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NPS Calculator

See what your National Pension System account could grow to, how much you can take out under the current rules, the pension it buys and the tax you save each year.

You are in NPS as
years
years

Normal exit from 60, or after 15 years in NPS.

Corporate or government NPS; leave at 0 if you pay alone.

Depends on your mix of shares, corporate bonds and government bonds; not guaranteed.

Up to 60% of the corpus is tax-free; any lump sum above that is taxed.

What the insurer pays each year on the annuity amount; get current quotes before you exit.

For the tax saving this year

PPF, EPF, life insurance, ELSS… Your own NPS first fills any room left in the ₹1.5 lakh limit.

NPS corpus at 60

₹1,79,65,105

You put in (incl. balance today)
₹39,86,331₹39.86 lakh
Employer put in
₹0
Growth
₹1,39,78,774₹1.4 crore
Monthly pension (before tax)
₹35,930

At exit

At least 20% must buy an annuity (a monthly pension); up to 80% can be taken as a lump sum or as regular withdrawals.

  • Lump sum (60%): ₹1,07,79,063 — tax-free
  • Annuity (40%): ₹71,86,042 buys about ₹35,930 a month at 6%
How the corpus is used at exit
  • Lump sum₹1,07,79,063 (60%)
  • Annuity (pension)₹71,86,042 (40%)

Tax saved this year by these contributions

Old regime: ₹15,600 · New regime: ₹0

In the new regime only the employer's contribution is deductible (up to 14% of basic + DA). In the old regime your own contribution also counts: first in the ₹1.5 lakh section 123 limit, then up to ₹50,000 more.

Value at the end of each yearMoney put inGrowth

Year by year

YearYou put inEmployer put inGrowthValue
Age 31₹60,000₹0₹3,351₹63,351
Age 32₹1,23,000₹0₹13,504₹1,36,504
Age 33₹1,89,150₹0₹31,493₹2,20,643
Age 34₹2,58,608₹0₹58,477₹3,17,084
Age 35₹3,31,538₹0₹95,753₹4,27,291
Age 36₹4,08,115₹0₹1,44,773₹5,52,888
Age 37₹4,88,521₹0₹2,07,159₹6,95,680
Age 38₹5,72,947₹0₹2,84,722₹8,57,668
Age 39₹6,61,594₹0₹3,79,482₹10,41,076
Age 40₹7,54,674₹0₹4,93,696₹12,48,369
Age 41₹8,52,407₹0₹6,29,876₹14,82,283
Age 42₹9,55,028₹0₹7,90,822₹17,45,850
Age 43₹10,62,779₹0₹9,79,654₹20,42,433
Age 44₹11,75,918₹0₹11,99,843₹23,75,761
Age 45₹12,94,714₹0₹14,55,252₹27,49,965
Age 46₹14,19,450₹0₹17,50,176₹31,69,626
Age 47₹15,50,422₹0₹20,89,393₹36,39,815
Age 48₹16,87,943₹0₹24,78,211₹41,66,154
Age 49₹18,32,340₹0₹29,22,527₹47,54,867
Age 50₹19,83,957₹0₹34,28,893₹54,12,850
Age 51₹21,43,155₹0₹40,04,581₹61,47,736
Age 52₹23,10,313₹0₹46,57,666₹69,67,979
Age 53₹24,85,829₹0₹53,97,109₹78,82,937
Age 54₹26,70,120₹0₹62,32,849₹89,02,969
Age 55₹28,63,626₹0₹71,75,915₹1,00,39,541
Age 56₹30,66,807₹0₹82,38,535₹1,13,05,342
Age 57₹32,80,148₹0₹94,34,269₹1,27,14,416
Age 58₹35,04,155₹0₹1,07,78,146₹1,42,82,301
Age 59₹37,39,363₹0₹1,22,86,828₹1,60,26,191
Age 60₹39,86,331₹0₹1,39,78,774₹1,79,65,105

How to use this calculator

  1. Choose non-government (All Citizen or corporate) or government sector.
  2. Enter your age, when you plan to exit, your monthly contribution and your employer's, and how much both rise each year.
  3. Pick an expected return and the share you want as a lump sum at exit.
  4. Enter your salary to see the tax you save this year in each regime.

How it is calculated

Contributions are invested at the start of each month and grow at the expected return ÷ 12 each month, rising once a year by the step-up you choose. At exit:

Monthly pension = Corpus × (100% − lump sum %) × annuity rate ÷ 12

Example:₹5,000 a month from age 30 to 60, rising 5% a year, at 10%: corpus ₹1,79,65,105. Taking 60% as a tax-free lump sum gives ₹1,07,79,063; the remaining ₹71,86,042at 6% pays about ₹35,930 a month before tax.

Rules and sources

  • Exit rules: PFRDA (Exits and Withdrawals under the National Pension System) Regulations, 2015, as amended up to 20 July 2026 — regulation 4(1) for non-government subscribers, regulation 3 for government. The December 2025 amendment raised the non-government lump sum from 60% to 80%.
  • Tax: Income-tax Act, 2025 (as amended by the Finance Act, 2026) — exempt-income schedule, serial 6 (lump sum up to 60%), sections 123 and 124 (deductions). Annuity income is taxed at your slab rate.
  • Returns and annuity rates are assumptions; neither is guaranteed. Government employees are assumed to exit at retirement.

Frequently asked questions

How much of my NPS can I withdraw at 60?

Since 16 December 2025, non-government subscribers (All Citizen and corporate) can take up to 80% as a lump sum or as regular withdrawals; at least 20% must buy an annuity. Government employees must still put at least 40% into an annuity. If the corpus is ₹8 lakh or less, all of it can be withdrawn.

Is the NPS lump sum tax-free?

Only up to 60% of the corpus. The Income-tax Act, 2025 exempts an NPS payment on closure up to 60% of the amount payable, so a lump sum above that is added to your income in that year. In the example, taking the full 80% means ₹35,93,021 is taxable.

What tax do I save by investing in NPS?

In the old regime your own contribution counts towards the ₹1,50,000 section 123 limit and then up to ₹50,000 more under section 124(3). The employer's contribution is deductible up to 10% of basic + DA in the old regime (14% for government) and 14% in the new. With the example salary and ₹5,000 a month of your own, you would save ₹15,600 this year in the old regime and ₹0 in the new.

Can I leave NPS before 60?

Non-government subscribers can make a normal exit after 15 years in NPS even before 60. Leaving earlier than both is a premature exit: at least 80% must buy an annuity, unless the corpus is ₹5 lakh or less.

What if NPS returns are lower than I expect?

The corpus shrinks a lot over long periods. In the example, 10% a year builds ₹1.8 crore by 60; 8% builds ₹1.26 crore.

Related calculators

Last updated . For information only — not financial advice. Check the final figures with your lender or bank.