NPS Calculator
Key takeaways
- ₹5,000 a month for 30 years is ₹18.00 L contributed; at 10% it compounds to a ₹1.14 Cr corpus by 60 — ₹95.97 L of that is growth.
- At 60, 40% of the corpus (₹45.59 L) buys the annuity paying ₹22,793 a month at 6%; the other ₹68.38 L is the lumpsum withdrawal.
- Routing 60% to the annuity instead would make the pension ₹34,190 a month and the lumpsum ₹45.59 L.
- At 11% instead of 10%, the corpus would be ₹1.42 Cr — ₹27.55 L higher.
Yearly schedule
| Year | Invested | Growth | Balance |
|---|---|---|---|
| 1 | ₹60,000 | ₹3,351 | ₹63,351 |
| 2 | ₹60,000 | ₹9,985 | ₹1.33 L |
| 3 | ₹60,000 | ₹17,313 | ₹2.11 L |
| 4 | ₹60,000 | ₹25,409 | ₹2.96 L |
| 5 | ₹60,000 | ₹34,353 | ₹3.90 L |
| 6 | ₹60,000 | ₹44,233 | ₹4.95 L |
About the NPS Calculator
The National Pension System (NPS) is a government-regulated retirement scheme. You invest regularly until age 60; the money is managed in a mix of equity and debt, so the corpus is market-linked. At 60 you take part of the corpus as a lumpsum and use the rest to buy an annuity that pays a monthly pension.
This calculator projects your corpus at your retirement age from your monthly contribution and an assumed return, then splits it into the lumpsum and the annuity, and estimates the monthly pension from the annuity rate you enter. Leaving before 60 with under 15 years in NPS, other than on retiring from a job, counts as a premature exit, where at least 80% of a corpus above ₹5 lakh goes into the annuity. At a normal exit a corpus of ₹8 lakh or less can be taken out in full, and between ₹8 lakh and ₹12 lakh at most ₹6 lakh comes as a lump sum.
Frequently asked questions
How does the NPS calculator estimate my pension?
It compounds your monthly contributions to your retirement age at the expected return, takes the share you choose as a lumpsum, and converts the rest into a pension using the annuity rate you provide. Returns are market-linked, so it is an estimate.
What are the tax benefits of NPS?
Under the old regime, contributions qualify for deduction under Section 80CCD(1) within the ₹1.5 lakh 80C limit, plus an extra ₹50,000 under Section 80CCD(1B). At 60, up to 60% of the corpus taken as a lumpsum is tax-free; the annuity income is taxed at your slab when received.
How much can I withdraw at 60?
Since PFRDA's December 2025 amendment, a non-government subscriber with a corpus above ₹12 lakh can take up to 80% as a lumpsum and must use at least 20% to buy an annuity; a corpus of ₹8 lakh or less can be withdrawn in full. Government employees still annuitise at least 40%. The income-tax law names only 60% of the corpus as a tax-free lumpsum. The split you model here changes both the lumpsum and the pension.
Is the NPS return guaranteed?
No. NPS invests in market-linked funds, so the corpus depends on how equity and debt perform over your working years. The rate you enter is a planning assumption, not a guaranteed return.
Is the NPS pension taxable?
The monthly pension from the annuity is treated as income and taxed at your slab rate in the year you receive it. A lumpsum taken at 60 is exempt up to 60% of the corpus.
Disclaimer: This calculator is for information and education only. It is not investment advice and not a recommendation to buy, sell or hold any investment. Where a rate of return, inflation or growth is an input, it is an assumption: actual returns vary and are not guaranteed, and past performance may or may not be sustained in future. It does not take your personal circumstances into account. NPS returns are market-linked and not guaranteed, and its withdrawal and annuity rules are set by PFRDA and can change. Every figure is computed solely by applying the formula and assumptions stated on this page to the inputs you entered.