NPS Calculator
Project your NPS corpus at retirement, split it into the lump sum and the annuity, and see the monthly pension it can buy — live.
- Free — no sign-up
- Instant, on-screen results
- Built by our CA · CS team
- Rules cited on the page
Enter your figures — the result on the right updates as you type.
Corpus growth, every 5 years
| Age | Monthly contribution | Invested so far | Corpus |
|---|
Is NPS the right retirement bucket for you?
Our CAs weigh NPS against EPF, VPF and PPF — and claim the 80CCD(1B) and 80CCD(2) deductions correctly.
Disclaimer: NPS returns are market-linked and not guaranteed; the rate you enter is an assumption, compounded monthly. The pension is an estimate at the annuity rate you pick — actual annuity rates depend on the insurer, the plan and your age at purchase. Want the tax side? Use the NPS tax benefit calculator.
How an NPS corpus turns into a pension
The National Pension System is a defined-contribution retirement scheme regulated by PFRDA. You contribute through your working life, the money is invested in equity, corporate bonds and government securities in the mix you choose, and at 60 the corpus is split in two: a lump sum you can withdraw, and an annuity bought from an insurer that pays you a pension for life.
What each number means
Corpus at 60
Every monthly contribution grows at the return you assume, compounded monthly, until your 60th birthday. A yearly step-up raises the contribution in line with your salary and makes a large difference over a long career.
Lump sum
The part of the corpus you take in cash at exit. Up to 60% of the corpus is exempt from income tax under section 10(12A).
Annuity & pension
The rest buys an annuity. The monthly pension is roughly annuity corpus × annuity rate ÷ 12. The pension is taxable at your slab in the year you receive it.
Tax on the way in
Your contributions qualify for 80CCD(1) within the ₹1.5 lakh 80C cap, plus an extra ₹50,000 under 80CCD(1B) in the old regime. Employer contributions qualify under 80CCD(2) in both regimes.
Questions people ask
Short answers on NPS Calculator. Tap a question to open it.
01How is the NPS corpus at 60 calculated?
Each monthly contribution is compounded at the return you assume until your 60th birthday. If you choose an annual increase, the monthly contribution rises by that percentage each year. The corpus is the sum of every contribution plus the returns earned on it.
02How much of the NPS corpus can I withdraw as a lump sum?
The part not used to buy an annuity is paid as a lump sum at exit. For years the rule was at least 40% into an annuity and up to 60% as a lump sum; PFRDA revises the exit regulations from time to time, so check the minimum annuity share for your subscriber category before you retire.
03Is the NPS lump sum taxable?
Up to 60% of the total corpus withdrawn at exit is exempt under section 10(12A). The pension you later receive from the annuity is taxable at your slab rate in the year it is received.
04How is the monthly pension estimated?
Roughly as annuity corpus × annuity rate ÷ 12. Actual annuity rates depend on the insurer, the annuity option (for example with or without return of purchase price) and your age at purchase.
05Which tax deductions are available on NPS contributions?
Your own contribution qualifies under section 80CCD(1) within the ₹1.5 lakh 80C cap, plus an extra ₹50,000 under 80CCD(1B) in the old regime. The employer contribution qualifies under 80CCD(2) in both regimes. Use the NPS tax benefit calculator for the exact saving.
06How does the NPS calculator estimate the retirement corpus?
The NPS calculator uses your current age, expected retirement age (default 60), monthly contribution, and assumed return rate to project the corpus. Returns vary by asset class: equity (E) funds have historically returned around 10-13% CAGR, corporate bond (C) funds around 8-10%, and government bond (G) funds around 7-9%.
07What is the minimum monthly contribution to NPS?
The minimum contribution to an NPS Tier I account is Rs 500 per contribution and Rs 1,000 per year. There is no maximum limit. For Tier II accounts, the minimum contribution is Rs 250. However, to get meaningful retirement income, financial planners recommend at least Rs 5,000 per month.
08What are the NPS fund manager options in India?
PFRDA has empanelled multiple Pension Fund Managers including SBI Pension Funds, LIC Pension Fund, UTI Retirement Solutions, HDFC Pension, ICICI Prudential Pension, Kotak Mahindra Pension Fund, and Aditya Birla Sun Life Pension. Subscribers can compare performance and switch fund managers once per year.
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Disclaimer: This tool gives indicative results for general guidance only and is not professional advice. Please verify with a qualified CA before acting on the numbers.