Finance & Loan Calculators

NPS Calculator

Estimate your National Pension System corpus, lump sum and monthly pension from your contribution, expected return and annuity choice.

Enter your monthly NPS contribution, age and expected return to estimate your pension.

Monthly contribution (₹)

Your age now

Retirement age

Expected return (% per year)

Subscriber type

Share used to buy annuity (%)

At least 20% when the corpus is over ₹12 lakh.

Annuity rate (% per year)

Raise contribution yearly (%)

NPS returns depend on the market and your fund choice; annuity rates depend on the insurer and plan when you retire. Exit rules as amended by PFRDA in December 2025.

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Annuity income is taxable when you receive it, while a lump sum of up to 60% of the corpus is currently tax-free - check the tax on anything above that.

What Is NPS?

The National Pension System (NPS) is a market-linked retirement scheme regulated by PFRDA. You contribute regularly until retirement; at exit, part of the corpus can be taken as a lump sum and the rest must buy an annuity, which pays a monthly pension. Since PFRDA's December 2025 amendment, subscribers in the all-citizen and corporate models can take up to 80% as a lump sum when the corpus is over ₹12 lakh, keeping at least 20% for the annuity; government employees still need to annuitise at least 40%. This calculator estimates the corpus, the lump sum and the pension.

How to Use It

Choose your subscriber type - all citizens and corporate, or government.
Enter your monthly contribution, your age and your retirement age.
Enter the return you expect - it depends on how much equity your scheme holds.
Choose how much of the corpus goes into the annuity and the annuity rate. More annuity means a bigger pension and a smaller lump sum.
Optionally raise your contribution each year.

Example

Contributing ₹5,000 a month from age 30 to 60 at an expected 10% return builds a corpus of about ₹1.14 crore from ₹18 lakh of contributions. With 40% used for an annuity at 6%, you could take about ₹68.4 lakh as a lump sum and receive a pension of around ₹22,793 a month.

Tax Benefits

Under the old regime, NPS contributions get a deduction within the ₹1.5 lakh 80C limit plus an extra ₹50,000 under 80CCD(1B). Under both regimes, an employer's contribution of up to 14% of basic (new regime) or 10% (old regime) is deductible. At exit, a lump sum of up to 60% of the corpus is tax-free under current tax law; check how any larger withdrawal is taxed before you choose it. The pension is taxed as income in the year you receive it.

Limitations

NPS returns are not guaranteed, and annuity rates are set by insurers at the time you buy - 6% is an assumption. Smaller corpora have special rules (up to ₹8 lakh can be withdrawn fully), which the calculator does not model. Withdrawal rules have changed several times, so check the current PFRDA rules before retiring. To compare with guaranteed schemes, see the EPF Calculator and PPF Calculator.

Frequently Asked Questions

Since PFRDA's December 2025 amendment, subscribers in the all-citizen and corporate models can take up to 80% of a corpus over ₹12 lakh as a lump sum and must annuitise at least 20%. Government employees must still annuitise at least 40%.

A withdrawal of up to 60% of the corpus is tax-free under current tax law. Check how any larger withdrawal is taxed before you choose it. The annuity pension is taxed as income.

Returns depend on your scheme and how much equity it holds. Equity-heavy NPS schemes have returned around 9% to 12% a year over long periods, but returns are not guaranteed.

The pension is the annuity amount multiplied by the annuity rate, divided by 12. The rate is set by the insurer when you buy the annuity; 6% is used here as an assumption.