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NPS Calculator

See what your National Pension System savings could become. Enter your age, monthly contribution and expected return to estimate your retirement corpus, lump sum and monthly pension.

  • Free, no sign-up
  • Nothing you enter is stored
  • Updated 30 Sept 2026

Calculate your NPS pension

Results update as you change the numbers.

18 years70 years
40 years75 years

Normal exit is at 60; you can stay invested longer

₹
₹500₹50,000
6% p.a.14% p.a.
20%100%

Check the current minimum under PFRDA rules

4% p.a.9% p.a.

Estimated monthly pension

₹22,793

from a corpus of ₹1.14 Cr at age 60

  • Lump sum you can withdraw₹68,37,976
    60%
  • Used to buy an annuity₹45,58,651
    40%
  • You contribute in total₹18,00,000

With 6% yearly inflation, a pension of ₹22,793 in 30 years will buy about what ₹3,969 buys today.

The pension from an annuity is taxed as income. Withdrawal limits and the minimum annuity share depend on current PFRDA rules.

How your money growsContributed so farGrowth
Year-by-year growthSee how your NPS corpus builds up each year
YearContributed so farGrowthCorpus at year end
Year 1₹60,000₹3,351₹63,351
Year 2₹1,20,000₹13,337₹1,33,337
Year 3₹1,80,000₹30,650₹2,10,650
Year 4₹2,40,000₹56,059₹2,96,059
Year 5₹3,00,000₹90,412₹3,90,412
Year 6₹3,60,000₹1,34,645₹4,94,645
Year 7₹4,20,000₹1,89,792₹6,09,792
Year 8₹4,80,000₹2,56,996₹7,36,996
Year 9₹5,40,000₹3,37,521₹8,77,521
Year 10₹6,00,000₹4,32,760₹10,32,760
Year 11₹6,60,000₹5,44,255₹12,04,255
Year 12₹7,20,000₹6,73,708₹13,93,708
Year 13₹7,80,000₹8,22,998₹16,02,998
Year 14₹8,40,000₹9,94,205₹18,34,205
Year 15₹9,00,000₹11,89,621₹20,89,621
Year 16₹9,60,000₹14,11,783₹23,71,783
Year 17₹10,20,000₹16,63,492₹26,83,492
Year 18₹10,80,000₹19,47,840₹30,27,840
Year 19₹11,40,000₹22,68,245₹34,08,245
Year 20₹12,00,000₹26,28,485₹38,28,485
Year 21₹12,60,000₹30,32,728₹42,92,728
Year 22₹13,20,000₹34,85,584₹48,05,584
Year 23₹13,80,000₹39,92,143₹53,72,143
Year 24₹14,40,000₹45,58,028₹59,98,028
Year 25₹15,00,000₹51,89,452₹66,89,452
Year 26₹15,60,000₹58,93,276₹74,53,276
Year 27₹16,20,000₹66,77,083₹82,97,083
Year 28₹16,80,000₹75,49,247₹92,29,247
Year 29₹17,40,000₹85,19,022₹1,02,59,022
Year 30₹18,00,000₹95,96,627₹1,13,96,627

What is NPS?

The National Pension System (NPS) is a government-backed retirement scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). You contribute regularly during your working years, the money is invested in a mix of equity, corporate bonds and government securities, and at retirement you receive part of it as a lump sum and part as a monthly pension.

  • Tier I is the main pension account. Withdrawals are restricted until retirement, and it carries the tax benefits.
  • Tier II is an optional savings account alongside it, with free withdrawals but no special tax benefits for most people.

How is your NPS pension calculated?

  • Your monthly contributions grow at the expected return until your retirement age, giving your corpus.
  • At retirement, the share you choose is used to buy an annuity from an insurance company, and the rest can be taken as a lump sum.
  • The annuity pays you a pension every month at the annuity rate.
Monthly pension

Monthly pension = corpus × annuity share × annuity rate ÷ 12

For example, if you start at 30 and put in ₹5,000 a month until 60 at an expected 10% a year, your corpus could reach about ₹1.14 Cr. Using 40% of it to buy an annuity at 6% gives a pension of about ₹22,793 a month, and the other 60% can be taken as a lump sum.

What happens at retirement?

At the normal exit age of 60, part of your corpus must be used to buy an annuity and the rest can be withdrawn. For a long time the minimum annuity share was 40%; PFRDA has since revised the exit rules for some subscribers, including the minimum annuity share and the corpus size below which you can withdraw everything. Check the current rules for your category before you plan.

You can also choose to stay invested beyond 60 and exit later, which the calculator supports through the retirement age setting.

How your NPS money is invested

ChoiceHow it worksSuits
Auto choiceYour money is spread across equity and debt, with the equity share reducing as you get olderPeople who prefer not to manage their mix
Active choiceYou decide how much goes into equity, corporate bonds and government securities, within age-based limitsPeople who want control over their mix

Long-term NPS returns depend on this mix and on the pension fund manager you pick. Many people plan with 8% to 10% a year for a mix that includes equity, but returns are not guaranteed.

NPS tax benefits

  • Your own contributions can be claimed as a deduction under the old tax regime, including an extra deduction of up to ₹50,000 over the usual investment limit.
  • Your employer's contribution to NPS can be deducted within set limits, including under the new tax regime.
  • The lump sum you withdraw at retirement is tax-free up to the permitted limit.
  • The monthly pension from the annuity is taxed as income in the year you receive it.

Tax rules change with the Budget, so check the current position before you rely on these benefits.

NPS, PPF or EPF?

NPSPPFEPF
ReturnsMarket-linkedFixed by the governmentDeclared every year by EPFO
AccessMostly at retirement15-year lock-inAt retirement or on leaving work, with some early withdrawals
PensionYes, through an annuityNoSeparate pension scheme for eligible employees
Who can joinMost Indian citizens aged 18 to 70Any resident IndianSalaried employees in covered firms

Many people use more than one: EPF through their job, PPF for guaranteed tax-free growth and NPS for extra equity exposure and a pension.

Protecting your retirement plan

NPS builds your own retirement income, but your family depends on your earnings until then. A term insurance plan protects them if something happens to you before retirement, and health insurance stops medical bills from eating into your savings in later life.

Frequently asked questions

1.How much pension will I get from NPS?

It depends on how much you contribute, for how long, the return you earn, the share you use to buy an annuity and the annuity rate. For example, ₹5,000 a month from age 30 to 60 at 10% could give a pension of about ₹22,793 a month with 40% in an annuity at 6%.

2.What return does NPS give?

NPS returns depend on how much is invested in equity and on the fund manager. Over long periods, mixes with equity have often returned around 8% to 10% a year, but returns are market-linked and not guaranteed.

3.Can I withdraw my NPS money before 60?

Partial withdrawals are allowed for specific needs such as a child's education, marriage, buying a home or treating a serious illness, after a minimum period and within limits. Exiting before 60 usually means a larger share must go into an annuity.

4.Is the NPS pension taxable?

Yes. The monthly pension from the annuity is added to your income and taxed at your slab rate. The lump sum you withdraw at retirement is tax-free up to the permitted limit.

5.What annuity rate should I use?

Annuity rates depend on the insurer, the type of annuity and interest rates when you retire. Around 6% to 7% a year is a reasonable planning figure today; lower rates give a more cautious estimate.

6.How much of my NPS corpus must go into an annuity?

The traditional minimum was 40% at normal exit. PFRDA has revised the exit rules for some subscribers, so check the current minimum for your category and adjust the annuity share in the calculator.

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