NPS Calculator — Pension & Retirement Corpus
Project your National Pension System corpus at age 60, the tax-free lumpsum you can withdraw, and the monthly pension the annuity portion will pay — all from your monthly contribution.
Total invested by 60
₹18,00,000
Corpus at 60
₹1,13,96,627
Lumpsum you can withdraw
₹68,37,976
Estimated monthly pension
₹22,793
At retirement, at least 40% of the NPS corpus must be used to buy an annuity (which pays the monthly pension); up to 60% can be withdrawn tax-free as a lumpsum. Returns are market-linked — this projection assumes a constant rate.
How to use
- 1Enter your current age and monthly contribution.
- 2Set your expected return — equity-heavy NPS funds have historically returned 9% to 12%.
- 3Choose what share of the corpus buys an annuity at 60 (40% is the legal minimum) and the annuity rate.
- 4Read the corpus at 60, the lumpsum you can withdraw, and your estimated monthly pension.
Frequently Asked Questions
How is the NPS pension calculated?
Your contributions grow at the market-linked return until age 60. At retirement, at least 40% of the corpus buys an annuity — the monthly pension is the annuity corpus multiplied by the annuity provider's rate, divided by 12. The rest (up to 60%) is withdrawn as a tax-free lumpsum.
What return should I assume for NPS?
NPS returns depend on your equity/debt allocation. Aggressive (75% equity) portfolios have historically returned around 10–12%, conservative ones 8–9%. The default 10% is a reasonable middle estimate for long horizons.
Can I withdraw the full NPS corpus at 60?
Only if the total corpus is ₹5 lakh or less. Otherwise a minimum 40% must buy an annuity. The lumpsum portion (up to 60%) is tax-free.
What are the NPS tax benefits?
Employee contributions qualify under 80CCD(1) within the 80C limit, plus an extra ₹50,000 under 80CCD(1B) in the old regime. Employer contributions up to 14% of basic salary are deductible in the new regime too.