How NPS Calculator Works
This calculator projects your NPS corpus at retirement age 60. It assumes your monthly contribution grows at the expected return rate through compounding. At age 60, you can withdraw 60% as a tax-free lump sum and must invest at least 40% in an annuity that provides monthly pension.
The monthly pension amount depends on the annuity rate offered by insurance companies at the time of retirement. Current annuity rates range from 5% to 7% depending on the type of annuity chosen. The pension is taxable as per your income tax slab.