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NPS calculator

Estimate your National Pension System corpus, the lumpsum you can take out, and the monthly pension from the annuity, under the 2025 exit rules.

Last reviewed

Your NPS

Tier I account, non-government subscriber. Returns are market-linked, not guaranteed.

₹
₹500₹2 L
yrs
1869
yrs
4075
% p.a.
4%14%
%
0%15%
%
20% (minimum)100%
% p.a.
3%9%

The 6% annuity rate is an example. Get quotes from empanelled insurers near exit and enter that rate.

Your NPS at exit

30 years at 10% a year, exit at 60.

Corpus at exit₹2,27,93,253₹39,68,536 in today's money
Total contributed
₹36,00,000
Returns
₹1,91,93,253
Lumpsum (60%)
₹1,36,75,952
of which tax-free
₹1,36,75,952
Annuity purchase (40%)
₹91,17,301
Lumpsum₹1,36,75,952tax-free
Monthly pension₹45,587at 6% annuity rate, taxable
Corpus at exit₹2.28 Cr
  • In the old tax regime, up to ₹50,000 a year of your own contribution is deductible under 80CCD(1B), over and above 80C: up to ₹15,600 saved a year at the 30% slab. The new regime has no such deduction.
  • Your employer's NPS contribution is deductible under 80CCD(2) up to 14% of basic + DA in the new regime (10% in the old). Ask HR to route part of your CTC through it.
  • A pension of ₹45,587 a month in 30 years is worth about ₹7,937 in today's money at 6% inflation. Annuity income is taxed at your slab.
  • You can take up to 80% as lumpsum under PFRDA's 2025 rules, but only 60% of the corpus is tax-free; your 60% stays within that.

Growth year by year

The gap between the lines is what compounding earns you.

  • NPS corpus
  • Contributed
YearDepositedContributedGainNPS corpus
Year 1₹1,20,000₹1,20,000₹6,703₹1,26,703
Year 2₹1,20,000₹2,40,000₹26,673₹2,66,673
Year 3₹1,20,000₹3,60,000₹61,300₹4,21,300
Year 4₹1,20,000₹4,80,000₹1,12,118₹5,92,118
Year 5₹1,20,000₹6,00,000₹1,80,824₹7,80,824
Year 6₹1,20,000₹7,20,000₹2,69,289₹9,89,289
Year 7₹1,20,000₹8,40,000₹3,79,583₹12,19,583
Year 8₹1,20,000₹9,60,000₹5,13,993₹14,73,993
Year 9₹1,20,000₹10,80,000₹6,75,042₹17,55,042
Year 10₹1,20,000₹12,00,000₹8,65,520₹20,65,520
Year 11₹1,20,000₹13,20,000₹10,88,510₹24,08,510
Year 12₹1,20,000₹14,40,000₹13,47,415₹27,87,415
Year 13₹1,20,000₹15,60,000₹16,45,997₹32,05,997
Year 14₹1,20,000₹16,80,000₹19,88,409₹36,68,409
Year 15₹1,20,000₹18,00,000₹23,79,243₹41,79,243
Year 16₹1,20,000₹19,20,000₹28,23,567₹47,43,567
Year 17₹1,20,000₹20,40,000₹33,26,983₹53,66,983
Year 18₹1,20,000₹21,60,000₹38,95,679₹60,55,679
Year 19₹1,20,000₹22,80,000₹45,36,491₹68,16,491
Year 20₹1,20,000₹24,00,000₹52,56,969₹76,56,969
Year 21₹1,20,000₹25,20,000₹60,65,457₹85,85,457
Year 22₹1,20,000₹26,40,000₹69,71,169₹96,11,169
Year 23₹1,20,000₹27,60,000₹79,84,287₹1,07,44,287
Year 24₹1,20,000₹28,80,000₹91,16,057₹1,19,96,057
Year 25₹1,20,000₹30,00,000₹1,03,78,903₹1,33,78,903
Year 26₹1,20,000₹31,20,000₹1,17,86,552₹1,49,06,552
Year 27₹1,20,000₹32,40,000₹1,33,54,166₹1,65,94,166
Year 28₹1,20,000₹33,60,000₹1,50,98,495₹1,84,58,495
Year 29₹1,20,000₹34,80,000₹1,70,38,043₹2,05,18,043
Year 30₹1,20,000₹36,00,000₹1,91,93,253₹2,27,93,253

About this calculator

How to use the NPS calculator

  1. Enter your monthly NPS contribution and any yearly step-up.
  2. Set your current age and the age you will exit (60 by default).
  3. Choose an expected return for your asset mix.
  4. Set the share of the corpus for the annuity (at least 20%) and an annuity rate.
  5. Read your corpus, lumpsum, tax-free part and monthly pension.

NPS exit rules at 60 (non-government subscribers)

Corpus at exitLumpsumAnnuity
Up to ₹8,00,000100% lumpsum allowedNot required
₹8,00,000 to ₹12,00,000₹6,00,000 lumpsum with the rest as annuity or systematic withdrawal, or up to 80%At least 20% if you take 80%
Above ₹12,00,000Up to 80%At least 20%

From the PFRDA (Exits and Withdrawals under the NPS) Amendment Regulations, 2025. Only 60% of the corpus is tax-free.

NPS corpus and pension examples

Monthly contributionCorpusLumpsum (60%)Pension a month
₹5,000 for 20 yrs₹38,28,485₹22,97,091₹7,657
₹5,000 for 30 yrs₹1,13,96,627₹68,37,976₹22,793
₹10,000 for 20 yrs₹76,56,969₹45,94,181₹15,314
₹10,000 for 30 yrs₹2,27,93,253₹1,36,75,952₹45,587
₹20,000 for 20 yrs₹1,53,13,938₹91,88,363₹30,628
₹20,000 for 30 yrs₹4,55,86,506₹2,73,51,904₹91,173

At 10% a year, 40% used for an annuity at 6%.

NPS formula

Monthly pension = corpus × annuity share × annuity rate ÷ 12

The corpus grows like a monthly SIP. To compare with a pure equity SIP, try the SIP calculator; for the guaranteed part of your retirement, see the EPF calculator.

Frequently asked questions

How much NPS can I withdraw at 60?

Under PFRDA's exit regulations amended in December 2025, non-government subscribers can take up to 80% of the corpus as a lumpsum and must use at least 20% to buy an annuity. A corpus up to ₹8 lakh can be withdrawn in full. The earlier split was 60:40. Government employees follow separate rules.

Is the NPS lumpsum tax-free?

Only 60% of the corpus is tax-free on exit. The tax law has not yet been changed to match the 80% withdrawal limit, so any lumpsum above 60% is taxed at your slab. The monthly pension from the annuity is also taxed as income.

What return should I assume for NPS?

NPS returns are market-linked and depend on your mix of equity, corporate bonds and government securities. There is no guaranteed rate, so test a conservative figure such as 8–10% and a lower one to see the range.

What tax benefits does NPS give?

Own contributions count under 80CCD(1) within the ₹1.5 lakh 80C limit, plus an extra ₹50,000 under 80CCD(1B), both in the old regime only. Employer contributions are deductible under 80CCD(2) up to 14% of basic + DA in the new regime and 10% in the old regime.

Can I exit NPS before 60?

Yes, but on a premature exit only 20% can be taken as a lumpsum and at least 80% must buy an annuity, unless the corpus is ₹5 lakh or less, in which case it can be withdrawn in full.

How is the monthly pension worked out?

Pension = annuity purchase amount × annuity rate ÷ 12. Annuity rates depend on the insurer, your age and the option you choose (for example with or without return of purchase price), so the rate here is an editable example.

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Results are estimates for illustration, not tax or financial advice.