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NPS Calculator

Estimate your retirement corpus under the National Pension System, and the monthly pension it could buy at age 60.

Enter your details

yrs
₹
%
NPS equity-heavy options have historically returned around 9–11%; choose conservatively.
%
The rate at which the annuity provider converts your corpus into pension.
Estimated corpus at age 60
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Total contributed—
Estimated gains—
Lump sum at 60 (60%)—
Annuity purchase (40%)—
Est. monthly pension—

Illustrative projection using the assumptions you entered. Market returns are not guaranteed; actual results will differ. This is an educational tool, not financial advice.

Corpus growth till age 60

Invested vs Returns

Contributed Estimated gains

How it works

The National Pension System (NPS) is a market-linked retirement scheme regulated by PFRDA. Your monthly contributions are invested in a mix of equity, corporate bonds and government securities until age 60, growing much like a long-running SIP.

At 60: 60% lump sum (tax-free) + 40% buys an annuity → monthly pension

This calculator grows your contributions at the return you choose. At 60, it splits the corpus the standard way: up to 60% can be withdrawn as a lump sum (tax-free), and at least 40% must buy an annuity from an empanelled provider, which pays the monthly pension shown. The pension estimate simply applies your chosen annuity rate to that 40% portion, so it moves directly with annuity rates prevailing at retirement.

NPS suits very long-horizon retirement saving, helped by low fund costs and an additional ₹50,000 tax deduction under Section 80CCD(1B) in the old regime. Its lock-in till 60 is strict, so most investors pair NPS with flexible mutual fund SIPs.

Frequently asked questions

Up to 60% of the corpus can be withdrawn as a lump sum at age 60, and it is tax-free. At least 40% must be used to buy an annuity, whose pension is taxed as income.
Returns are market-linked and vary by asset class and pension fund manager. Equity-heavy NPS options have delivered roughly 9–11% annually over long periods historically, but nothing is guaranteed.
Premature exit is allowed after 5 years only for specified purposes and with conditions: only 20% can be taken as lump sum and 80% must buy an annuity (for smaller corpuses, full withdrawal rules differ). NPS is designed to stay locked till 60.

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