NPS Calculator
Project your National Pension System corpus at 60 and the split between the annuity that pays your pension and the lumpsum you withdraw.
Year-wise NPS corpus
| Year | Invested | Corpus at year end |
|---|---|---|
| 1 | ₹60,000 | ₹63,351 |
| 2 | ₹1,20,000 | ₹1,33,337 |
| 3 | ₹1,80,000 | ₹2,10,650 |
| 4 | ₹2,40,000 | ₹2,96,059 |
| 5 | ₹3,00,000 | ₹3,90,412 |
| 6 | ₹3,60,000 | ₹4,94,645 |
| 7 | ₹4,20,000 | ₹6,09,792 |
| 8 | ₹4,80,000 | ₹7,36,996 |
| 9 | ₹5,40,000 | ₹8,77,521 |
| 10 | ₹6,00,000 | ₹10,32,760 |
| 11 | ₹6,60,000 | ₹12,04,255 |
| 12 | ₹7,20,000 | ₹13,93,708 |
| 13 | ₹7,80,000 | ₹16,02,998 |
| 14 | ₹8,40,000 | ₹18,34,205 |
| 15 | ₹9,00,000 | ₹20,89,621 |
| 16 | ₹9,60,000 | ₹23,71,783 |
| 17 | ₹10,20,000 | ₹26,83,492 |
| 18 | ₹10,80,000 | ₹30,27,840 |
| 19 | ₹11,40,000 | ₹34,08,245 |
| 20 | ₹12,00,000 | ₹38,28,485 |
| 21 | ₹12,60,000 | ₹42,92,728 |
| 22 | ₹13,20,000 | ₹48,05,584 |
| 23 | ₹13,80,000 | ₹53,72,143 |
| 24 | ₹14,40,000 | ₹59,98,028 |
| 25 | ₹15,00,000 | ₹66,89,452 |
| 26 | ₹15,60,000 | ₹74,53,276 |
| 27 | ₹16,20,000 | ₹82,97,083 |
| 28 | ₹16,80,000 | ₹92,29,247 |
| 29 | ₹17,40,000 | ₹1,02,59,022 |
| 30 | ₹18,00,000 | ₹1,13,96,627 |
What is the National Pension System?
The National Pension System (NPS) is a market-linked retirement account regulated by the PFRDA. You contribute every month until 60; at exit the corpus splits into an annuity and a lumpsum — at least 40% must buy an annuity that pays your monthly pension, and the rest, up to 60%, can be withdrawn tax-free. Because the money rides on equity and debt funds, returns are not guaranteed; they depend on markets and your chosen asset mix.
This calculator projects the corpus at 60 from your monthly contribution and expected return, then shows the annuity and lumpsum split at whichever percentage you pick, plus a year-wise growth path.
The corpus formula
Corpus = P × [((1 + i)ⁿ − 1) ÷ i] × (1 + i)
- P — your monthly contribution
- i — the expected annual return ÷ 12
- n — the number of months until you turn 60
Contributions are treated as invested at the start of each month (annuity-due). At 60, the annuity investment is corpus × your chosen annuity percentage, and the lumpsum is the remainder. The PFRDA minimum annuity purchase is 40% of the corpus.
How to use this calculator
- Enter your monthly investment — ₹500 upwards.
- Set the expected return. NPS returns are market-linked; 9-12% a year is a common planning range depending on your equity allocation, but nothing is guaranteed.
- Set your current age; the projection runs to retirement at 60.
- Choose the annuity purchase at 60 — 40% (the PFRDA minimum), 50% or 60% — to see how the pension-versus-lumpsum split changes.
A worked example
₹5,000 a month at an assumed 10% return from age 30:
- Invested by 60: ₹18,00,000
- Estimated returns: ₹95,96,627
- Corpus at 60: ₹1,13,96,627 — about ₹1.14 crore
- 40% annuity purchase: ₹45,58,651
- Tax-free lumpsum: ₹68,37,976
The 10% return is an assumption, not a promise — at 8% the same plan builds about ₹75,01,476. NPS values move with the market.
At least 40% at normal exit at 60. You may choose more — 50% or 60% in this calculator — which raises the monthly pension and shrinks the lumpsum. The annuity is bought from a PFRDA-empanelled insurer.
Yes — up to 60% of the corpus withdrawn at 60 is exempt from income tax. The annuity purchase itself is not taxed, but the monthly pension it pays is taxable at your slab rate.
Under the old regime: Section 80CCD(1) within the 80C limit, plus an exclusive ₹50,000 under 80CCD(1B). Employer contributions under 80CCD(2) — up to 14% of basic salary — are deductible under both regimes, making NPS one of the few tax breaks that survives the new regime.
NPS is market-linked, so there is no fixed rate and past performance does not guarantee future returns. Long-run planning assumptions of 9-12% a year are common depending on the equity-debt mix; test a range with the slider rather than banking on one number.
Premature exit is allowed after the scheme's lock-ins, but at least 80% of the corpus must then buy an annuity (very small corpora are exempt). Partial withdrawals of up to 25% of your own contributions are allowed for defined needs after three years.