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NPS Calculator

Estimate your National Pension System corpus, the lump sum you can take out, and your monthly pension.

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Results

Monthly pension
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NPS corpus at exit
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Lump sum you can withdraw
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Used to buy annuity
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Total you invest
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  • Lump sum you can withdraw—
  • Used to buy annuity—

Growth over the years

The National Pension System (NPS) is a government-regulated retirement scheme. You invest regularly in a mix of equity and debt funds until you exit, usually at 60. At exit, you can take part of the money as a lump sum and must use the rest to buy an annuity, which pays you a pension for life.

NPS exit rules (updated December 2025)

  • Non-government subscribers can now withdraw up to 80% of the corpus as a lump sum at 60. At least 20% must buy an annuity (earlier it was 60% lump sum and 40% annuity).
  • If the total corpus is ₹8 lakh or less, you can take the whole amount.
  • You can stay invested beyond 60, up to age 85.

Rules for government employees can differ. Check the latest PFRDA rules before you exit.

How to use the NPS calculator

  1. Enter your current age and the age you plan to exit (60 or later).
  2. Enter your monthly contribution.
  3. Enter the expected return. NPS returns depend on your equity share and the fund manager.
  4. Choose the share for the annuity (at least 20%) and the expected annuity rate.

How it is calculated

Corpus         = Monthly contributions grown at the expected return until exit
Annuity amount = Corpus × Annuity share
Monthly pension = Annuity amount × Annuity rate ÷ 12
Lump sum       = Corpus − Annuity amount

Example

You are 30, invest ₹5,000 a month until 60, and expect 10% a year.

  • Total invested = ₹18,00,000
  • NPS corpus at 60 = ₹1,13,96,627
  • With 20% in an annuity at 6%: lump sum ₹91,17,301, annuity ₹22,79,325, pension ₹11,397 a month
  • With 40% in an annuity: lump sum ₹68,37,976 and pension ₹22,793 a month

A bigger annuity share gives more pension but less cash in hand. Many people use the lump sum for a systematic withdrawal plan instead.

Tax benefits

NPS contributions can reduce your tax: an extra deduction of up to ₹50,000 under the old regime, and deductions for your employer's contribution under both regimes, within limits. Part of the lump sum at exit is tax-free, and the pension is taxed as income. Tax rules change, so check the current position before you withdraw.

FAQ

How much NPS can I withdraw at 60?

Non-government subscribers can withdraw up to 80% as a lump sum, and must use at least 20% to buy an annuity. If the corpus is ₹8 lakh or less, the full amount can be withdrawn.

What return does NPS give?

It depends on your asset mix and fund manager. Equity-heavy NPS schemes have historically returned about 9–12% a year over long periods, but returns are not guaranteed.

What is an annuity rate?

It is the yearly pension you get as a percentage of the amount used to buy the annuity. Rates depend on the insurer, your age and the annuity type, and are often around 6–7%.

NPS or EPF: which is better?

They work well together. EPF gives a fixed, tax-free return, while NPS adds equity exposure and extra tax deductions. See the EPF calculator and the retirement calculator.