NPS Calculator: Estimate Your Retirement Savings & Pension
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NPS Calculator

The National Pension System (NPS) Calculator gives you an estimate of how your retirement savings and monthly pension would grow over the years, if you start investing now.


Pension wealth on retirement

Principal Invested

Interest Earned

*Calculation based on your age and chosen Retirement age



Pension per month

What is the National Pension Scheme (NPS) Calculator?

A national pension system calculator is a tool used to estimate the amount of money a person will receive in retirement from their National Pension System investments. It takes into account factors such as contributions made, length of employment, and projected retirement age.

The National Pension Scheme works as an indispensable resource for those planning their retirement. This government-backed savings initiative has been structured in a way to help individuals with reliable financial security. The scheme, with the assistance of an National Pension System (NPS) calculator, is a perfect option for those willing for a security net in terms of finances, especially after their retirement. This tool allows individuals to calculate and plan their contributions effectively, ensuring a seamless transition into a financially secure retirement phase.

This versatile system at Kotak Mahindra Bank comes with a lot of benefits, rendering it a fabulous option for helping people plan their systematic contribution for golden years, with information to open an NPS account online. The initiative has several benefits and a substantial corpus, ensuring that one enjoys a steady income stream post-retirement.

Benefits of Using the NPS Calculator

  • Precision: Using our Calculator NPS provides an estimation that will completely depend on your retirement corpus and annuity income.
  • Simplicity: With Kotak Mahindra Bank’s NPS calculator, you can make complex calculations easy and make your retirement plans convenient and more accessible.
  • Informed Decisions: With an accurate estimation, you can make an informed decision about your NPS contributions well with your retirement plans.
  • Visualisation: Our handy tool will help you with your vision planning as it gives a clear picture of potential retirement benefits.
  • Goal Setting: Our National Pension Scheme calculator empowers you to set achievable savings goals, making your financial aspirations realistic and entirely attainable.

National Pension System (NPS) Calculation Formula

Our NPS pension calculator employs the formula for compound interest to calculate the retirement corpus aligned with the national pension scheme chart. The formula is as follows:

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


  • A represents the accumulated amount.
  • P is the principal sum.
  • r is the rate of interest per annum.
  • n is the number of times interest compounds.
  • t is the tenure.

Breaking it down:

  • Principal sum (P): The amount you initially contribute to your NPS account.
  • Rate of interest (r): The expected annual return on your contributions.
  • Number of times interest compounds (n): Typically, it's the number of times interest is compounded annually.
  • Total tenure (t): The number of years until your retirement.

If you invest Rs. 1,00,000 at 7% annual interest compounded annually for 20 years, your NPS corpus would be approximately Rs. 1,95,706.23.

How to use the online National Pension System (NPS) calculator?

To use the online NPS calculator and calculate NPS pension, follow these simple steps:

Step 1: Enter the monthly contribution amount you plan to invest in your NPS account for building your retirement corpus.

Step 2: Provide your current age in the specified field.

Step 3: Use the slider to select your expected rate of return on your NPS investments.

Once you've completed these steps, the NPS scheme calculator will swiftly compute your potential retirement corpus and annuity income, presenting the results within seconds. This NPS calculator for private employees empowers you to make well-informed decisions about your NPS contributions and retirement planning, even if you are planning an NPS volunteer retirement plan with Kotak Mahindra Bank.

Who can use the NPS calculator in India?

The NPS return calculator is accessible to individuals who meet the eligibility criteria for investing in the National Pension System (NPS). This includes all Indian citizens aged 18 to 70 years. To initiate NPS investments, they must adhere to Know-Your-Customer (KYC) guidelines. Therefore, anyone within the specified age limit and following the KYC requirements can utilise the tier 1 NPS calculator.

Frequently Asked Questions

Can a subscriber open more than one NPS account?

No, a subscriber cannot open more than one Tier-1 NPS account.

Is it mandatory to open a Tier-2 account at the time of opening a Tier-1 account?

Opening a Tier-2 account is not mandatory when initially establishing a Tier-1 account. Tier-2 accounts are optional and serve as an additional option.

Can a subscriber open only a Tier-2nd account?

No, a subscriber cannot open a Tier-2 account without having a Tier-1 account. Tier-2 accounts are supplementary to Tier-1 accounts and require the existence of a Tier-1 account.

How many funds are there in NPS?

NPS offers four types of funds, including Equity, Corporate Debt, Government Securities, and Alternative Investment Funds. Subscribers can choose from these options for their investments.

Is NPS calculated monthly or yearly?

The NPS is calculated yearly based on the contributions made by an individual during that year. Contributions are deposited into a pension account, and the final amount is determined by factors such as the individual's age, the length of time the account has been open, and the investment returns.

Is the NPS calculator applicable to all types of NPS accounts?

The NPS calculator applies to all types of NPS accounts, including Tier 1 and Tier 2 accounts. It calculates the expected pension amount based on contributions, investment returns, and the individual's age and retirement plans.

Can I use the NPS calculator to plan for my retirement?

Yes, you can use the NPS calculator to plan for your retirement. By inputting your current age, desired retirement age, expected monthly investment, expected ROI, and percentage of corpus to be allocated for the purchase of an annuity and expected returns from the annuity, you can estimate the amount of pension you will receive and adjust your savings accordingly.

What information do I need to use the NPS calculator?

To use the NPS calculator, you need to provide the following information:

  1. Your current age
  2. Desired retirement age
  3. Expected monthly investment
  4. Expected return on investment (ROI)
  5. Percentage of corpus to be allocated for the purchase of an annuity
  6. Expected returns from the annuity

Ready to take the next step?