NPS Calculator - National Pension System Pension Calculator

Reviewed August 7, 2026

Enter details

Monthly contribution

Current age

years

Retirement age

years

Expected return rate (%)

Annuity allocation (%)

Expected annuity rate (%)

ResultUpdates as you type

Total pension corpus$11,302,439.62

Lump sum withdrawal (60%)$6,781,463.77

Annuity corpus (min 40%)$4,520,975.85

Estimated monthly pension$22,604.88

Retirement Corpus Distribution

Tax-free lump sum (60%)60.0%
Annuity corpus (min 40%)40.0%

NPS Corpus Growth Until Retirement

Pension corpus balance

Calculate National Pension System (NPS) retirement corpus, 60% lump sum tax-free withdrawal, annuity portion, and estimated monthly pension.

The National Pension System (NPS) is a voluntary pension scheme designed to secure your financial independence after retirement. Estimate your total corpus, lump sum payout, and monthly pension.

What is an NPS Calculator?

An NPS calculator calculates the retirement corpus, lump sum tax-free payout, and expected monthly pension generated by National Pension System investments. It helps individuals structure an effective pension strategy.

Key Benefits of NPS

Tax Benefits: Extra tax deductions under specialized pension tax provisions.
Low Cost: Unmatched low asset management fees compared to mutual funds.
Flexible Asset Allocation: Choose between Auto Choice (age-based) and Active Choice (equity, corporate bonds, govt securities).

How to use

Enter your current age and planned retirement age.
Input your monthly contribution towards NPS.
Select your expected annual return rate (historically 9-12% for equity & debt mix).
Set the percentage of corpus allocated for annuity (minimum 40%).
Review your total pension corpus, tax-free lump sum, and estimated monthly pension.

Formula

NPS contributions accumulate until age 60 through monthly compounding across equity and debt funds.

NPS Retirement CorpusFV = P × [((1 + r)^n − 1) / r]FV = total corpus at retirement, P = monthly contribution, r = effective monthly rate, n = total months.

Lump Sum & Annuity SplitLump Sum = 60% × FV, Annuity Corpus = 40% × FVAt least 40% of the corpus must be used to purchase an annuity for regular monthly pension.

Monthly Pension PayoutMonthly Pension = (Annuity Corpus × Annuity Rate) / 12Estimated monthly payout generated by the annuity plan.

Worked examples

Age 30 to 60, $5,000 monthly contribution at 10% return

Contributing $5,000 monthly for 30 years accumulates a retirement corpus of ~$11,396,627. Taking a 60% lump sum gives $6,837,976 tax-free, while a 40% annuity at 6% generates ~$22,793/month pension.

Age 25 to 60, $2,500 monthly contribution at 11% return

Starting at age 25 with $2,500/month generates a total corpus of ~$13,248,000 at age 60.

Frequently asked questions

What is the National Pension System (NPS)?

NPS is a pension scheme regulated by PFRDA that allows individuals to invest in equity and debt funds for retirement savings.

How much lump sum can I withdraw at retirement?

You can withdraw up to 60% of your total NPS corpus as a tax-free lump sum at age 60.

What is the annuity portion in NPS?

At least 40% of the accumulated corpus must be invested in an annuity plan to provide a regular monthly pension.

Can I exit NPS before age 60?

Partial withdrawals up to 25% are allowed after 3 years for specific events (higher education, home purchase, medical emergency). Premature exit requires 80% annuity allocation.