Kotak NPS Calculator

What is the Kotak NPS Calculator?

The Kotak NPS Calculator is an online retirement planning tool designed to estimate your total pension wealth under the National Pension Scheme. It gives you a clear picture of how much you may accumulate by retirement, how much you can withdraw as a lump sum, and what kind of monthly pension you could receive.

By adjusting factors like your monthly contribution, expected returns, and retirement age, the NPS calculator helps you test different scenarios and understand how each decision affects your long-term financial outcome. This makes it easier to plan a realistic and disciplined pension strategy instead of relying on guesswork.

How to Use Kotak NPS Calculator

The Kotak NPS Calculator is designed to be simple and intuitive, even for first-time users, helping you evaluate and refine your pension plan with ease. Using the NPS Calculator involves just a few basic steps:

1. Enter Your Current Age

   Begin by adjusting the slider or input box to set your current age.

2. Set Your Target Retirement Age

   Select the age at which you plan to retire. The calculator allows flexibility up to 75 years.

3. Input Your Monthly Investment

   Provide the amount you intend to contribute every month to your NPS account. The tool supports a wide contribution range.

4. Choose Expected Return on Investment

   Set the percentage of return you expect from your NPS investments. This is typically based on your asset allocation strategy (equity, debt, etc.).

5. Define the Percentage of Corpus for Annuity Purchase

   Specify what percentage of your retirement corpus you would like to allocate for buying an annuity. This determines the monthly pension amount.

6. Set Expected Annuity Returns

   Input the expected rate of return from the annuity provider after retirement. This helps estimate your monthly pension post-retirement.

7. View Retirement Projections

   Once all details are entered, the calculator will instantly display:

   • Total Retirement Corpus
   • Principal Invested and Interest Earned
   • Lump Sum Amount
   • Annuity Value
   • Estimated Monthly Pension
   • Take Action

After evaluating your retirement scenario, you can proceed directly to open an NPS account using the dedicated button provided.

Kotak NPS Calculator Formula

The National Pension Scheme (NPS) is a tax-saving long-term scheme by the Government of India. The NPS Calculator has an easy formula for computing the lump sum amount the investor expects to receive at retirement age. By providing a few basic details, you'll get the results quickly. The Kotak NPS Calculator uses the following formula to calculate the interest:

For example:

Mr. Arjun, a 30-year-old salaried professional, has started investing in a Kotak NPS account. He chooses to invest ₹4,000 every month without fail. Assuming a hypothetical annual return of 10%, Mr. Arjun plans to contribute regularly until the retirement age of 60, giving him 30 years of investment time.

Using the NPS Calculator, here’s how his retirement savings could look:

Estimated Outcomes:

• Total Corpus at Retirement: ₹70.86 lakh
• Lump Sum Withdrawal (60%): ₹42.52 lakh
• Annuity Purchase (40%): ₹28.34 lakh
• Estimated Monthly Pension: ₹14,172

Note: These figures are approximate and for illustrative purposes only.

NPS Calculator

Your Age

Years

18 Years 59 Years

Enter Your Age

Monthly Investment

₹

₹500 ₹10L

Enter Investment Per Month

Expected Return on Investment

%

5% 15%

Expected Return on Investment

Percentage of Corpus Allocated for Pension

%

40% 100%

Enter Corpus Percentage

Expected Return from Pension

%

5% 15%

Enter Annuity Return

₹0

Your Monthly Pension

View Plans

₹0

Your Monthly Pension

View Plans Your Pension Calculation

Your Pension Calculation

Total Investment

Returns Earned

Maturity Amount

Maturity Amount split (Lumpsum & Pension)

60%

Lumpsum Amount

At the age of 60 Yrs

40%

Pension Wealth

At the age of 60 Yrs

View Plans

Benefits of Kotak NPS Calculator

The Kotak National Pension Scheme (NPS) calculator helps you visualise the return on your retirement pension plan. Here are some benefits of using this calculator.

• Informed Planning: The calculator offers a realistic estimate of the corpus you can build when you retire. It allows you to set practical savings goals and make better investment decisions based on retirement expectations.
• Customised Projections: By changing variables like investment amount, retirement age, or return rate, you can view different outcomes. This flexibility allows you to model multiple scenarios based on changing goals, income, or life circumstances.
• Financial Discipline: Using the calculator encourages you to contribute regularly by showing the long-term benefits of consistent investing. It helps you stay committed to retirement savings by visualising the compounding effect over the years.