NPS Calculator — National Pension System
This NPS calculator projects your National Pension System Tier 1 corpus at age 60, based on your monthly contribution and expected return, then splits it the way NPS rules require: up to 60% as a tax-free lump sum, with a mandatory minimum of 40% used to buy an annuity that pays you a monthly pension for life. Enter your current age, monthly contribution and expected returns to see all three figures.
NPS Tier 1 accounts mature at age 60 — this calculator projects your corpus from your current age up to 60.
How much you contribute to your NPS Tier 1 account each month.
NPS returns depend on your chosen mix of equity, corporate bonds and government securities — equity-heavy allocations have historically returned more but carry more volatility.
The rate at which your mandatory annuity purchase pays out as a pension — this varies by insurer and product chosen at retirement.
Total corpus at 60
सेव करने के लिए लॉग इन करें₹92,22,370
The maximum share of your corpus you can withdraw tax-free as a lump sum at retirement.
From the mandatory 40% of your corpus used to buy an annuity — illustrative only, since real payout rates vary by insurer.
Frequently asked questions
Can I withdraw my entire NPS corpus as a lump sum at retirement?+
No — by NPS rule, a minimum of 40% of your corpus must be used to purchase an annuity that pays you a regular pension. You can withdraw up to 60% as a tax-free lump sum, but the remaining 40% (or more, if you choose) is locked into an annuity product.
What's the difference between NPS Tier 1 and Tier 2?+
Tier 1 is the primary retirement account with a lock-in until 60 and the tax benefits (80C and the extra 80CCD(1B) deduction) — this is what the calculator models. Tier 2 is a voluntary add-on account with no lock-in and full liquidity, but it doesn't carry the same tax advantages, so it functions more like a regular investment account.
Is the estimated monthly pension guaranteed?+
No — the pension figure here is illustrative, based on the annuity rate you enter. Actual annuity payout rates depend on the specific insurance company and annuity product you select at retirement, and can vary meaningfully between providers, so treat this as a planning estimate rather than a guaranteed number.