BAJAJ ASSET MANAGEMENT LIMITED.
BAJAJ ASSET MANAGEMENT LIMITED.
Estimate your retirement corpus, total investment and annuity allocation based on your age, monthly contribution and expected return.
An NPS calculator is an online tool that estimates the corpus you may accumulate through regular contributions to the National Pension System. The Bajaj AMC NPS calculator uses your monthly contribution, current age and assumed rate of return to project the corpus you may build by age 60.
The results provide a breakdown of:
Although NPS officially stands for National Pension System, the tool is also commonly referred to as a National Pension Scheme calculator or NPS scheme calculator. These terms generally describe a calculator used to estimate the possible value of NPS contributions at retirement.
The National Pension System is a defined-contribution retirement arrangement regulated by the Pension Fund Regulatory and Development Authority, or PFRDA. Contributions are invested through selected pension funds across permitted asset classes. The accumulated value depends on the amount contributed, investment performance, applicable charges and the investment period.
The Bajaj AMC NPS return calculator uses these variables to generate an estimated retirement corpus. It does not predict the amount a subscriber will receive because investment returns, annuity rates and NPS regulations may change over time.
The tool is most useful for comparing scenarios. For example, you can assess how changing your monthly contribution, starting at a different age or using a more cautious return assumption affects the estimate.
The Bajaj AMC NPS calculator provides an indicative projection using three key inputs. Follow these steps:
You can change the inputs to compare different contribution and return scenarios.
The calculator is an aid, not a prediction tool. It may provide only an indicative picture.
The Bajaj AMC NPS calculator brings the key elements of an NPS projection together, helping you compare retirement-planning scenarios more easily:
Our calculator shows how your monthly contributions may accumulate by age 60 at the assumed rate of return.
Compare different contribution amounts
You can increase or reduce the monthly contribution to see how the change affects your estimated NPS corpus.
Entering your current age helps you understand how the remaining contribution period may influence the estimate. Starting earlier provides more time for contributions to compound.
The results separate your total contributions from the estimated investment gains, helping you understand how each contributes to the projected corpus.
You can see how the selected annuity percentage affects the estimated amounts allocated towards purchasing an annuity and lumpsum withdrawal.
NPS is one route for retirement planning. You can compare the NPS projection with our retirement calculator to assess your broader retirement needs.
You can also use the SIP Calculator to estimate market-linked mutual fund investments or the PPF Calculator to assess a government-backed long-term savings option. Investors exploring a diversified retirement portfolio can also learn more about equity mutual funds. NPS, PPF and mutual funds differ in their risks, liquidity, taxation and return structures.
For fixed contributions made at the end of each month, the Bajaj AMC NPS calculator estimates the corpus using the future value of an ordinary annuity:
FV=P×(1+i)n−1iFV=P×1+in−1i
Where:
The calculator uses the estimated corpus to determine the other displayed values:
[Equation]
These calculations provide indicative estimates. Actual NPS outcomes may differ because returns are market-linked and can be affected by contribution timing, investment performance and applicable charges.
Suppose Xerxes is 32 years old and plans to invest ₹25,000 every month in NPS. He enters an expected annual return of 13% in the Bajaj AMC NPS calculator. Based on his current age, the calculator uses an investment period of 28 years:
| Calculator input or result | Amount |
| Monthly investment | ₹ 25,000 |
| Expected return per annum | 13% |
| Current age | 32 years |
| Investment period | 28 years |
| Total investment | ₹ 84,00,000 |
| Interest earned | ₹ 7,54,92,517.00 |
| Maturity amount | ₹ 8,38,92,517 |
| Minimum annuity investment | ₹ 3,35,57,006 |
Based on these inputs, the calculator estimates that Xerxes may accumulate ₹8,38,92,517 by age 60. This comprises his total investment of ₹84,00,000 and estimated earnings of ₹7,54,92,517. The calculator also displays a minimum annuity investment of ₹3,35,57,006, equivalent to 40% of the estimated maturity amount.
The results assume that the monthly investment remains unchanged and an annual return of 13% is earned throughout the 28-year period. Actual NPS returns are market-linked and may vary.
The figures shown are for illustrative purpose only
The Bajaj AMC NPS calculator can be used by prospective and existing NPS subscribers who want to estimate how regular contributions may accumulate by retirement. It may be useful for:
Our calculator provides indicative estimates only. It does not confirm NPS eligibility, open an account or recommend a contribution amount.
There is no single monthly contribution suitable for everyone. The amount should reflect your retirement goal, remaining investment period, income, expenses and existing savings. NPS All Citizen subscribers are not required to follow a monthly contribution schedule, although contributing regularly may support disciplined retirement planning.
Yes. NPS allows partial withdrawals of up to 25% of the subscriber’s own contributions for specified purposes, subject to the applicable conditions. Up to four partial withdrawals are permitted before age 60 or retirement, whichever is later, with at least four years between successive withdrawals.
Under the rules effective from 16 December 2025, an All Citizen subscriber may also qualify for a normal exit after completing 15 years in NPS or reaching age 60, whichever occurs earlier. An earlier exit is treated as premature. For a premature exit with a corpus above ₹5 lakh, up to 20% may generally be withdrawn and at least 80% must be used to purchase an annuity. Different provisions may apply to government and corporate subscribers.
Source: PFRDA’s summary of the 2025 NPS amendments
Use a cautious rate based on your selected asset allocation and investment period. NPS returns are market-linked and can vary across pension funds, asset classes and market conditions, so no assumed return should be treated as assured.
Up to 60% of the amount payable on closure or opting out of NPS may qualify for tax exemption under prevailing provisions. The amount used to purchase an annuity is not taxed at the time of purchase, but the pension subsequently received is generally taxable at the recipient’s applicable rate.
Eligible non-government subscribers may now withdraw up to 80% in certain normal-exit cases. However, the tax exemption continues to be limited to 60%, so any additional lumpsum withdrawal may have tax implications.
The tax information is based on prevailing laws at the time of publishing and is subject to change. Please consult a tax professional or refer to the latest regulations for updated information.
The current PFRDA circular does not prescribe a separate minimum annual contribution for NPS All Citizen accounts. It requires at least ₹250 when opening the account and ₹10 for each subsequent contribution. Requirements may differ for other NPS schemes or account types.
Source: PFRDA circular dated 10 March 2026
The Pension Fund Regulatory and Development Authority, or PFRDA, regulates NPS in India. NPS Trust oversees the scheme’s assets and works to protect subscribers’ interests within the applicable regulatory framework.
Yes. Eligible non-resident Indian citizens can open and contribute to an NPS account, subject to KYC requirements and applicable FEMA and RBI regulations. Continued eligibility may be affected by a change in the subscriber’s citizenship status.
Yes. The Bajaj AMC NPS pension calculator is free to use, and you do not need to open an NPS account to access it. Its results are indicative and do not represent assured returns, a guaranteed pension or investment advice.
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The calculator alone is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. This tool is created to explain basic financial / investment related concepts to investors. The tool is created for helping the investor take an informed investment decision and is not an investment process in itself. Bajaj Finserv AMC has tied up with AdvisorKhoj for integrating the calculator to the website. Mutual Fund does not provide guaranteed returns. Also, there is no assurance about the accuracy of the calculator. Past performance may or may not be sustained in future, and the same may not provide a basis for comparison with other investments. Investors are advised to seek professional advice from financial, tax and legal advisor before investing in mutual funds.
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Our Investment Philosophy reflects what we, as an organisation, believe will generate a good return on equity investment for our investors in the long term. It dictates our goals and guides decision making.
Alpha (a) is a term used in investing to describe an investment strategy’s ability to beat the market.
Alpha is thus also often referred to as excess return or the abnormal rate of return in relation to a benchmark, when adjusted for risk. Essentially, it means doing better than the crowd without taking disproportionate risk.
Collecting superior information
Analysts and portfolio managers strive to collect superior information about the business and the management of the company. They try to generate superior earnings forecast and the balance strength of the company and the industry, thereby trying to 'beat the market' on information edge. This is an important source of alpha for an investor. However, over the years, retaining the information edge has become more difficult and expensive. With a whole lot of investors trying to collect superior information, how can an investor be sure to continuously have accurate and material information about the companies, ahead of others, all the time?
Processing information better
Even if you don't have material information earlier than the crowd, you can still generate better outcomes if you are able to process this information better. Investors develop models and algorithms with enhanced predictive powers to forecast the next move. Fund managers who invest based on some pure formal analytical models are quantitative managers. Here, the goal is to try and beat other investors based on the sophistication of procedures or analytics. The analytical edge can be quite useful until it gets copied by many, and then it may stop generating superior returns.
Exploiting behavioural biases
As the name suggests, this edge is achieved by superior behaviour in reacting to the inputs available to maximise alpha. Modern finance assumes people behave with extreme rationality. However, researchers in behavioural finance have shown that this is not true. Moreover, these deviations from rationality are often systematic. Behavioural managers try to exploit situations where securities are mispriced by the market because of behavioural factors. At Bajaj Finserv AMC, we endeavour to combine the best of these edges.
