The Free NPS Calculator by Rest The Case is a handy tool designed to estimate your National Pension System (NPS) savings and future returns with ease. By entering details like your monthly investment, expected return rate (p.a.), and your age, the calculator provides an accurate projection of your retirement corpus and potential monthly pension. It simplifies complex calculations, saves time, and helps you make informed financial decisions. Whether you're just starting to save or planning for retirement, this tool empowers you to secure your financial future with confidence.
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The national pension scheme was introduced as a low cost investment vehicle that helps the general public to effectively build a portfolio for retirement by investing their money in a market based investment vehicle.
NPS Return Calculator provides Indian citizens with a greater opportunity to accumulate a retirement fund by investing in 4 different classes of assets per their choice.
Under Subsection 80 CCD 1B it provides an additional tax deduction of up to ₹50,000.
This exceeds the ₹1.5 lakh investment deduction allowed under Section 80C.
The NPS Pension Calculator computes the investment's maturity value based on the user inputs, as shown in the calculator steps.
To understand the NPS formula better, let us look at an example.
Say Mr ABC, age 25, plans to invest in an NPS as a part of his retirement plan.
He can invest ₹5,000 per month and has an aggressive investment strategy (capable of generating a 14% return) over a 35-year investment period (retirement age 60 – current age).
Based on the above inputs, the tool will produce the following results.
₹21 lakhs in principal invested.
He withdrew a lump sum of 40%, which means he took 60% of the money, or ₹3.37 crore.
Annuity money invested = ₹2.25 crore.
Expected monthly pension = ₹1.24 lakhs.
P*(1+r/n)nt = Maturity value
Calculates the estimated pension amount based on the contributor's age, gender, and contribution amount.
Allows the contributor to choose from different investment options and calculates the estimated pension amount based on the chosen option.
Provides an option to add a spouse as a joint contributor and calculates the estimated pension amount for both contributors.
Allows the contributor to choose a different pension starting age and calculates the estimated pension amount based on the chosen age.
Provides an option to include additional contributions towards the pension and calculates the impact on the estimated pension amount.
Allows the contributor to view a detailed breakdown of the calculations and the assumptions used in the pension calculation.
Provides an option to save and print the pension calculation results.
It can reduce the overall complexities involved in calibrating the retirement fund.
Anyone can access the RTC NPS pension plan calculator online and it is free of cost.
The NPS Pension Plan Calculator is a computerised tool that assists investors in calculating NPS returns based on various scenarios and estimating the corpus generated by NPS investments.
It allows the investor to calculate the total amount and unity that can be received as per the tenure and interest choices made by the investor.
One can also calculate the total amount of NPS investment required to reach the retirement fund.
The NPS Pension Plan Calculator displays the tax savings that NPS investors would receive under Section 80C.
Helps with overall financial planning by handling retirement calculations. Investors can then concentrate on their other financial objectives on their own.
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Anyone who is contributing to or planning to contribute to the National Pension Scheme (NPS) can use the NPS Calculator. This Includes:
It's Useful for Anyone Looking to Plan and Track Their Retirement Savings.
No, the NPS Calculator can’t Predict the Exact Amount you will Receive. It Provides an Estimate based on your Inputs and Assumptions, but Actual Returns may vary due to Market Changes and Factors.
The Calculator will use these details to Estimate your Future Savings.
The NPS Calculator can be based on either monthly or yearly Contributions, Depending on Your Preference. You enter the amount you plan to contribute in your chosen frequency, and It Calculates Your Future savings accordingly.
Are you looking for an easy way to calculate your investments online? Get a clear picture of your financial future, with just a few clicks. Check out now and start investing like a pro!
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