NPS Calculator

The National Pension System is a government-regulated retirement scheme run by PFRDA. You contribute regularly to a Tier I account, choose how much goes into equity, corporate bonds and government securities, and the money stays invested until 60. At exit, part of the corpus comes back as a lump sum and the rest buys an annuity that pays a monthly pension.

This calculator projects your corpus at 60 from a monthly contribution and an expected return, then splits it between the lump sum and the annuity under the current exit rules. It shows the monthly pension at an annuity rate you choose, and how much of the lump sum is tax-free.

Contributions are invested until 60 and grow like a SIP. At exit, since PFRDA's December 2025 amendment, non-government subscribers with a corpus above ₹12 lakh can take up to 80% as a lump sum and must use at least 20% to buy an annuity, which pays a pension for life.

Tax rules haven't moved with the exit limit: 60% of the corpus is tax-free, so taking more than that adds the rest to your taxable income. The annuity pension is taxed as income each year. Under the old regime, up to ₹50,000 a year of contributions can also be deducted under section 80CCD(1B).