Investment per month

₹

Expected return (p.a)

%

Your age

Yr

Total investment | ₹ |

Interest earned | ₹ |

Maturity amount | ₹ |

Min. annuity investment | ₹ |

The National Pension System or NPS is a measure to introduce a degree of financial stability for Indian citizens after they have retired. It was previously known as the National Pension Scheme. Anyone over the age of 60 is eligible to use the amount gathered in the pension corpus. You will need an **NPS calculator** to determine how much the total accumulation amounts to.

Any resident of the country who is between 18 and 60 years of age is eligible to build up a pension corpus. It is an investment and an asset after retirement. Since most people in India have private jobs with little security, they need a **National Pension Scheme calculator**. Pension schemes in the country are not market-linked instruments and earn sound returns.

Here are the ways the **NPS pension calculator** will assist you.

- It provides you with the amount of money which you are entitled to in the future. The pension amount is an investment and not a liability. Using an
**NPS calculator online**is essential to determine the total corpus. - Under the existing legislature, no individual can withdraw the entire amount of post-retirement. Besides, 40% worth of the total sum must be invested in annuities. Furthermore, the remaining 60% is subjected to taxation too. All these figures will be disclosed in detail once you start using our
**NPS scheme calculator**. - The calculator never errs. If you have ever tried to manually calculate the pension amounts, you will understand how tough it is. Thankfully, our
**NPS calculator in India**will automate the entire process. - Lastly, you can now determine the taxation regime on pension funds, the total amount you will have every month-end and several other details- all via the calculator.

NPS, like all pension schemes around the world, uses compounding interest to calculate returns.

The formula that the National Pension Scheme calculator India uses is:

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

In the equation, the amount is **A**. The other variables are the following.

P |
Principal sum |

R/r |
Rate of interest per annum |

N/n |
Number of times interest compounds |

T/t |
Total tenure |

An example of how pension aggregates is essential here.

If you are 34 years old and your monthly contribution is Rs 3000, you will need to add to the pension account for 26 more years. Assuming that the rate of interest or ROI is expected at 10% every year, the following are the details the **National Pension Plan calculator** offers.

Total Principal invested= Rs 9.36 Lakh

Sum expected on Maturity = 44.35 Lakh

Follow the simple steps mentioned below to use the NPS calculator

Step 1: Enter the amount you want to invest every month towards your retirement corpus in the pension scheme

Step 2: Enter your present age

Step 3: Use the slider to select the expected rate of return

The results will be displayed within seconds.

These are the following:

- No more manual calculations. The right results every time.
- You will now know how much your pension amount will be. That will aid you in future planning.
- One-stop online calculation.

Likewise, Groww provides you with a wide range of other financial tools besides the NPS calculator. You will find them at the bottom of the page.

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