The NPS Calculator helps you figure out how much money you’ll have when you retire based on how much you save each month and the interest you expect to earn. It shows you your total savings, how much you earned from interest, and how much money you can withdraw each month after retirement.
Pension Calculator
Calculation Results
Total Investment:
Interest Earned:
Maturity Amount (Corpus):
Minimum Monthly Annuity (from 40% corpus):
Also Read : Government of India Investment Schemes
https://thebullbook.in/government-of-india-investment-schemes/
How the NPS Calculator Works
The NPS (National Pension System) calculator estimates retirement savings based on key inputs:
- Inputs:
- Monthly Contribution: Amount invested each month.
- Expected Return: Anticipated annual return (in percentage).
- Current Age: Age of the individual.
- Calculations:
- Years of Contribution: Retirement Age−Current Age\text{Retirement Age} – \text{Current Age}Retirement Age−Current Age
- Months of Contribution: Years of Contribution×12\text{Years of Contribution} \times 12Years of Contribution×12
- Future Value of Investment (Corpus): Calculated using the formula for the future value of a series of cash flows.
- Total Investment: Monthly Contribution×Months of Contribution\text{Monthly Contribution} \times \text{Months of Contribution}Monthly Contribution×Months of Contribution
- Interest Earned: Corpus−Total Investment\text{Corpus} – \text{Total Investment}Corpus−Total Investment
- Minimum Monthly Annuity: Based on 40% of the corpus and an assumed annual return (e.g., 6%).
- Output:
- Total Investment: Total contributed amount.
- Interest Earned: Earnings from investments.
- Maturity Amount (Corpus): Total accumulated amount at retirement.
- Minimum Monthly Annuity: Withdrawable monthly amount.
- Visualization:
- A pie chart displays the breakdown of the total corpus into contributions and earnings.
What is National Pension System(NPS)?
The National Pension System (NPS) is a retirement savings plan in India that helps people save money for their retirement. It allows you to invest regularly in different funds, depending on how much risk you want to take. NPS offers tax benefits and ensures you have money when you retire. When you retire, you can take out some money at once and use the rest to get a monthly pension.
