Calculators / Retirement
Retirement
NPS Calculator India
Work out what your National Pension System account could grow to by 60, how much of it you can take as a lump sum, and the monthly pension the rest buys. Then see what that pension is worth in today's money.
₹10,000 a month into NPS from 30 to 60, at an assumed 10% a year, grows to about ₹2.08 crore. Put 40% into an annuity at 6% and the pension is about ₹41,600 a month, which buys roughly what ₹7,200 buys today.
Open the detailed calculator with sliders and the full breakdown
Since PFRDA's December 2025 exit rules, a non-government subscriber with a corpus of more than ₹12 lakh can take up to 80% as a lump sum and must put at least 20% into an annuity at exit (government employees 40%). Smaller corpuses have fuller withdrawal options. The default here is 40%, which keeps the lump sum within the 60% that is tax-free.
About the NPS calculator
NPS is a low-cost retirement account run under PFRDA. You choose how your money is split between equity, corporate bonds and government bonds, it stays locked till 60, and at exit part of it must buy a pension. Below the tool is how the projection works, what the tax rules give and take, how much of the corpus you can actually take, and where NPS fits beside your EPF, PPF and SIPs.
NPS by life stage
How much will my NPS grow to?
On the calculator's default, ₹10,000 a month from age 30 to 60 at an assumed 10% a year grows to about ₹2.08 crore, of which ₹36 lakh is what you put in. That figure is before inflation and before the tax on the pension, so read the next answers before you count on it. Enter your own contribution, age and return above for your figure.
| Start at | You put in | Corpus at 60 |
|---|---|---|
| 30 | ₹36 lakh | ₹2.08 crore |
| 35 | ₹30 lakh | ₹1.24 crore |
| 40 | ₹24 lakh | ₹72.4 lakh |
| 45 | ₹18 lakh | ₹40.2 lakh |
Starting at 30 instead of 40 means putting in ₹12 lakh more, and it nearly triples the corpus. The last decade of compounding does most of the work, which is why the start date matters more than the amount.
How does the calculator work it out?
It adds your contribution every month and grows the balance at the annual return you enter, converted to the matching monthly rate. At 60 it splits the corpus by the annuity share you choose: that part buys a pension at the annuity rate you enter, and the rest is the lump sum. Real NPS funds do not earn a fixed return; their value moves with the market every day, so the result is an estimate of where a steady average could take you.
Why does another calculator show a bigger number?
Many calculators divide the annual return by 12 and compound that every month. At 10% that turns into about 10.5% a year without anyone saying so, and over thirty years the gap is large. This calculator converts 10% a year into the monthly rate that really gives 10% a year.
| Method | Real yearly rate | Corpus |
|---|---|---|
| 10% divided by 12, every month | about 10.47% | ₹2.28 crore |
| The monthly rate that gives 10% a year | 10% | ₹2.08 crore |
The ₹20 lakh difference is not extra money; it comes from assuming a higher return than the one you typed in. Use the lower figure for planning.
Is 10% a realistic return for NPS?
It is a planning assumption, not a promise. A mix that is mostly equity can average more than 10% over thirty years, and a mix that is mostly bonds will usually earn less, so set the return to match how much of your NPS is in equity. Changing it shows how much rides on it: at 8% the default grows to about ₹1.42 crore, and at 12% to about ₹3.08 crore.
How much can I take as a lump sum at 60?
Under PFRDA's December 2025 rules, a non-government subscriber with a corpus of more than ₹12 lakh can take up to 80% as a lump sum and must put at least 20% into an annuity. Government employees must annuitise at least 40%. Smaller corpuses have fuller withdrawal options: if the corpus is ₹8 lakh or less you can take all of it, and between ₹8 lakh and ₹12 lakh different limits apply. Only 60% of the corpus is tax-free under current law, which is why the calculator's default keeps the lump sum at 60%.
| Annuity share | Lump sum | Pension a month |
|---|---|---|
| 40% | ₹1.25 crore | ₹41,586 |
| 20% (the minimum) | ₹1.66 crore | ₹20,793 |
A bigger lump sum gives you control and lets you invest it yourself, while a bigger annuity gives a fixed income for life that you cannot outlive but that does not rise with prices. Many people choose between the two based on what other pension or rental income they have.
What is my pension worth in today's money?
Much less than it looks. At 6% inflation, ₹41,586 a month thirty years from now buys roughly what ₹7,200 buys today, and the ₹2.08 crore corpus is worth about ₹36 lakh in today's money. Most annuities pay a fixed amount for life, so the pension also loses buying power every year after you retire. Plan the rest of your retirement money with that in mind.
What tax benefits does NPS give?
In the old tax regime, your own contribution counts under the ₹1.5 lakh limit of Section 123 of the Income-tax Act, 2025 (the old 80C), and you can deduct another ₹50,000 a year under Section 124 (the old 80CCD(1B)). In the new regime only your employer's contribution, up to 14% of basic plus DA, is deductible, also under Section 124 (the old 80CCD(2)). The new section numbers apply from the 2026-27 tax year. At exit, 60% of the corpus is tax-free and the pension is taxed as income every year. The calculator shows amounts before any tax.
What does the calculator leave out?
Fund management charges, which are small for NPS, the tax on the pension, and the fact that real returns rise and fall from year to year. It also assumes you contribute the same amount every month for the whole period. If your contribution rises with your salary, the corpus will be bigger; the step-up SIP calculator shows how much that can add.
Can I take money out before 60?
Only in limited ways. Partial withdrawals are allowed for specified needs such as children's education or marriage, buying or building a house (once), and medical treatment, within limits on your own contributions. Since December 2025 a lender can also give you a loan against the account, up to 25% of your own contributions. Treat NPS as money you will not touch, and keep your emergency fund elsewhere.
Is NPS enough for retirement on its own?
Usually not. NPS is one pillar beside EPF or PPF for safe money and equity SIPs for growth. Add up what all of them give you and check it against your target with the retirement planner, then use the SWP calculator to see how long a lump sum lasts when you draw from it.
NPS or an equity SIP for retirement?
NPS costs very little to run and can cut your tax, but the money is locked till 60 and part of it must buy an annuity. An equity SIP stays fully in your control and can be used for any goal, with no tax break going in. Many people use NPS for the tax-saving slice and their employer's contribution, and SIPs for the rest. The PPF vs ELSS vs NPS comparison covers which suits which tax regime.