NPS calculator
Plan your retirement with the National Pension System. Enter your monthly contribution and age to project your corpus at 60, the tax-free lump sum, and your estimated monthly pension.
NPS details
Retirement at 60 · results update live
₹18L
Invested
your contributions
₹68.38L
Lump sum
60% · tax-free
₹22.79K
Pension
per month
Corpus growth to retirement
Contributions vs corpus, year by year
Corpus at 60
₹1,13,96,627
Build your pension
Contribute now, draw later
NPS turns decades of small monthly contributions into a retirement corpus, then converts part of it into a lifelong pension. Starting early and staying invested makes an outsized difference.
- 1
Contribute monthly
Your contributions are invested in equity and debt and compound until 60.
- 2
Grow the corpus
Market-linked returns build a much larger sum than you put in.
- 3
Take 60% tax-free
At retirement you can withdraw up to 60% of the corpus, completely tax-free.
- 4
Annuitise the rest
At least 40% buys an annuity that pays you a monthly pension for life.
Questions
Frequently asked
The National Pension System (NPS) is a government-backed, market-linked retirement scheme. You contribute regularly until age 60; the money is invested in a mix of equity and debt and grows into a corpus. At 60 you take part of it as a tax-free lump sum and must use the rest to buy an annuity that pays you a monthly pension.
Your monthly contributions compound at the expected return until retirement to form the corpus. At 60, a minimum of 40% of the corpus must buy an annuity; the remaining up to 60% can be withdrawn as a tax-free lump sum. The monthly pension is the annuity portion multiplied by the annuity rate, divided by 12.
At retirement, up to 60% of the corpus can be withdrawn entirely tax-free. The remaining minimum 40% buys an annuity; the pension you then receive is taxable as income in the years you receive it. Contributions also get deductions under Sections 80CCD(1), 80CCD(1B) (extra ₹50,000) and 80CCD(2).
NPS returns depend on your asset mix. Historically, NPS equity schemes have returned around 10–12% and government-bond schemes 7–9% over long periods. A typical lifecycle allocation lands somewhere in between. Returns are market-linked and not guaranteed - use a conservative figure for planning.
The annuity rate is the yearly pension your annuity provider pays as a percentage of the amount used to buy it - typically around 6% currently. A higher annuity portion or rate means a larger monthly pension but a smaller lump sum. Adjust both above to see the trade-off.