Canara NPS Calculator

What is the Canara Bank NPS Calculator?

The Canara Bank NPS Calculator is an online financial planning tool offered by Canara Bank to help individuals estimate their retirement savings under the National Pension Scheme. It provides a clear picture of your expected retirement corpus, lump sum withdrawal, and monthly pension based on your investment details.

By allowing you to adjust contributions, retirement age, and pension allocation, the calculator helps you evaluate whether your current strategy is sufficient and where changes may be needed. The instant projections make retirement planning more structured, transparent, and goal-oriented for both salaried and self-employed individuals.

How to Use the Canara NPS Calculator

Using the NPS Calculator is simple and intuitive. Follow the steps below to estimate your retirement corpus and monthly pension under the National Pension Scheme:

Step 1: Enter your current age to determine the total investment period until retirement.

Step 2: Specify your monthly investment amount to see how regular contributions build your retirement savings.

Step 3: Select the expected return on investment based on your risk preference and long-term outlook.

Step 4: Choose the percentage of the total corpus you wish to allocate for pension at retirement.

Step 5: Enter the expected return from the pension (annuity) to calculate your monthly pension income.

Once these details are entered, the NPS Calculator instantly shows your total investment, returns earned, maturity amount, lump sum withdrawal, pension wealth, and estimated monthly pension, helping you plan your retirement with clarity and confidence.

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

Formula For NPS Calculator

The Canara NPS Calculator uses a straightforward formula to estimate the lump sum an investor can expect to receive at retirement. The calculator quickly provides an accurate projection by entering a few basic details about the investment. The formula used is:

Example of NPS Calculation:

Consider Ms. Meera, a 28-year-old working professional who starts investing ₹3,500 monthly in her Canara NPS account. Assuming an annual return rate of 9%, she plans to contribute consistently until she retires at age 60, giving her 32 years of investment.

Using the Canara NPS Calculator, her retirement savings projection would be:

• Total Principal Investment over 32 years: ₹13.44 lakh (approximately)
• Estimated Total Corpus at Retirement: ₹74.15 lakh (approximately)

These estimated maturity amounts include her contributions and the compounded returns earned over time. Starting early and investing regularly, Ms. Meera is securing her financial future. The Canara NPS Calculator helps investors like her plan retirement goals with clarity and confidence.

Benefits of Using the Canara NPS Calculator

The Canara NPS Calculator helps you estimate your NPS maturity amount and the amount of contribution you need to reach that estimation. It also helps you prepare for a financially secure retirement. Here are the key benefits of using the NPS Calculator:

Key Takeaway

The Canara NPS Calculator not only helps you visualise your retirement corpus but also lets you tweak variables like monthly contributions and retirement age to suit your goals. Use it regularly to stay on track, adjust your strategy, and build a retirement plan backed by data, clarity, and tax savings.