India NPS Calculator
See what your National Pension System pot will grow to, how much you can take as a lump sum and the monthly pension it buys.
Your mix (equity / corporate bonds / government bonds, adds up to 100%)
Example returns a year (assumptions, change them)
Non-government means private sector, corporate NPS or the all-citizen model.
Year-by-year pot and chart
| Age | Return | You put in | Employer | Growth | Pot at year end |
|---|
How your NPS pension is worked out
Money in each month, growth until you exit, then a lump sum and a pension.
- 1
Money in each month
You ₹5,000= ₹5,000 a month
- 2
Grows to age 60
10% a yearfor 30 years= ₹1.14 crore
- 3
Split at exit
Lump sum 80%= ₹91.17 lakhAnnuity ₹22.79 lakh
- 4
Monthly pension
₹22.79 lakh × 6%÷ 12≈ ₹11,397 a month
Read more: the formula, a worked example, exit and tax rules
The National Pension System (NPS) is India's market-linked pension scheme, run by PFRDA. You (and often your employer) pay into your account, and pension fund managers invest it in equity, corporate bonds and government bonds. When you exit, usually at 60, part of the pot can be taken as a lump sum and the rest must buy an annuity from an insurer, which pays you a pension every month for life. For a pension that's fixed by your salary instead, see the EPF calculator; to plan all your savings together, try the retirement calculator.
The formula
money in each month = your contribution + employer % × basic + DA
pot each month = (pot + money in) × (1 + yearly return ÷ 12)
next year's contribution = contribution × (1 + step-up)
lump sum = pot × lump-sum %
annuity amount = pot − lump sum
monthly pension = annuity amount × annuity rate ÷ 12
pension in today's money = pension ÷ (1 + inflation) ^ years
With an asset mix, the yearly return is the weighted average: equity share × equity return + corporate bond share × corporate bond return + government bond share × government bond return. With an Auto-choice fund the mix changes every year as you get older.
Worked example
You're 30, pay ₹5,000 a month, expect 10% a year and exit at 60 as a non-government subscriber. The monthly return is 10% ÷ 12 = 0.8333%.
Each deposit goes in at the start of the month and grows until you exit. Over 360 months the pot is ₹5,000 × ((1.008333)^360 − 1) ÷ 0.008333 × 1.008333 = ₹5,000 × 2,279.33 = ₹1,13,96,627. You put in ₹5,000 × 360 = ₹18,00,000, so growth is ₹95,96,627. After the first year the pot is ₹63,351.
At exit you can take 80% as a lump sum: ₹1,13,96,627 × 80% = ₹91,17,301. Of that, 60% of the pot (₹68,37,976) is tax-free and the other ₹22,79,325 may be taxable. The remaining 20%, ₹22,79,325, buys an annuity. At 6% a year it pays ₹22,79,325 × 6% ÷ 12 = ₹11,397 a month. With 6% inflation over 30 years, that's like ₹11,397 ÷ 1.06^30 = ₹1,984 a month in today's money.
In the old regime at a 30% slab, ₹50,000 of your ₹60,000 a year counts under 80CCD(1B), which saves ₹50,000 × 30% × 1.04 = ₹15,600 a year in tax.
Exit rules
| When you exit | Non-government | Government |
|---|---|---|
| At 60 (normal exit) | Up to 80% lump sum, at least 20% annuity | Up to 60% lump sum, at least 40% annuity |
| Small pot at 60 | ₹8 lakh or less: take it all | |
| Pot of ₹8–12 lakh at 60 | Up to ₹6 lakh lump sum, rest by instalments or annuity (or the usual lump sum / annuity split) | |
| Before 60 (early exit) | Up to 20% lump sum, at least 80% annuity; ₹5 lakh or less: take it all | |
| After 60 | You can stay in and exit later, up to age 85 | |
PFRDA changed the exit rules for non-government subscribers in December 2025: the lump sum went up from 60% to 80% and exit can now wait until 85. Rules checked on NPS Trust's exit pages (npstrust.org.in) on 11 October 2026. You can always put more than the minimum into the annuity, which gives a bigger pension. Annuity rates depend on the insurer, your age and the type of annuity (for example with or without return of purchase price), so compare quotes before you exit.
How the money is invested
With Active choice you pick your own split between equity (E), corporate bonds (C) and government bonds (G); equity is capped (75% in the standard schemes). With Auto choice a life-cycle fund moves money from equity to government bonds as you age:
| Fund | Up to 35 (E / C / G) | At 55 (E / C / G) |
|---|---|---|
| Aggressive (LC75) | 75 / 10 / 15% | 15 / 10 / 75% |
| Moderate (LC50) | 50 / 30 / 20% | 10 / 10 / 80% |
| Conservative (LC25) | 25 / 45 / 30% | 5 / 5 / 90% |
This calculator moves the mix in even steps between 35 and 55; NPS Trust publishes the exact year-by-year table. The example returns (12% equity, 9% corporate bonds, 8.5% government bonds) are assumptions for planning, not past or promised returns.
Tax
In the old regime your own contribution counts under 80CCD(1) inside the ₹1.5 lakh 80C limit (up to 10% of basic + DA if you're salaried), and up to ₹50,000 more under 80CCD(1B). Your employer's contribution is deductible under 80CCD(2) up to 14% of basic + DA in the new regime, and 10% (14% for government staff) in the old regime. Employer contributions to EPF, NPS and superannuation above ₹7.5 lakh a year in total are taxable. At exit, a lump sum of up to 60% of the pot is tax-free; how any lump sum above 60% is taxed is not yet clear. The monthly pension is taxed as income. The tax saved shown here is your deduction × your slab × 1.04 (with cess), for the first year.
This is an estimate. NPS returns go up and down with the markets, and the calculator assumes the same return every year (or the same returns for each asset class). It treats each year of age as one financial year and doesn't take off fund management or other charges. Exit and tax rules are as reported after PFRDA's December 2025 changes and have not yet been checked against the official notification, so please confirm them with NPS Trust or PFRDA.
Common questions
How much pension will I get from NPS?
Your monthly pension depends on the part of your pot that buys an annuity and the annuity rate. Pension = annuity amount × annuity rate ÷ 12. For example, ₹5,000 a month from 30 to 60 at 10% grows to about ₹1.14 crore. With 20% (₹22.79 lakh) in an annuity at 6%, that pays about ₹11,397 a month.
How much can I withdraw from NPS at 60?
After PFRDA’s December 2025 changes, non-government subscribers (private, corporate and all-citizen) can take up to 80% as a lump sum and must put at least 20% into an annuity. Government staff stay at 60% lump sum and 40% annuity. For both, a pot of ₹8 lakh or less can be taken in full, and a pot of ₹8–12 lakh allows up to ₹6 lakh as a lump sum with the rest in instalments or an annuity (NPS Trust, checked October 2026).
Is the NPS lump sum tax-free?
A lump sum of up to 60% of your pot is tax-free. The rules for taking more than 60%, which is now possible for non-government subscribers, are not clear yet, so that extra part may be taxed at your slab rate. The pension from the annuity is taxed as normal income every year. Check with a tax adviser before you exit.
What is the 80CCD(1B) tax benefit?
In the old tax regime you can deduct up to ₹50,000 a year of your own NPS contribution under 80CCD(1B), on top of the ₹1.5 lakh 80C limit. At a 30% slab plus 4% cess that saves ₹15,600 a year. The new regime does not allow it, but your employer’s NPS contribution of up to 14% of basic + DA is deductible under 80CCD(2) in the new regime.
What return does NPS give?
NPS returns are market-linked and not fixed. Your money is split between equity, corporate bonds and government bonds, and the return depends on that mix and the fund manager. This calculator uses example returns of 12% for equity, 9% for corporate bonds and 8.5% for government bonds. These are only assumptions, so try lower numbers too.
Can I stay in NPS after 60?
Yes. You can keep contributing and put off your exit, now up to age 85 under the December 2025 changes. Leaving the money in longer lets it keep growing, and you can choose when to take the lump sum and buy the annuity. Set a later exit age in Advanced mode to see the difference.
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