NPS Calculator

The National Pension System (NPS) is a government-regulated retirement scheme. You invest regularly until you exit, usually at 60; then part of the corpus can be taken as a lump sum and the rest must buy an annuity, which pays a monthly pension.

Depends on your equity and debt mix. An assumption, not a promise.
You are a
At least 20% (non-government) or 40% (government).
Yearly rate insurers pay on the annuity.
Results update as you type.

NPS corpus at 60

₹1,13,96,627

about 1.14 crore

Lump sum you can take
₹91,17,30180% of the corpus
Used to buy an annuity
₹22,79,32520% of the corpus
Estimated monthly pension
₹11,397at an annuity rate of 6%
Total contributed
₹18,00,000₹5,000 × 360 months

Up to 60% of the corpus has been tax-free at exit; a lump sum above 60% may be taxed until the tax law is changed. Smaller corpuses (up to ₹8 lakh) can be taken fully as a lump sum.

How the corpus is paid out

  • Lump sum₹91,17,30180%
  • Annuity (pension)₹22,79,32520%

About this calculator

Under PFRDA’s revised exit rules, non-government subscribers can now take up to 80% as a lump sum and must use at least 20% for an annuity. Government employees keep the 60% lump sum and 40% annuity split. Enter your contribution and choose your sector to see all three numbers.

How to use it

  1. Enter your monthly contribution, your age and the age you will exit.
  2. Enter an expected yearly return for your fund mix.
  3. Choose whether you are a government employee or not.
  4. Set the annuity share and rate, then read the corpus, lump sum and pension.

The formula

Corpus = P × [((1 + i)n − 1) ÷ i] × (1 + i); Pension = corpus × annuity share × annuity rate ÷ 12
P
the monthly contribution
i
the expected monthly return: yearly return ÷ 12 ÷ 100
n
months until exit
annuity share
at least 20% (non-government) or 40% (government)

Worked example

₹5,000 a month from age 30 to 60 at 10%

  1. Corpus at 60: ₹1,13,96,627, from ₹18,00,000 contributed.
  2. Non-government, 80/20: lump sum ₹91,17,301; ₹22,79,325 buys an annuity paying about ₹11,397 a month at 6%.
  3. Government, 60/40: lump sum ₹68,37,976; the larger annuity pays about ₹22,793 a month.

What the result means

The lump sum gives flexibility; the annuity gives a guaranteed income for life. Using more than the minimum for the annuity raises your pension.

Up to 60% of the corpus has been tax-free at exit. A lump sum above 60% may be taxed at your slab rate until the tax law catches up with the new PFRDA rules, and annuity income is taxed as you receive it.

Assumptions

  • The same monthly contribution until exit, invested at the start of each month.
  • A constant yearly return, compounded monthly.
  • Normal exit at the chosen age, with a corpus above ₹12 lakh.

Limitations

  • NPS returns depend on markets and your fund choice; they are not fixed.
  • Corpuses up to ₹8 lakh can be withdrawn fully, and ₹8–12 lakh have special options; these are not modelled.
  • Annuity rates vary by insurer, age and annuity type at the time you buy.
  • Employer contributions under corporate NPS are not shown separately; include them in the monthly amount.

Frequently asked questions

How much NPS can I withdraw at 60?

Non-government subscribers can take up to 80% as a lump sum and must use at least 20% for an annuity. Government employees can take up to 60% and must annuitise at least 40%.

Is the full 80% lump sum tax-free?

Up to 60% of the corpus has been tax-free. The extra 20% may be taxable at your slab rate until the income-tax rules are amended.

What return should I assume for NPS?

It depends on how much is in equity. Many people use 8% to 10% for long periods; run a lower figure too.

Can I exit NPS before 60?

Yes, but on premature exit at least 80% of a corpus above ₹5 lakh must buy an annuity, so most of it becomes a pension.

For information only. This calculator gives estimates based on the figures you enter and the assumptions listed above. It is not financial advice. Actual amounts depend on the lender’s or institution’s terms, fees, rounding and rate changes. Please confirm with them before you decide.

Last reviewed on 1 October 2026. Found a mistake? Tell us.