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NPS calculator
What your NPS could pay you every month after 60
Put in what you can set aside each month and your age today. The calculator works out the corpus at 60, how much goes into an annuity, the lump sum you can take, and a rough monthly pension from the annuity part.
- Age today
- 30
- Monthly contribution
- ₹5,000
- Assumed return
- 10% a year
- Corpus at 60
- ₹1.14 crore
- Estimated pension
- ₹22,793 a month
One example, worked out
40% of the corpus in an annuity at 6%. All rates are assumed rates for illustration.
Calculator
Move the sliders, watch the pension change
Contributions run every month from your age today until 60. The return and the annuity rate are assumed rates for illustration only. Real NPS returns change every year and can be negative in some years.
- Years of contribution
- 30
- You put in
- ₹18,00,000
- Growth on top
- ₹95,96,627
- Corpus at 60
- ₹1,13,96,627
- Into annuity
- ₹45,58,651
- Lump sum you can take
- ₹68,37,976
Assumed rate for illustration, not a promise. NPS returns depend on the asset mix and the market. Annuity rates are set by the insurer on the day you buy. Rules as of 2026, check current rules. Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Behind the numbers
How the calculator does its sums
No black box. Here is every step, so you can check it on paper or in a spreadsheet.
Quick check: ₹1,000 a month for 10 years at 12% comes to ₹2,32,339 with this method, the same figure most SIP calculators show.
Monthly growth
The yearly rate is divided by 12. At 10% a year, each month's money grows by about 0.83% a month.
Contributions to 60
Months = (60 minus your age) × 12. Each contribution compounds from the month it goes in. That gives the corpus.
The split at 60
The share you pick (at least 40%) buys an annuity. The rest is the lump sum you can withdraw.
Monthly pension
Annuity amount × annuity rate ÷ 12. At ₹45.6 lakh and 6%, that is about ₹22,800 a month.
Same ₹5,000, different start
Ten years late costs more than you think
₹5,000 a month till 60, 10% assumed return, 40% into an annuity at 6%. Assumed rates for illustration. The person who starts at 25 puts in ₹9 lakh more than the 40-year-old, and ends with roughly five times the corpus.
| Start at age | Years | You put in | Corpus at 60 | Est. pension a month |
|---|---|---|---|---|
| 25 | 35 | ₹21,00,000 | ₹1,91,41,384 | ₹38,283 |
| 30 | 30 | ₹18,00,000 | ₹1,13,96,627 | ₹22,793 |
| 35 | 25 | ₹15,00,000 | ₹66,89,452 | ₹13,379 |
| 40 | 20 | ₹12,00,000 | ₹38,28,485 | ₹7,657 |
| 45 | 15 | ₹9,00,000 | ₹20,89,621 | ₹4,179 |
| 50 | 10 | ₹6,00,000 | ₹10,32,760 | ₹2,066 |
Pension figures are in today's rupee terms only on paper. ₹22,793 thirty years from now will buy far less than it does today; try the inflation calculator to see how much less.
What happens at 60
The 40 and 60 rule, in plain words
- At least 40% of the corpus must buy an annuity, which pays you a monthly pension for life.
- Up to 60% can be taken out as a lump sum, and this part is tax-free.
- The annuity income is taxed every year as per your slab.
- You can choose to put more than 40% into the annuity if you want a bigger monthly pension.
Rules as of 2026, check current rules. Exit rules for early withdrawal before 60 are different and not covered by this calculator.
Tax on the way in
Three deductions people mix up
Rules as of 2026, check current rules. Which regime suits you depends on your other deductions; we can work that out with you.
What this calculator leaves out
Read these before you trust the number
- Rising contributions. Most people raise their contribution as salary grows. A flat amount understates the corpus.
- Asset mix. NPS lets you choose how much goes to equity, corporate bonds and government bonds. More equity means more ups and downs.
- Charges. Fund management and account charges are small but reduce the final figure a little.
- Annuity type. A plan that returns the purchase price to your family pays a lower monthly figure than a life-only plan.
- Inflation. All results are in future rupees.
Questions
NPS calculator FAQ
Is the pension shown here what I will actually get?
No. It is an estimate built on two assumed rates for illustration: the return till 60 and the annuity rate at 60. Both will be different in real life. Use it to compare choices, such as starting five years earlier or adding ₹2,000 a month, not as a promise.
What return should I assume for NPS?
It depends on how much of your money sits in equity. A higher equity share has historically moved more and returned more over long periods, but nothing is fixed. We usually show people a cautious, a middle and a hopeful case side by side instead of one number.
Why must 40% go into an annuity?
NPS is built to give a pension, not only a lump sum. So at least 40% of the corpus at 60 has to buy an annuity from an insurer, which then pays you every month. Rules as of 2026, check current rules.
Should I put money in NPS or in mutual funds for retirement?
Often both. NPS gives the extra ₹50,000 deduction under the old regime and keeps money locked till 60, which some people need. Mutual funds stay flexible. Our NPS vs PPF note and the retirement planning page go through the trade-offs.
Can I change how much I contribute later?
Yes. There is a small minimum each year, and beyond that you can raise, lower or skip extra contributions. Rerun this calculator whenever your income changes.
Keep going
Related pages
NPS is one piece of a retirement plan. These pages cover the rest.
National Pension System
Tiers, asset mix, how to open and how we help
Retirement planning
How big the corpus needs to be and how to draw from it
PPF calculator
Compare the fixed-rate option for the same monthly amount
SWP for retirement income
Draw a monthly amount from the lump sum part
Retirement corpus calculator
Work back from the monthly income you want