The National Pension System (NPS) is a government-backed retirement scheme designed to help you build a substantial corpus for your golden years. What makes NPS special is the triple tax benefit: deductions on contributions, tax-free growth, and partial tax-free withdrawal at retirement. Whether you're a government employee with mandatory NPS or a private sector professional choosing it for tax savings and retirement planning, this calculator shows you exactly how much you'll accumulate and what monthly pension you can expect. With increasing life expectancy, planning for 25-30 years of retirement is no longer optional - it's essential.

Enter your current age and the age you plan to retire (typically 60). Input your monthly contribution - you can invest as little as ₹500 or go up to ₹2 lakhs per month with extra tax benefits under Section 80CCD(1B). Set your expected return rate: NPS offers multiple asset classes, with equity exposure delivering 10-12% historically, while conservative options offer 8-10%. The calculator shows your retirement corpus and estimated pension. Remember, at retirement, 60% of your corpus can be withdrawn (40% tax-free), while 40% must be used to buy an annuity for monthly pension. Experiment to find the contribution that meets your retirement income needs.

Your results show the total corpus at retirement, the amount available for withdrawal, and the amount that goes into annuity for pension. The pension estimate assumes a 6% annuity rate (typical market rate). Notice how even small monthly contributions grow to substantial amounts over 25-30 years. The power of NPS lies in consistent, long-term investing combined with tax benefits. Your take-home corpus (60%) can be used for any purpose, while the annuity provides lifelong monthly income. Consider your other retirement savings too - EPF, PPF, real estate - to build a comprehensive retirement plan. NPS should be part of your strategy, not the entire strategy.