Free NPS calculator with the new exit rules: up to 80% lump sum, 20% annuity. Estimate your corpus, lump sum and monthly pension with step-up contributions.
Who Uses NPS Calculator
Use it when: deciding how much to contribute to NPS each month, checking what your current contributions could add up to by 60, choosing between a bigger lump sum and a bigger pension, testing what a yearly step-up adds, or comparing NPS with a SIP or PPF on your own numbers.
NPS Calculator Features
- Current exit rules — Up to 80% lump sum and at least 20% annuity for non-government subscribers, as amended by PFRDA in December 2025
- Lump sum and pension — Splits the corpus at exit and estimates the monthly pension the annuity part could pay at the rate you enter
- Step-up contributions — Raise the contribution every year the way a salary rises, and see what the increase adds to the corpus
- Small-corpus rules — A corpus of up to ₹8 lakh can be withdrawn in full, and the calculator switches the limit automatically
How to Use NPS Calculator
Age, contribution and return in; corpus, lump sum and pension out
- Enter age and contribution — Your current age, the age you plan to exit, and what you put in each month
- Pick a return — Conservative, balanced or aggressive, or type your own expected yearly return
- Split at exit — Choose the lump sum share and annuity rate to see the cash in hand and the monthly pension
Frequently Asked Questions
How much can I withdraw from NPS at 60?
Under PFRDA's rules as amended in December 2025, All Citizen and Corporate subscribers can take up to 80% of the corpus as a lump sum and must use at least 20% to buy an annuity. Smaller corpuses have more freedom: up to ₹8 lakh can be withdrawn in full, and between ₹8 and ₹12 lakh you can take ₹6 lakh with the rest paid out over at least six years. Government-sector subscribers have separate rules.
How much pension will I get from NPS?
It depends on the corpus, the share you put into the annuity and the annuity rate. For example, ₹5,000 a month from age 30 to 60 at a 10% return builds about ₹1.14 crore. Using 40% of it, about ₹45.6 lakh, for an annuity at 6% pays roughly ₹22,800 a month. Taking the full 80% lump sum instead leaves about ₹22.8 lakh for the annuity and a pension of about ₹11,400.
What return should I assume for NPS?
NPS returns depend on the mix of equity, corporate bonds and government securities you choose, and they are not guaranteed. Long-run category returns have commonly been in the 8 to 12% range, which is why the calculator offers 8%, 10% and 12% presets. Try a lower rate as well, so you know what the plan looks like if markets disappoint.
What is an annuity and what rate should I use?
An annuity is a policy bought from an insurer with part of your NPS corpus, which then pays you a regular pension for life. The rate depends on the insurer, your age and the type of plan, for example with or without return of the purchase price to your family. Quotes have typically been around 5.5 to 7% a year; the calculator uses 6% by default and lets you change it.
Is the NPS lump sum tax-free?
60% of the corpus withdrawn at exit is tax-free. The rules now allow up to 80% as a lump sum, but how the extra 20% is taxed had not been clearly settled when this page was written, so check with a tax adviser before withdrawing more than 60%. The monthly pension from the annuity is taxed as income in the year you receive it.
Can I keep my NPS account open after 60?
Yes. Exit at 60 is optional. You can keep contributing and stay invested up to age 85, defer the lump sum, or defer buying the annuity. Set a later retirement age in the calculator to see what a few more years of contributions and growth add.
What happens if I exit NPS before 60?
A premature exit allows a lump sum of only up to 20% of the corpus, and at least 80% must be used to buy an annuity. If the corpus is ₹5 lakh or less, the whole amount can be withdrawn. This calculator models a normal exit at 60 or later; plan for the stricter limits if you might leave early.
Does this calculator include my employer's contribution?
Enter the total that goes into your NPS account each month, including your employer's share if you have one. The calculator treats it as one monthly contribution. If you expect both to rise with salary, use the yearly increase field to step the total up.
Are these rules the same for government employees?
No. Central and state government employees in NPS have their own exit rules, and the 80% lump sum change applies to All Citizen and Corporate subscribers. If you are a government employee, check your scheme's rules before relying on the lump sum figure here.
NPS calculator kaise use kare?
Apni abhi ki age, retirement ki age aur har mahine ka contribution daaliye. Phir expected return chuniye, jaise 10% balanced. Neeche lump sum ka percentage aur annuity rate set kijiye. Calculator turant batata hai ki 60 saal par kitna corpus banega, kitna ek saath milega aur har mahine kitni pension aa sakti hai.
How the NPS calculator works
The calculator treats your NPS contribution as a monthly investment from today until the age you exit. Each month's contribution is added at the start of the month and the whole balance grows at the expected yearly return divided by twelve. If you set a yearly increase, the monthly amount steps up once a year, the way a salary usually does. This is the same arithmetic as the SIP calculator on this site, so the two can be compared directly.
At exit, the corpus splits in two. The lump sum is the part you can take as cash. The rest buys an annuity, a policy from an insurer that pays a pension for life. The monthly pension shown is simply the annuity amount multiplied by the annuity rate and divided by twelve, which is how a basic life annuity without return of purchase price works. Plans that return the purchase price to your family pay a lower rate.
As an example, ₹5,000 a month from age 30 to 60 at 10% a year builds about ₹1.14 crore from ₹18 lakh of contributions. With a 60% lump sum, you would receive about ₹68.4 lakh in cash and the remaining ₹45.6 lakh would pay a pension of about ₹22,800 a month at 6%.
The 2025 exit rules: up to 80% as lump sum
PFRDA amended its exit regulations in December 2025. For subscribers in the All Citizen and Corporate models, the lump sum allowed at normal exit rose from 60% to 80% of the corpus, and the minimum annuity fell from 40% to 20%. Normal exit is at age 60, or after completing 15 years of subscription.
Smaller corpuses get more flexibility. If the corpus at exit is ₹8 lakh or less, it can be withdrawn in full. Between ₹8 and ₹12 lakh, you can take up to ₹6 lakh as a lump sum with the rest paid out through systematic withdrawals over at least six years or used for an annuity, or use the general 80/20 option. The calculator applies the right limit for your projected corpus automatically.
Exiting before 60 is stricter: only up to 20% can be taken as a lump sum and at least 80% must buy an annuity, unless the corpus is ₹5 lakh or less. You are also no longer forced to exit at 60. You can stay invested, keep contributing, or defer the annuity up to age 85.
Lump sum or pension: what the split means for you
A bigger lump sum gives you control of more money at retirement, but a smaller guaranteed income. A bigger annuity gives a larger pension for life, but annuity rates are fixed when you buy, and the money is no longer yours to invest or pass on unless you choose a plan that returns the purchase price.
Tax also matters. 60% of the corpus withdrawn at exit is tax-free. The rules now allow up to 80% as a lump sum, but how the extra 20% is taxed was not clearly settled when this page was written, so take advice before withdrawing more than 60%. The pension is taxed as income each year.
Many retirees take part of the lump sum, keep it in safe and liquid investments for emergencies, and use the annuity to cover fixed monthly costs. Use the calculator to compare a 60% and an 80% lump sum on your own numbers before you decide.
| NPS | PPF | Equity SIP | |
|---|---|---|---|
| Return | Market-linked, not guaranteed | 7.1% (set quarterly) | Market-linked, not guaranteed |
| Access | Locked till 60, limited partial withdrawals | 15-year lock-in, loans and withdrawals | Any time |
| At maturity | Up to 80% lump sum, rest buys a pension | Whole amount, tax-free | Whole amount |
| Tax on payout | 60% tax-free, pension taxable | Fully tax-free | Capital gains tax |
| Pays a pension | Yes, through the annuity | No | No |
NPS is the only one of the three built to pay a pension. Compare them on your own numbers with the PPF and SIP calculators.
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