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Calculator
NPS Calculator
Use this calculator to plan your retirement via NPS(National Pension Scheme), one of the best tax saving-investment schemes available.
Annuity percentage (%)
The subscriber will have to buy annuity plan from the chosen ASP, and atleast 40 per cent of the corpus will be invested in the scheme.
Expected annuity rate (%)
Rate of return on annuity is % return p.a on the amount allocated to annuity.
Note: To avail maximum tax benefit, contribute 10% of your Basic income + DA towards NPS
- Amount Invested
- Gains
- Invested Amount:
- Gains:
- Total corpus:
- Monthly pension:
FAQs about NPS calculator
The National Pension System (NPS) is a retirement savings scheme in India that is open to all citizens of India, including self-employed individuals, and employees of both the government and private sector. The NPS was introduced by the Government of India in 2004 as a defined contribution pension system, with the goal of providing citizens with a retirement savings plan that is portable across jobs and locations.
Under the NPS, individuals contribute a portion of their income towards their retirement savings, which is then invested in a variety of asset classes such as equity, corporate bonds, and government securities. As with other pension schemes, the NPS offers tax benefits to individuals who contribute towards it. The NPS is administered by the Pension Fund Regulatory and Development Authority (PFRDA).
An NPS calculator is a tool that helps individuals calculate their expected retirement savings under the National Pension Scheme (NPS) in India. To use the calculator, you need to enter some personal and financial information, such as your current age, expected retirement age, and annual contributions to the NPS. The calculator then uses this information to estimate the amount of money you will have saved upon retirement, based on various assumptions such as the expected rate of return on your investments.
It's important to keep in mind that the results of an NPS calculator are only estimates, and actual results may vary depending on a number of factors such as changes in market conditions and personal circumstances. It's always a good idea to consult with a financial planner or advisor before making any major financial decisions.
To use the NPS calculator, you will typically need to provide the following information:
Your current age: This is used to calculate the number of years you have left until retirement.
Your expected retirement age: This is the age at which you plan to stop working and start receiving benefits from the NPS.
Your annual contributions to the NPS: This is the amount of money you plan to contribute to the NPS each year.
The expected rate of return on your investments: This is the average annual return that you expect to earn on your investments.
Once you have entered this information, the NPS calculator will use it to estimate the total amount of money you will have saved upon retirement, based on the assumptions you have provided.
There are several reasons why you might want to use an NPS calculator:
To plan for your retirement: An NPS calculator can help you estimate how much money you will need to save in order to have a secure and comfortable retirement. By entering different assumptions about your age, retirement age, and annual contributions, you can see how these variables affect your retirement savings and make adjustments as needed.
To compare different investment options: An NPS calculator can help you compare the potential returns of different investment options, such as government securities, corporate bonds, and equity. This can help you make informed decisions about where to allocate your investments.
To track your progress: An NPS calculator can help you track your progress towards your retirement savings goals. By entering your current age, expected retirement age, and annual contributions, you can see how much you have saved so far and how much you need to save in order to reach your goals.
To make informed decisions: An NPS calculator can provide valuable information that can help you make informed decisions about your financial future. By understanding the potential returns on different investment options and the amount of money you will need to save to meet your retirement goals, you can make more informed decisions about your financial planning and investment strategies.
