Investment Intelligence

NPS Calculator — Estimate Your Retirement Corpus and Pension

Calculate your NPS retirement corpus, the tax-free lumpsum you can withdraw, and your estimated monthly pension from the mandatory annuity.

Calculate My NPS Corpus
Projects your corpus based on monthly contribution, age, and expected return
Splits your corpus into the 60% lumpsum and 40% mandatory annuity
Estimates your monthly pension based on your chosen annuity rate
Covers the extra ₹50,000 tax deduction under Section 80CCD(1B)

How it's calculated

1
Enter your monthly contribution and age
Input how much you contribute monthly, your current age, and planned retirement age.
2
We project your corpus at retirement
Using your expected annual return, we compound your contributions until your retirement age.
3
See the 60/40 split
60% of your corpus is available as a tax-free lumpsum; 40% is mandatorily used to purchase an annuity for pension.
4
Get your estimated monthly pension
Based on your chosen annuity rate, we calculate the monthly pension the annuity corpus would pay for life.

Benchmarks we use

60% / 40%
Lumpsum vs mandatory annuity split
At retirement, 60% of your NPS corpus can be withdrawn tax-free as a lumpsum; 40% must go into an annuity for pension.
₹50,000
Extra deduction under 80CCD(1B)
NPS contributions qualify for this additional deduction, over and above the ₹1.5 lakh Section 80C limit.
4-9%
Typical annuity rate range
The rate at which your annuity corpus converts into a monthly pension, varying by annuity provider and plan chosen.

Frequently Asked Questions

How much of my NPS corpus can I withdraw as a lumpsum?
At retirement, you can withdraw up to 60% of your NPS corpus as a tax-free lumpsum. The remaining 40% must be used to purchase an annuity that pays you a monthly pension.
What is the extra NPS tax benefit?
NPS contributions qualify for an additional ₹50,000 deduction under Section 80CCD(1B), over and above the ₹1.5 lakh limit under Section 80C — making it a popular way to reduce taxable income further.
Is the monthly pension amount guaranteed?
No. The pension depends on the annuity rate offered by the annuity provider at the time of retirement, which can vary and change over time. This calculator provides an estimate only.
Can I choose how much goes to annuity?
The 40% minimum annuity allocation is mandatory per NPS rules, though you can choose to annuitize more than 40% if you wish for a higher pension.

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