’s free to use. 


Thus, in terms of eligibility, the NPS rules state that Indian citizens over the age of 18 to 60 years are eligible to invest in the scheme. Also, all the applicants will be required to follow the KYC guidelines to start investing.

How to Use smallcase NPS Calculator?

Follow this step-to-step guide on how to use smallcase NPS calculator: 


Step-1: Enter the amount you wish to invest in the pension scheme every month for retirement. 


Step-2: Slide the bar to the expected NPS  return rate that you wish to have. 


Step-3: Enter your current age


At last, the smallcase NPS calculator will display accurate results within seconds.

What are the Benefits of Using the National Pension Scheme Calculator?

NPS Calculator in India is essential to determine the total amount of money that is saved for the future. Thus, let’s have a look at some of the benefits of using NPS pension calculator: 


  • It is accurate: The NPS return Calculator can help you estimate how much pension you will need to live comfortably in retirement with zero manual errors.


  • It saves time & effort: The National Pension Scheme Calculator eliminates the need for manual calculations and complex financial modeling.


  • It is flexible: The NPS Calculator offers flexibility by allowing users to modify various parameters such as contribution amount, tenure, and expected returns. 


Overall, the NPS calculator is a valuable tool that can help you plan for a secure retirement. If you are not sure how much pension you will need, or if you are not sure how to save for retirement, the NPS pension calculator can help. Likewise, smallcase Besides this, you can also use a wide range of calculators for your needs as mentioned below. These calculators are built with precision and are ideal for everyday usage.

Frequently Asked Questions

What is the current interest rate of NPS?

The current interest rate of NPS (National Pension Scheme) is subject to market fluctuations and is determined by the performance of the underlying investments. As of February 2020, it ranges from 9% to 12%.

What are the tax benefits under NPS?

Tax benefits under NPS include deductions under Section 80C (up to ₹1.5 lakh) and an additional deduction under Section 80CCD(1B) (up to ₹50,000) for contributions towards NPS.

Can I invest in NPS for 10 years?

Investing 80% of the accumulated corpus for annuity purchasing after 10 years is the only way to prematurely exit the NPS scheme. Other than this, one can exit the scheme only at superannuation or upon death.

How do I calculate my NPS corpus?

Your NPS corpus is the total amount of money that you have accumulated in your NPS account. It is calculated by adding up your contributions, investment returns, and any government subsidies.

Can the calculator tell me how much tax I'll owe when I withdraw money?

No, tax implications are not calculated even using the NPS calculation formula or when the calculation process is carried out by the NPS calculator in India.

What is Annuity?

An annuity is a financial product that provides a series of regular payments or income for a specific period or throughout a person’s lifetime.

What is the minimum contribution amount in NPS?

The minimum contribution amount for one year in NPS (National Pension System) is ₹500 for Tier I account and ₹1,000 for Tier II account.

Is it true that pension maturity values differ between tier-1 and tier-2?

This is a common misconception. The pension maturity values do not differ and thus, remain universal throughout the country.

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