Project your NPS retirement corpus, lump sum withdrawal, and estimated monthly pension from the annuity portion.
Enter your age, monthly contribution, and expected return to project your retirement corpus.
A minimum of 40% must go into an annuity by law; the remaining can be withdrawn as a tax-free lump sum.
Enter your details and hit calculate
Calculate to see the step-by-step NPS projection.
The National Pension Scheme is a government-regulated, market-linked retirement savings scheme open to all Indian citizens between 18 and 70 years of age. Your contributions are invested across equity, corporate bonds, and government securities based on your chosen allocation, and the corpus grows until you retire.
Accumulation phase: this calculator treats your monthly contribution as a growing annuity invested at your expected rate of return until retirement, using the standard future value of an annuity formula: FV = P × [((1+i)ⁿ − 1) / i] × (1+i), where P is the monthly contribution, i is the monthly rate of return, and n is the number of months remaining until retirement.
Withdrawal rules: at retirement, current NPS rules require you to use at least 40% of your accumulated corpus to purchase an annuity, which pays you a regular pension for life. The remaining amount, up to 60%, can be withdrawn as a lump sum and is entirely tax-free. If you choose to annuitize more than the mandatory 40%, your monthly pension will be higher but your immediate lump sum will be smaller.
Pension estimation: the monthly pension shown here is estimated simply as (Annuity Corpus × Annuity Rate) ÷ 12. Actual annuity payouts depend on the specific annuity plan and provider you choose at retirement, your age, and whether you opt for a with-spouse or return-of-purchase-price variant, so treat this as an approximate figure.
NPS also offers tax benefits under Section 80CCD(1) (part of the overall 80C limit) and an additional ₹50,000 deduction under Section 80CCD(1B), available only under the Old Tax Regime.
Reference: Pension Fund Regulatory and Development Authority (PFRDA) guidelines, Government of India. NPS returns are market-linked and not guaranteed; this calculator uses a fixed assumed rate purely for illustration and is not investment advice.
No. By law, at least 40% of your accumulated corpus must be used to buy an annuity that pays you a monthly pension. Only the remaining portion, up to 60%, can be withdrawn as a lump sum, and this lump sum is fully tax-free.
No, NPS is a market-linked scheme, so returns depend on the performance of the underlying equity, corporate bond, and government securities funds you choose. This calculator uses a fixed assumed rate for projection purposes only.
Yes, the monthly pension you receive from the annuity portion is taxable as per your income tax slab in the year you receive it, unlike the lump sum withdrawal which is tax-free.
Yes, NPS allows you to continue or defer your account up to the age of 75, giving you flexibility to keep contributing or stay invested for a longer accumulation period if you choose not to exit at 60.