With this calculator, you can figure out how much you will get from your pension and lump sum when you retire. The choice you have to make is how much to put into the NPS each month. The more money you put into investments, the more money you can save, and the bigger the pension would be in the long run. NPS is a good way to save for retirement because of the power of monthly compounding.
NPS is a defined-contribution plan. It lets the NPS subscriber put money into their NPS account on a regular basis while they work. The money saved can be used to buy an annuity in the future. The scheme is made to be a long-term method for all Indian citizens to have enough money to live on when they retire.
What is the NPS calculator?
The NPS calculator lets you figure out how much you will get each month and all at once when they retire. The calculation is based on the monthly contribution, the expected annual rate of return on the investment, the percentage of the corpus that is used to buy an annuity, and the expected annual rate of return on the annuity.
How to Use the NPS Calculator?
Age of retirement
Percentage of corpus used to purchase annuity
Once you put in these numbers, our calculator will figure out how much you will get as a pension and as a lump sum when you retire.