NPS Calculator

Project your NPS corpus at 60 — lump sum, annuity and the monthly pension it buys.

Your NPS plan

You contribute monthly until 60; at least 40% of the corpus must buy an annuity that pays your pension.

Current age

Monthly contribution

₹

Expected return (% per year)

Annuity at 60 (% of corpus, min 40)

Annuity return (% per year)

Your NPS at 60

Corpus at 60—

Your investment —
Wealth gained —
Lump sum withdrawal —
Amount to annuity —
Est. monthly pension —

Estimate only. The corpus is projected as a monthly compounding investment to age 60. At least 40% of the corpus must be used to buy an annuity; up to 60% can be withdrawn as a lump sum (tax-free). The monthly pension is the annuity amount times the annuity return, divided by 12. NPS returns are market-linked and not guaranteed.

How it works

How the NPS corpus and pension work

The National Pension System is a voluntary, market-linked retirement scheme regulated by the PFRDA. You contribute a chosen amount every month until you turn 60, and the money is invested across equity, corporate and government bonds, growing with compound returns. This tool treats your contributions as a monthly investment compounding at your expected rate of return, so the corpus at 60 reflects both what you put in and the wealth those investments generate. At 60 the rules split the corpus in two: you can withdraw up to 60% as a tax-free lump sum, but at least 40% must be used to purchase an annuity from an insurer, which then pays you a regular pension for life. The size of that pension depends on the annuity rate the insurer offers. Because both the accumulation returns and the annuity rate are market-driven, the figures here are indicative — a helpful planning guide rather than a guaranteed outcome.

FAQ

NPS questions, answered

How much of my NPS corpus can I withdraw at 60?

You can withdraw up to 60% of the corpus as a lump sum at 60, and this portion is tax-free. The remaining 40% or more must be used to buy an annuity that pays you a regular monthly pension for life.

How is the NPS pension calculated?

The pension comes from the annuity you buy at 60. This tool estimates it as the annuity amount multiplied by the annuity return rate, divided by twelve for a monthly figure. The actual pension depends on the annuity plan and rate your insurer offers.

What return should I assume for NPS?

NPS returns are market-linked and depend on your equity-debt mix. Historically balanced portfolios have delivered roughly 9-11% over long periods, but nothing is guaranteed. Use a conservative rate for planning and adjust the input to see how the corpus changes.

Is NPS eligible for tax deductions?

Under the old regime, NPS contributions qualify for deductions under Section 80CCD, including an extra ₹50,000 under 80CCD(1B) over and above the 80C limit. These deductions are not available under the new regime, so factor your regime choice into the decision.

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