Retirement/NPS Calculator
NPS Calculator
Your monthly NPS/DCPS contribution is a verified fact. Everything about your corpus at retirement is a projection built from assumptions you control — nobody knows future market returns.
Your details
Monthly NPS contribution
₹19,200
Projected corpus at retirement
₹1,69,98,411
What this calculates
Three genuinely different things, each with its own honesty level: your actual monthly NPS contribution today (a verified fact — 10% from you, 14% from the bank, on Pay + DA), a projected corpus at retirement (entirely dependent on assumptions about future pay growth and investment returns that nobody can guarantee), and how that corpus would split between lump sum and mandatory annuity under the withdrawal rule this platform believes applies to you — flagged as an inference, not a confirmed fact.
Formula
Contribution = 10% (employee) + 14% (bank) of Pay + DA, monthly. Corpus projection simulates year by year: each year’s contributions are added to the corpus, which then grows at your assumed return rate, while Pay + DA itself grows at your assumed rate for the following year. Withdrawal: 100% lump sum if the corpus is ₹8 lakh or less; otherwise up to 60% lump sum with a minimum 40% annuity.
Worked example
₹80,000 monthly Pay + DA, 20 years to retirement, 5% assumed annual pay growth, 9% assumed annual return: projected corpus = ₹1,69,98,411. Withdrawal split: ₹1,01,99,047 lump sum, ₹67,99,364 minimum annuity.
FAQs
Why isn't the corpus projection 'verified'?
Because it can’t be. NPS is market-linked — nobody knows what returns the next 10 or 20 years will bring, and pay growth over a career depends on increments, promotions, and future settlements that don’t exist yet. This figure exists to help you plan around different scenarios, not to predict your actual outcome.
Why is the withdrawal split marked 'Pending Verification'?
The 60/40 split is PFRDA’s confirmed rule for government-sector NPS subscribers. PSU bank DCPS/NPS contribution rates (10%/14%) mirror the Central Government structure, which is why this platform assumes bank staff fall under the same government-sector withdrawal rule — but that specific applicability hasn’t been confirmed against a PSU-bank-specific source, so it’s labeled honestly rather than asserted as certain.
Can I see my actual monthly pension from the annuity portion?
Not yet — that depends on age-based annuity rates from PFRDA-approved annuity providers, which vary by provider and haven’t been sourced into this calculator.
References
The 12th Bipartite Settlement’s DCPS/NPS contribution rates; current PFRDA withdrawal rules for the withdrawal split.