NPS Calculator
National Pension System corpus at 60, the lump sum you can withdraw and the monthly pension from the annuity.
About NPS Calculator
This free NPS calculator estimates what your National Pension System account could provide at retirement. Enter your current age, monthly contribution, an optional yearly increase and the expected return until 60 to see the total corpus.
Then choose the share of the corpus used to buy an annuity and the expected annuity rate to see your monthly pension and the tax-free lump sum you can withdraw. Pick government or non-government subscriber type, as the minimum annuity share differs. It is an estimate — NPS returns are market-linked. Everything runs in your browser.
How to use NPS Calculator
- Enter your age and monthly contribution (with an optional yearly increase).
- Set the expected return until 60.
- Choose the share used to buy an annuity and the annuity rate to see your pension and lump sum.
Frequently asked questions
How much must go into an annuity?
Government-sector subscribers must use at least 40% of the corpus at 60 to buy an annuity. PFRDA’s December 2025 amendment to the exit rules lets non-government (All Citizen and corporate) subscribers annuitise as little as 20%. Check the current rule with your CRA before you exit.
Is the lump sum tax-free?
Up to 60% of the corpus withdrawn at retirement is tax-exempt. Pension received from the annuity is taxed as income in the year you receive it.
What tax benefits do contributions get?
Own contributions: 80CCD(1) within the ₹1.5 lakh 80C limit plus an extra ₹50,000 under 80CCD(1B) — old regime only. Employer contributions under 80CCD(2) are deductible in both regimes (up to 14% of basic+DA in the new regime, 10% in the old).
What return should I assume?
It depends on your equity allocation (up to 75% in Active Choice). Long-run NPS equity schemes have returned roughly 10–12% and government bond schemes 8–9%, but returns are not guaranteed.
How much pension will I get from NPS?
Monthly pension = annuity share of the corpus × annuity rate ÷ 12. For example, ₹40 lakh in an annuity at 6% gives about ₹20,000 a month.
Can I withdraw the full NPS amount at 60?
No. A minimum share must buy an annuity; the rest can be taken as a lump sum, of which up to 60% of the corpus is tax-free.
What is an annuity?
An annuity is a product bought from an insurer with a lump sum that pays you a regular pension for life.
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