Is starting NPS late at 45 with ₹15,000/month for 15 years worth it?
Based on these numbers, this NPS contribution builds a corpus of about ₹62,68,864 — ₹37,61,318 available as lumpsum withdrawal, ₹25,07,546 going toward annuity purchase.
What is an NPS calculator?
An NPS (National Pension Scheme) calculator projects your retirement corpus from regular contributions, then shows how it splits between a tax-free lumpsum withdrawal and the portion that must be used to purchase an annuity, per NPS withdrawal rules (minimum 40% annuitization).
What does "corpus" mean?
Corpus just means the total pot of money you’ve built up — your contributions plus all the growth on them. It’s a term used often in Indian retirement planning, but it simply means "your savings" at that point in time.
How much monthly pension will I actually get?
This calculator shows how your corpus splits between the lumpsum you can withdraw and the amount that must go toward buying an annuity — it does not show the resulting monthly pension amount, because that depends on the specific annuity plan and insurer you choose at retirement, which varies and isn’t something a generic calculator can know in advance. Once you know your annuity corpus from this calculator, check current annuity rates from NPS-empanelled insurers (available on the NPS Trust website) to estimate the monthly pension it would buy.