NPS Calculator
What will your National Pension System account be worth at 60 — and what monthly pension will it buy? Corpus, tax-free lump sum and pension estimate. Free, private, no signup.
Your NPS plan
NPS matures at 60.
NPS is market-linked; 8–10% is a common planning assumption.
Rate at which your annuity purchase converts to pension.
At age 60
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You invested-
Growth-
How your corpus splits
Lump sum (60%, tax-free)-
Annuity purchase (40%)-
Estimated monthly pension-
At least 40% of the corpus must buy an annuity at 60 — that purchase is what pays your monthly pension for life. The pension itself is taxable as income.
How NPS actually works
The National Pension System is a market-linked retirement account: your monthly contributions buy a mix of equity, corporate bonds and government securities, and compounding does the heavy lifting over decades. Unlike PPF, there is no guaranteed rate — your return follows the markets, which is why the expected-return input above is editable.
- The 40/60 split is the whole game. At 60 you may withdraw up to 60% as a tax-free lump sum — but at least 40% must buy an annuity that pays a monthly pension for life. Want a bigger pension? Voluntarily annuitise more than 40%.
- Time beats amount. Starting at 25 instead of 35 at the same monthly contribution roughly triples the corpus at 60 — try it above. Every year you wait costs more than every rupee you add later.
- Tax treatment is generous. Contributions get 80C deduction (up to ₹1.5 lakh) plus an additional ₹50,000 under 80CCD(1B) — the only instrument with this extra deduction. The 60% lump sum is tax-free; only the pension is taxed.
What the calculator does not model
Fund-management charges, the equity/debt allocation glide path, and premature-exit rules (before 60, 80% must be annuitised). Treat the projection as an illustration at your assumed return, not a promise.
FAQs
What return should I assume for NPS?
NPS is market-linked, so no return is guaranteed. 8–10% per year is the common planning range used by most calculators; run a conservative 8% scenario too, so your retirement plan survives a below-average stretch.
Can I withdraw NPS money before 60?
Partially. Premature exit requires 80% of the corpus to be annuitised (only 20% as lump sum), versus 40% at normal retirement. There are also limited partial withdrawals for specific needs after some years.
Is the monthly pension fixed for life?
Yes — once you buy the annuity at 60, the pension rate is locked for life (it does not rise with inflation). That is why the annuity-rate input matters: a 1% higher rate means a meaningfully larger pension forever.
NPS vs PPF for retirement?
PPF gives guaranteed, fully tax-free returns (currently 7.1%) with a 15-year horizon. NPS is market-linked with higher expected returns, extra tax deductions, but forced annuitisation and taxable pension. Many planners use both: PPF for the safe floor, NPS for growth.
Is my data sent anywhere?
No. Everything is computed in your browser; nothing leaves your device.
Disclaimer: Estimates for illustration, computed in your browser — no data leaves your device. NPS returns are market-linked and not guaranteed; annuity rates at your retirement will differ. Verify scheme rules with PFRDA/your provider before investing.