Finance & Investment · Government Schemes
NPS Calculator (National Pension System)
Project your National Pension System (NPS) corpus at retirement from monthly contributions, then split it under current exit rules into the lump sum you can withdraw and the annuity that pays your monthly pension.
Also listed inRetirement Planning
Your inputs
Quick start — try a typical case
Normal exit is at 60; you can continue contributing up to 75.
₹ 10 thousand
Depends on your equity share (up to 75 % in Active Choice). Roughly 8–11 % over long periods.
Minimum 20 % (All Citizen / corporate) or 40 % (government) for a corpus above ₹12 lakh.
Your result Live
NPS Corpus at 60
₹3,59,30,210
From ₹79,72,662 contributed, at 10% a year
- Lump Sum You Can Withdraw (80%)
- ₹2,87,44,168
- Of Which Tax-free
- ₹2,15,58,126 (up to 60 % of the corpus)
- Annuity Purchase (20%)
- ₹71,86,042
- Estimated Monthly Pension
- ₹38,924
- Total Contributed
- ₹79,72,662
- Investment Growth
- ₹2,79,57,549
- Lump sum · 80%₹2,87,44,168
- Annuity (pension) · 20%₹71,86,042
The pension is a fixed annuity for life at the assumed rate; actual rates depend on the insurer, your age and the annuity type chosen.
An estimate from the assumptions you entered, not a guaranteed outcome.
How this is calculated
Corpus = Σ monthly contributions grown at r ÷ 12 (with yearly step-up) · Pension = Annuity share × Corpus × Annuity rate ÷ 12
- r
- Expected annual return of your NPS asset mix
- Annuity share
- At least 20 % (non-government) or 40 % (government) of a corpus above ₹12 lakh
NPS invests your contributions in a mix of equity, corporate bonds and government securities. At exit, part of the corpus must buy an annuity — a pension from an insurer for life — and the rest can be withdrawn. Under the 2025 exit regulations, All Citizen and corporate subscribers can withdraw up to 80 % of a corpus above ₹12 lakh; government employees up to 60 %. Up to 60 % of the corpus is tax-free.
Assumptions & sources
- Exit rules: 20 % — Exits under the PFRDA (Exits and Withdrawals under NPS) (Amendment) Regulations, 2025; government subscribers: 40 %, checked 10 Oct 2026. Government subscribers: 40 %.
- Tax: lump sum up to 60 % of the corpus is tax-free (checked 2026-10-10); annuity income is taxed at your slab rate.
- Contributions at the start of each month at a constant return (annual rate ÷ 12); fund-management charges are assumed to be inside that return. An existing balance grows at the annual return as a CAGR, like the Lumpsum Calculator.
- Small-corpus rules are applied to the projected corpus: non-government — full withdrawal up to ₹8 lakh, ₹6 lakh lump sum for ₹8–12 lakh; government — full withdrawal up to ₹5 lakh. Confirm with your CRA before exiting.
- 1Exits and Withdrawals under the National Pension System (Amendment) Regulations, 2025 — PFRDA — Pension Fund Regulatory and Development Authority
- 2NPS — features, returns and tax benefits — PFRDA
Calculator ID FIN-IN-NPS-001 · version 1.0.0
Common questions
How much of my NPS can I withdraw at 60?
Under the 2025 rules, All Citizen and corporate subscribers can take up to 80 % as a lump sum if the corpus exceeds ₹12 lakh (the rest buys an annuity), and the whole amount if it is ₹8 lakh or less. Government employees can take up to 60 %.
Is the NPS lump sum tax-free?
Up to 60 % of the corpus is tax-free. If you withdraw more under the new rules, the extra may be taxable — check the current income-tax position before exiting.
What return should I assume?
It depends on your equity allocation. Long-run returns of NPS equity schemes have been around 10–12 % and government-bond schemes around 8–9 %; a blended 9–10 % is a reasonable planning figure.