NPS (National Pension System) calculator
Estimate the retirement corpus you could build with the National Pension System. Enter your age, monthly contribution and an expected return to see your total corpus at 60, the tax-free lump sum you can withdraw, and the monthly pension from the annuity. NPS returns are market-linked, so treat this as a planning estimate.
Estimate only. NPS returns are market-linked and not guaranteed — the real corpus depends on your fund choice and market performance. At 60 you can take up to 60% as a tax-free lump sum; at least 40% must buy an annuity, whose pension is taxable.
How this calculator works
- You contribute every month from now until age 60 (the NPS retirement age).
- The corpus grows at your chosen expected return, compounded monthly — but the real return is market-linked and not guaranteed.
- At 60, you can withdraw up to 60% of the corpus as a tax-free lump sum.
- At least 40% must be used to buy an annuity, which pays your monthly pension; that pension is taxable. The pension depends on the annuity rate at that time.
Frequently asked questions
Is the NPS return guaranteed?
No. NPS is market-linked — your money is invested in equity and debt, so the actual return depends on the markets and your fund choice. This calculator uses an assumed return for planning only.
How much can I take as a lump sum at 60?
Up to 60% of the corpus as a lump sum, which is tax-free. At least 40% must be used to buy an annuity.
Is the NPS pension taxable?
The 60% lump sum is tax-free, but the monthly pension you receive from the annuity is taxable as income in the year you receive it.
What tax benefit does NPS give?
Contributions qualify under Section 80CCD(1) within the ₹1.5 lakh 80C limit, plus an extra ₹50,000 under 80CCD(1B) in the old tax regime; employer contributions get a separate benefit under 80CCD(2).
Next steps
Deciding between a guaranteed pension and a market-linked one? Read our APY vs NPS guide, or use the eligibility checker to see which government schemes apply to you.
This calculator gives an estimate for general information only — it is not financial advice. NPS returns are market-linked and not guaranteed; annuity rates and tax rules change. Confirm details on the official NPS portal before investing.