NPS Calculator
Project your National Pension System corpus, lump sum, and monthly pension at retirement.
At a normal exit at least 20% must buy an annuity; a corpus of ₹8 lakh or less can be withdrawn in full.
- Invested
- Corpus
- Invested
- ₹39.86L22%
- Est. gain
- ₹1.40Cr78%
You contribute ₹39.86L over 30 years; at 60, 20% of the corpus (₹35.93L) buys an annuity paying 6% p.a., and the rest is taken as a lump sum. The annuity floor is 20% at a normal exit, under PFRDA's exit rules in force from 15 December 2025. The lump sum is tax-free up to 60% of the corpus; anything above that is taxed at your slab rate, and the pension is taxed at slab as it is paid. NPS returns are market-linked (not guaranteed), and the pension depends on the annuity rate available at retirement.
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Independent · No commissions · No fund-house data — how the numbers are computed
How it works
The National Pension System (NPS) is a market-linked retirement account regulated by the PFRDA, open to Indian citizens aged 18 to 70. Contributions are invested by pension fund managers across equity, corporate bonds and government securities, so returns are not guaranteed — they depend on markets and your chosen asset mix.
This calculator projects the corpus from a monthly contribution with an optional annual step-up (default 5%), at an assumed return you set — it defaults to 10% a year, an assumption, not a promise. At retirement it splits the corpus per PFRDA's exit rules in force from 15 December 2025: at least 20% must buy an annuity (40% for government employees, 80% on a premature exit; the slider starts at that floor), and the rest is taken as a lump sum.
The monthly pension shown is the annuity portion multiplied by an assumed annuity rate (default 6% a year, editable). The actual pension depends on the annuity rates insurers offer when you retire, which nobody can know today — treat that figure as an illustration of the mechanics, not a forecast.
Frequently asked questions
How much of the NPS corpus must be used to buy an annuity?
Under PFRDA's exit rules in force from 15 December 2025, a non-government subscriber making a normal exit must use at least 20% of the corpus to buy an annuity from an empanelled insurer and can take up to 80% as a lump sum; a government employee still needs at least 40% in an annuity. A corpus of ₹8 lakh or less can be withdrawn in full. A premature exit needs at least 80% in an annuity, unless the corpus is ₹5 lakh or less. For an All Citizen subscriber a normal exit is at 60 or after 15 years in NPS, whichever comes first.
Are NPS returns guaranteed?
No. NPS is market-linked: contributions are invested in equity (E), corporate debt (C) and government securities (G) by your chosen pension fund manager, and the corpus rises and falls with those markets. The 10% default in this calculator is an editable assumption. Only the annuity purchased at retirement pays a contracted, fixed income.
What are the tax benefits of NPS?
Under the old tax regime, own contributions qualify under Section 80CCD(1) within the ₹1.5 lakh 80C ceiling, plus an exclusive additional ₹50,000 deduction under 80CCD(1B). Employer contributions are deductible under 80CCD(2) — available in the new regime too — up to 14% of basic salary for most employees. At exit, the lump sum is tax-free up to 60% of the corpus, and any part above that is taxed at your slab rate; annuity income is taxed at slab rates.
Who can open an NPS account?
Any Indian citizen — resident or non-resident — aged 18 to 70 can open an NPS Tier I account, individually through banks, online via the eNPS portal, or through an employer. Tier I is the pension account with exit restrictions and tax benefits; Tier II is an optional add-on with free withdrawals but no tax benefit for most subscribers.
Can I withdraw from NPS before 60?
Partially. After three years, up to 25% of your own contributions can be withdrawn for specified reasons — children's education or marriage, buying or building a house, or serious illness — at most three times across the account's life. A full premature exit requires 80% of the corpus to be annuitised, unless the corpus is ₹5 lakh or less, in which case it can all be withdrawn. Since 15 December 2025 an All Citizen subscriber who has been in NPS for 15 years can make a normal exit before 60.
Go further
The guaranteed-rate workplace fund NPS usually sits alongside.
The fixed-pension sibling scheme, also administered under the PFRDA.
Estimate the corpus you actually need before assuming NPS covers it.
The equity–debt mix decision behind NPS's E/C/G choices.
The annual-increase mechanic this calculator applies to contributions.
Tier I vs Tier II, the 75% equity cap, and the annuity floor this calculator applies.
Three deductions in three sub-clauses — and only the employer's survives the new regime.
Actual 1, 3, 5 and 10-year returns for Scheme E, C and G — a sense check for the rate you assume here.