NPS calculator

The National Pension System builds a retirement corpus until 60. At exit, part of it must buy an annuity that pays a monthly pension, and you can take the rest as a lump sum.

At least 20% for most subscribers, 40% for government staff.
Estimated monthly pension from 60
₹11,397
Corpus at 60₹1,13,96,627 (1.14 crore)
Lump sum you can take₹91,17,301 (91.17 lakh)
Used for annuity₹22,79,325 (22.79 lakh)
Total contributed₹18,00,000 (18.00 lakh)

How the estimate works

Contributions grow monthly at your expected return until you turn 60. The annuity share of the corpus is then turned into a pension at the annuity rate you enter. Annuity rates depend on the insurer and the type of annuity you choose at the time.

Source: PFRDA (Exits and Withdrawals under NPS) Amendment Regulations, December 2025. An illustration, not investment advice.

Questions people ask

How much must go into an annuity?

Under PFRDA's exit rules amended in December 2025, non-government subscribers must use at least 20% of the corpus for an annuity at normal exit and can take up to 80% as a lump sum. Government employees keep the 40% minimum annuity. If the corpus is ₹8 lakh or less, the whole amount can be withdrawn.

What return should I assume?

NPS returns depend on your mix of equity, corporate bonds and government bonds, and equity limits depend on the scheme you choose. A cautious long-run assumption is 8% to 10% a year.

What are the tax benefits?

In the old regime, up to ₹50,000 extra under 80CCD(1B), beyond the ₹1,50,000 80C limit. Employer contributions qualify in both regimes within limits. Part of the lump sum at exit is tax-free; the pension is taxed as income.

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Results are estimates for information only, not financial or tax advice. Rates, rules and limits change, so check with your bank, employer or a qualified adviser before you decide.